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Last checked at 
24 Mar 2011 07:00
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:
| Fairpoint Group Plc |
2. Reason for the notification (yes/no)
| |
An acquisition or disposal of voting rights
| Yes |
An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
| No |
An event changing the breakdown of voting rights
| No |
Other (please specify):___________________________________________
| No |
3. Full name of person(s) subject to the notification obligation: | Hanover I Master Fund where the shares are registered in the name of Vidacos Nominees Limited, Hanover Investment Management (Cayman) Limited and Dauphin Ventures Limited. |
4. Full name of shareholder(s) (if different from 3.): | As above
|
5. Date of the transaction (and date on which the threshold is crossed or reached if different):
| 18 March 2011 |
6. Date on which issuer notified:
| 22 March 2011 |
7. Threshold(s) that is/are crossed or reached: | 24%
|
8. Notified details:
| |||||||
A: Voting rights attached to shares
| |||||||
Class/type of shares If possible use ISIN code | Situation previous to the Triggering transaction | Resulting situation after the triggering transaction | |||||
Number of shares | Number of voting rights | Number of shares | Number of voting rights | Percentage of voting rights | |||
Direct | Indirect | Direct | Indirect | ||||
Ord 1p | 10,364,542 | 10,364,542 | 9,864,542 | 9,864,542 | 23.016% | ||
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 is exercised / converted) | Percentage of voting rights |
| ||||
Total (A+B)
| |
Number of voting rights
| Percentage of voting rights |
9,864,542 | 23.016% |
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: |
Vidacos Nominees Limited controls the total voting rights; being the vehicle managed by the Prime Broker to Hanover I Master Fund LP |
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:
| Michael Smith |
15. Contact telephone number:
| 0207 766 8400 |
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