Chesnara Regulatory News (CSN)

25 Sep 2008 11:20

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 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): Recalculation due to No implementation of DTR5

3. Full name of person(s) subject to the notification Artemis Investment obligation (iii):

Management Limited 4. Full name of shareholder(s) (if different from 3.) Artemis High Income Fund(iv): Institutional Equity Income Fund City of London Cash A/c City of London Pension A/c MT Income Fund SAUL BHS Pension Scheme Hamstead Heath (COL) BHS Senior Management Scheme Charities Pool (COL)

5. Date of the transaction (and date on which the 19th September 2008 threshold is crossed

or reached if different) (v): 6. Date on which issuer notified: 22nd September 2008 7. Threshold(s) that is/are crossed or reached: 7% 8. Notified details:

A: Voting rights attached to shares

Class/type of Situation previous Resulting situation after the triggering

shares to transaction (vii) if possible the Triggering using the ISIN transaction (vi) CODE Number Number Number Number of voting % of voting of of of rights (ix) rights Shares Voting shares Rights (viii) Direct Indirect Direct Indirect GB00B00FPT80 6,302,046 6,302,046 7,627,046 7,627,046 7.29%

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 7,627,046 7.29%

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: 14. Contact name: Julian Koch 15. Contact telephone number: 02073996058