TR-1: NOTIFICATION OF MAJOR INTERESTS IN SHARES
(1). Identity of the issuer or the underlying issuer of existing shares to which
voting rights are attached:
PHSC PLC
2. Reason for the notification (please state Yes/No):
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):
INITIAL NOTIFICATION OF SHAREHOLDING UNDER TRANSPARENCY DIRECTIVE
3. Full name of person(s) subject to the notification obligation:
Unicorn Asset Management Limited
4. Full name of shareholder(s) (if different from 3.):
Eaglet Investment Trust plc
Unicorn AIM VCT II Plc
5. Date of the transaction and date on which the threshold is crossed or reached
if different):
3rd May 2007
6. Date on which issuer notified:
4th May 2007
7. Threshold(s) that is/are crossed or reached:
16%
8. Notified details:
A: Voting rights attached to shares
Class/type of shares Situation previous to the Triggering transaction
if possible using the
ISIN CODE
Number of shares Number of voting Rights
1,792,453 1,792,453
Resulting situation after the triggering transaction
Class/type of shares Number of shares Number of voting rights
if possible using
the ISIN CODE
33113456
Direct Indirect Direct Indirect
1,899,453 16.3%
B: Financial Instruments
Resulting situation after the triggering transaction
Type of Expiration Date Exercise/Conversion Number of voting % of voting
financial Period/ Date rights that may be rights
instrument acquired if the
instrument is
exercised/
converted.
Total (A+B)
Number of voting rights % of voting rights
1,899,453 16.3%
9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:
Name of the Co. / Fund Number of shares % of issued share capital
Voting Rights % of Total
Eaglet Investment Trust plc 1,050,396 9.0%
Unicorn AIM VCT II Plc 849,057 7.3%
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:
Sam Barton
15. Contact telephone number:
020 7253 0889
A: Identity of the person or legal entity subject to the notification obligation
Full name (Including legal form for legal entities):
Unicorn Asset Management Limited
Contact address (registered office for legal entities):
First Floor Office, Preacher's Court, The Charterhouse
Charterhouse Square
London EC1M 6AU
PHSC plc