Last checked at 
22 May 2009 16:42
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:
| - Chrysalis plc |
2. Reason for notification (please tick the appropriate box or boxes):
| - 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: n/a - An event changing the break down of voting rights: n/a - Other (please specify): n/a |
3. Full name if person(s) subject to the notification obligation:
| - North Atlantic Value LLP (as investment manager/advisor) |
4. Full name of shareholder(s) (if different from 3):
| 1. North Atlantic Smaller Companies Investment Trust PLC |
| 2. North Atlantic Value LLP (as investment manager/advisor to other fund management clients) |
5. Date of the transaction (and date on which the threshold is crossed or reached if different):
| - 20 May 2009 |
6. Date on which issuer is notified:
| - 22 May 2009 |
7. Threshold(s) that is/are crossed or reached:
| - No change in total percentage holding, still 5% but individual holding through 8%. |
8. Notified details:
A) Voting rights attached to shares
Class/type of shares (if possible using the ISIN code):
| - Ordinary shares |
Situation previous to the triggering transaction:
| - Number of shares - Holder 1 - 5,000,000 Holder 2 - 725,000 - Number of voting rights - Holder 1 - 5,000,000 Holder 2 - 725,000 |
Resulting situation after the triggering transaction:
| - Number of shares - Holder 1 - 5,500,000 Holder 2 - 725,000 - Number of voting rights - Direct - Holder 1 - 5,500,000 Holder 2 - 725,000 - Percentage of voting rights - Direct - Holder 1 - 8.19% Holder 2 - 1.08% |
B Financial Instruments
Resulting situation after the triggering transaction:
Type of financial instrument:
| - not given |
Expiration date:
| - not given |
Exercise/conversation period/date:
| - not given |
Number of voting rights that may be acquired if the instrument is exercised/converted:
| - not given |
% of voting rights:
| - not given |
Total (A+B)
Number of voting rights:
| - 6,225,000 |
% of voting rights:
| - 9.27% |
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:
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/acquire to hold voting rights:
| - |
13. Additional information:
| - North Atlantic Value LLP is the investment manager/advisor in respect of the full 9.27% holding as it is investment manager to Holder 1 as well as the other clients included in Holder 2 |
14. Contact name:
| - Bonita Guntrip |
15. Contact:
| - + 44 20 7747 5681 |
CHRYSALIS GROUP PLC CONTACT DETAILS:
Name of contact and telephone number for queries
| - Andy Mollett - 020 7221 2213 |
Name and signature of authorised company official responsible for making this notification
| - Andy Mollett |
Date of notification
| - 22 May 2009 |
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