Holding(s) in Company

12 Oct 2010 13:21

Independent Resources plc (the 'Company')

Notification for the purposes of s.198 Companies Act 1985

Following recent purchases of shares and a subsequent transfer of shares between funds, Matterhorn Investment Management LLP hereby gives you notice as follows:

1. Non-beneficial funds under the discretionary management of Matterhorn Investment Management LLP now hold an interest in 4,966,667 ordinary shares of Independent Resources Plc.

The following interest is included in the number of shares shown below:

Fund Name and Address No of Ordinary SharesThe Wildhorn Master fund 1,600,309andThe Breithorn Master Fund 3,258,025Both of89 Nexus WayCamana BayGrand Cayman KY1-9007Cayman Islands

2. The registered holders of the total above mentioned shares are:

Registered Holder No of Ordinary Shares

Goldman Sachs Securities (Nominees) Limited 4,966,667

3. Neither Matterhorn Investment Management LLP, The Wildhorn Master Fund nor the Breithorn Master Fund are interested in any of the above shares by virtue of such an interest as is mentioned in s.208(5) Companies Act 1985

Enquiries:

For further information please contact:

Independent Resources plc

Tim James 00 39 06 45 49 07 20