Chesnara Regulatory News (CSN)

3 Nov 2008 07:00

TR-1 : notification of major interests in shares

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

PLC GB00B00FPT80

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 Allianz obligation : SE

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

Voute NV

5. Date of the transaction (and date on which the threshold 29th October is crossed or reached if different) :

2008 6. Date on which issuer notified: 30th October 2008 7. Threshold(s) that is/are crossed or reached: 11% 8. Notified details: A: Voting rights attached to shares

Class/type Situation previous to Resulting situation after the triggering of shares the Triggering transaction

transaction if possible using the Number of Number of Number of Number of voting % of voting ISIN CODE Shares Voting shares rights ix rights Rights viii Direct Direct x Indirect Direct Indirect

GB00B00FPT80 12,132,726 12,132,726 11,149,659 11,149,659 45,989 10.8082 0.445807

B: Financial Instruments Resulting situation after the triggering transaction xii Type of Expiration Exercise/ Number of voting rights that may % of financial date xiii Conversion be acquired if the instrument is voting instrument Period/ Date exercised/ converted. rights xiv Total (A+B) Number of voting rights % of voting rights 11,195,648 10.8528%

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

Allianz Global Investors AG is a wholly-owned subsidiary of Allianz SE.

Allianz SE is the ultimate holding company of Veer Palthe Voute NV ("VPV"). VPV is a direct subsidiary of Dresdner Bank Luxembourg S.A. ("DB Lux"), a direct subsidiary of Dresdner Bank AG ("Dresdner"). Dresdner is a direct subsidiary of Allianz Finanzbeteiligungs GmbH ("Allianz Finanz"), which is itself a direct subsidiary of Allianz SE.

Dresdner Bank AG is the holding company of Kleinwort Benson Private Bank Ltd. Dresdner Bank AG is a subsidiary of Allianz Finanzbeteiligungs GmBH which is a direct subsidiary of Allianz SE.

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: Dresdner Kleinwort Media Relations Team

15. Contact telephone number: 020 7623 8000