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TR-1 Interests in Shares

6th Nov 2007 11:14

Saltus European Debt Strategies Ltd06 November 2007 SALTUS EUROPEAN DEBT STRATEGIES LIMITED (Registered in Guernsey - Number 46912) Administrative Office: C/o BUTTERFIELD FUND SERVICES (GUERNSEY) LIMITED P.O. BOX 211, REGENCY COURT, GLATEGNY ESPLANADE, ST. PETER PORT, GUERNSEY, GY1 3NQ, CHANNEL ISLANDS. ___________________________ TELEPHONE: + 44 1481 720321 FACSIMILE: + 44 1481 716117 e-mail: [email protected] Immediate Announcement 06 November 2007 Saltus European Debt Strategies Limited was notified of the followingtransaction in its share capital. 1. Identity of the issuer or the underlying issuer of existing shares to whichvoting rights are attached: Saltus European Debt Strategies Limited 2. Reason for notification (yes/no) An acquisition or disposal of voting rights Yes An acquisition or disposal of financial instruments which may result in theacquisition 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 Barclays PLCnotification obligation: 4. Full name of shareholder(s) (if different from 3) Barclays Stockbrokers Ltd Gerrard Investment Management Ltd5. Date of transaction (and date on which the threshold is crossed or reached if different): 31 October 2007 6. Date on which issuer notified: 01 November 2007 7. Threshold(s) that is/are crossed or reached: 6% - 5% 8. Notified Details A: Voting rights attached to sharesClass/type of Situation previous to the Resulting situation after the triggering transactionShares if triggering transactionpossible use Number of Number of Number of Number of voting Percentage of votingISIN Code Shares voting shares rights rights rights Direct Indirect Direct Indirect GG00B1WTM617 2,879,853 2,879,853 2,859,853 0 2,859,853 0.00 5.96 B: Financial InstrumentsResulting situation after the triggering transactionType of financial Expiration date Exercise/ No. of voting rights Percentage ofinstrument conversion that may be acquired voting rights period/date (if the instrument exercised/converted) Total (A+B)Number of voting rights Percentage of voting rights2,859,853 5.96 9. Chain of controlled undertakings through which the voting rights and / or the financialinstruments are effectively held, if applicable: Barclays Stockbrokers Ltd Gerrard Investment Management Ltd Proxy Voting: 10. Name of proxy holder: 11. Number of voting rights proxy holder will ceaseto hold: 12. Date on which proxy holder will cease to holdvoting rights: 13. Additional information 14. Contact name: Geoff Smith 15. Contact telephone number: 020 7116 2913 All Enquiries:The Company SecretaryButterfield Fund Services (Guernsey) LimitedPO Box 211Regency CourtGlategny EsplanadeSt Peter PortGuernseyGY1 3NQ Tel: 01481 720321Fax: 01481 716117 This information is provided by RNS The company news service from the London Stock Exchange

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