TR-1 (i) NOTIFICATION OF MAJOR INTERESTS IN SHARES
1. Identity of the issuer or the underlying issuer of existing shares to which
voting rights are attached (ii):
Chesnara plc
2. Reason for the notification State
Yes/No
An acquisition or disposal of voting rights Yes
Disposal of voting rights
An acquisition or disposal of financial instruments No
which may result in the
acquisition of shares already issued to which voting
rights are attached
An event changing the breakdown of voting rights No
Other (please specify): No
3. Full name of person(s) subject to the notification New Star Asset
obligation (iii): Management Limited
4. Full name of shareholder(s) (if different from 3.) N/A
(iv):
5. Date of the transaction (and date on which the 4th April 2008
threshold is crossed
or reached if different) (v):
6. Date on which issuer notified: 8th April 2008
7. Threshold(s) that is/are crossed or reached: 10%
8. Notified details:
A: Voting rights attached to shares
Class/type of Situation previous to Resulting situation after the triggering
shares the Triggering transaction (vii)
if possible transaction (vi)
using the ISIN
CODE
Number Number Number Number of voting % of voting
of of of rights (ix) rights
Shares Voting shares
Rights
(viii)
Direct Direct Indirect Direct Indirect
(x) (xi)
GB00B00FPT80 10,468,665 10,468,665 10,454,665 9.99%
B: Financial Instruments
Resulting situation after the triggering transaction (xii)
Type of Expiration Exercise/ Number of voting % of
financial date (xiii) Conversion rights that may be voting
instrument Period/ Date (xiv) acquired if the rights
instrument
is exercised/
converted
Total (A+B)
Number of voting rights % of voting rights
10,454,665 9.99%
9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable (xv):
N/A
Proxy Voting:
10. Name of the proxy holder: N/A
11. Number of voting rights proxy holder will cease to hold: N/A
12. Date on which proxy holder will cease to hold voting N/A
rights:
13. Additional information: N/A
14. Contact name: N/A
15. Contact telephone number: N/A