NASA.L Regulatory News (NASA)

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

Nasstar plc

2. Reason for the 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

An event changing the breakdown of voting rights

Other (please specify):___________________________________________

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

Kestrel Opportunities, a cell of Guernsey Portfolios PCC Limited

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

As in 3 above

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

11/07/2011 

6. Date on which issuer notified:

13/07/2011

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

Above 11%

8. Notified details:

A: Voting rights attached to shares

Class/type of shares

 if possible using the ISIN CODE

Situation previous to the Triggering transaction

Resulting situation after the triggering transaction

Number of Voting Rights

Number of shares

Number of voting rights

% of voting rights

Direct

Indirect

Direct

Indirect

GB00B0T1S097

625,000

625,000

5,625,000

5,625,000

-

11.09%

-

B: Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date

Exercise/ Conversion Period/ Date

Number of voting rights that may be acquired if the instrument is exercised/ converted.

% of voting rights

-

-

-

-

-

Total (A+B)

Number of voting rights

% of voting rights

5,625,000

11.09%

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

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 rights:

n/a

13. Additional information:

Notification using the total voting rights figure of 50,733,224

14. Contact name:

Oliver Scott (Kestrel Partners)

15. Contact telephone number:

020 3371 6100