Holding(s) in Company

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

Styles & Wood

2. Reason for the notification   (please tick the appropriate box or boxes)

An acquisition or disposal of voting rights 

X

An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An event changing the breakdown of voting rights

Other (please specify):___________________________________________

3. Full name of person(s) subject to the notification obligation:

Ennismore Fund Management Limited

4. Full name of shareholder(s) (if different from 3.):

1) Ennismore European Smaller Companies Fund

2) Ennismore European Smaller Companies Master Hedge Fund

5. Date of the transaction (and date on which the threshold is crossed or reached if different):

26 march, 2009

6. Date on which issuer notified:

26 march 2009

7. Threshold(s) that is/are crossed or reached:

10%

8. Notified details:

A: Voting rights attached to shares

Class/type of shares 

 if possible using the ISIN CODE

Situation previous to the Triggering transaction 

Resulting situation after the triggering transaction

Number of Shares 

Number of Voting Rights viii

Number of shares 

Number of voting rights ix

% of voting rights

Direct

Direct x

Indirect xi

Direct

Indirect

GB00B1DKGQ10

6,924,500

6,924,500

6,299,500

6,299,500

9.77. %

B: Financial Instruments

Resulting situation after the triggering transaction xii

Type of financial instrument 

Expiration date xiii

Exercise/ Conversion Period/ Date xiv 

Number of voting rights that may be acquired if the instrument is exercised/ converted. 

% of voting rights

Total (A+B)

Number of voting rights

% of voting rights

6,299,500

9.77. %

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable xv:

Ennismore European Smaller Companies Fund = 3,591,102 shares

Ennismore European Smaller Companies Master Hedge Fund = 2,708,398 shares

Therefore, the total under management:

Ennismore Fund Management Limited = 6,299,500 shares 

Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will cease to hold:

12. Date on which proxy holder will cease to hold voting rights:

13. Additional information:

14. Contact name:

Danielle Etkin

15. Contact telephone number:

+44 20 7368 4200

A: Identity of the person or legal entity subject to the notification obligation

Full name (including legal form for legal entities)

Contact address (registered office for legal entities)

Phone number 

Other useful information (at least legal representative for legal persons)

B:  Identity of the notifier, if applicable xvii

Full name 

Ennismore Fund Management Limited

Contact address 

Kensington Cloisters, 5 Kensington Church Street, London, W8 4LD.

Phone number 

+44 20 7368 4200

Other useful information (e.g. functional relationship with the person or legal entity subject to the notification obligation)

Investment Manager

C: Additional information