Vela Technologies Regulatory News (VELA)

For filings with the FCA include the annex For filings with issuer exclude the annex TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi 1. Identity of the issuer or the underlying VELA Technologies PLCissuer of existing shares to which votingrights are attached: ii 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 qualifying financial instruments whichmay result in the acquisition of shares already issued to which votingrights are attached An acquisition or disposal of instruments with similar economic effectto qualifying financial instruments An event changing the breakdown of voting rights Other (pleasespecify): 3. Full name of person(s) subject to Beaufort Securitiesthe notification obligation: iii 131 Finsbury Pavement London EC2A 1NT 4. Full name of shareholder(s) (ifdifferent from 3.):iv 5. Date of the transaction and date 7th January 2014on which the threshold is crossed orreached: v 6. Date on which issuer notified: 7th January 2014 7. Threshold(s) that is/are crossed 7%or reached: vi, vii 8. Notified details:A: Voting rights attached to shares viii, ix Class/type of Situation Resulting situation aftershares previous the triggering to the triggering transaction transactionif possibleusing Number Number % of votingthe ISIN CODE Number of Number of rights x of Voting of voting Shares Rights shares rights Direct Direct Indirect Direct Indirect xi xii GB00B7D7F340 0 0 11000000 11000000 0 7.2% 0 B: Qualifying Financial Instruments Resulting situation after the triggering transaction Type of financial Expiration Exercise/ Number of voting % of voting instrument date xiii Conversion Period rights that may be rights xiv acquired if the instrument is exercised/ converted. C: Financial Instruments with similar economic effect to Qualifying FinancialInstruments xv, xvi Resulting situation after the triggering transaction Type of Exercise Expiration Exercise/ Number of voting % of voting financial price date xvii Conversion rights instrument rights xix, xx instrument period refers to xviii Nominal Delta Total (A+B+C) Number of voting rights Percentage of voting rights 11 000 000 7.2% 9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi Proxy Voting: 10. Name of the proxy holder: 11. Number of voting rights proxyholder will cease to hold: 12. Date on which proxy holder willcease to hold voting rights: 13. Additional information: Beaufort Securities have bought these shares in their capacity as Principal 14. Contact name: Andrew Gutmann 15. Contact telephone number: 0207 3828315