BCAP.L Regulatory News (BCAP)

TR-1: Notifications of Major Interests in Shares

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

Better Capital Limited

2. Reason for notification (yes/no)

An acquisition or disposal of voting rights

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): ACQUISITION OF VOTING RIGHTS FOLLOWING THE RECENT OPEN OFFER

YES

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

Troy Asset Management Ltd

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

Adam & Company nominees a/c Troy 3,064,512

Bank of New York nominees limited

(designation 392510) a/c Trojan Fund 3,173,409

(designation 392864) a/c Spectrum Fund 1,838,709

(designation 392509) a/c Crystal Fund 223,983

Northern Trust a/c JUN05 292,619

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

28th June 2010

6. Date on which issuer notified:

29th June 2010

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

6%

8: Notified Details

A: Voting rights attached to shares

Class/type of shares

If possible use ISIN code

Ordinary Shares

GG00B5885941

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of shares

4,000,000

Number of voting rights

4,000,000

Number of shares

8,593,232

Number of voting rights

Percentage of voting rights

Direct

Indirect

Direct

Indirect

B: Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date

Exercise/ conversion period/date

No. of voting rights that may be acquired (if the instrument exercised/converted)

Percentage of voting rights

Total (A+B)

Number of voting rights

Percentage of voting rights

8,593,232

6%

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

Please see section 4.

Proxy Voting:

10. Name of 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:

15. Contact telephone name:

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

Full name (including legal form for legal entities):

Heritage International Fund Managers Limited

Contact address (registered office for legal entities):

Heritage Hall, PO Box 225, Le Marchant Street, St Peter Port, Guernsey, GY1 4HY.

Phone number:

01481716000 

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

B: Identity of the notifier, if applicable:

Full name:

Sebastian Lyon

Contact address:

Brookfield House, 44 Davies Street, London, W1K 5JA

Phone number:

 02074994030

Other useful information

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

C: Additional information :

The above 8,593,232 shares were acquired as a result of the recent placing.

This is based on an issued share capital of 142,400,000.

* This annex is only required to be filed with the competent authority.