Holding(s) in Company

19 Nov 2010 10:07

For filings with the FSA 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 issuer of existing shares to which voting rights CHARLES TAYLOR CONSULTING PLC are attached: ii 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 qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments An event changing the breakdown of voting rights Other (please specify):

3. Full name of person(s) subject to the Ruffer LLP (for its discretionary clients) notification obligation: iii

4. Full name of shareholder(s) (if different from 3.):iv 5. Date of the transaction and date on 17 November 2010 which the threshold is crossed or reached: v 6. Date on which issuer notified: 18 November 2010 7. Threshold(s) that is/are crossed or 4% to 5% reached: vi, vii 8. Notified details:A: Voting rights attached to shares viii, ix Class/type of Situation previous Resulting situation after shares to the triggering the triggering transaction transaction if possible Number Number Number Number of % of voting using of of of shares voting rights x the ISIN CODE Shares Voting rights Rights Direct Direct xi Indirect Direct Indirect xii GB0001883718 1,771,952 1,771,952 2,021,952 2,021,952 5.01 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 xiv rights that may be rights acquired if the instrument is exercised/ converted. C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi Resulting situation after the triggering transaction Type of financial Exercise Expiration Exercise/ Number of voting % of voting instrument price date xvii Conversion rights instrument rights xix, xx period refers to xviii Nominal Delta Total (A+B+C) Number of voting rights Percentage of voting rights 2,021,952 5%

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

N/A Proxy Voting: 10. Name of the proxy holder: N/A 11. Number of voting rights proxy holder will cease to hold: 12. Date on which proxy holder will cease to hold voting rights: Ruffer now controls the voting rights over 2,021,952 shares (5% of the voting rights) of Charles Taylor Consulting, which are held by Ruffer's discretionary clients. 13. Additional information: This is due to the purchase of 250,000 shares on 17 November 2010. 14. Contact name: Louise Stanway 15. Contact telephone number: 020 7963 8146