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Tapestry Investment Company PC (TIC)

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Wednesday 25 November, 2009

Tapestry Investment Company PC

Holding(s) in Company





+-------------------------------------------------------------------+
| TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi                   |
|-------------------------------------------------------------------|
|                                           |                       |
|-------------------------------------------+-----------------------|
| 1. Identity of the issuer or the          |                       |
| underlying issuer                         |  Tapestry Investment  |
| of existing shares to which voting rights |   Company PCC Ltd.    |
| 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 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                                   |     QVT Financial LP      |
| notification obligation: iii          |                           |
|---------------------------------------+---------------------------|
| 4. Full name of shareholder(s)        |        QVT Fund LP        |
|  (if different from 3.):iv            |  Quintessence Fund L.P.   |
|---------------------------------------+---------------------------|
| 5. Date of the transaction and date   |                           |
| on                                    |     18 November 2009      |
| which the threshold is crossed or     |                           |
| reached: v                            |                           |
|---------------------------------------+---------------------------|
| 6. Date on which issuer notified:     |     20 November 2009      |
|---------------------------------------+---------------------------|
| 7. Threshold(s) that is/are crossed   |                           |
| or                                    |           7%-5%           |
| reached: vi, vii                      |                           |
+-------------------------------------------------------------------+



+----------------------------------------------------------------------------------------------------+
|8. Notified details:                                                                                |
|----------------------------------------------------------------------------------------------------|
|A: Voting rights attached to shares viii, ix                                                        |
|----------------------------------------------------------------------------------------------------|
|Class/type of |Situation previous            |Resulting situation after the triggering transaction  |
|shares        |to the triggering             |                                                      |
|if possible   |transaction                   |                                                      |
|using         |------------------------------+------------------------------------------------------|
|the ISIN CODE |Number           |Number      |Number    |Number of voting     |% of  voting rights x|
|              |of               |of          |of shares |rights               |                     |
|              |Shares           |Voting      |----------+---------------------+---------------------|
|              |                 |Rights      |Direct    |Direct xi |Indirect  |Direct     |Indirect |
|              |                 |            |          |          |xii       |           |         |
|--------------+-----------------+------------+----------+----------+----------+-----------+---------|
|GB00B063C843  |                 |            |          |          |          |           |         |
|--------------|6,200,000        |6,200,000   |3,782,001 |          |3,782,001 |           |4.5%     |
|              |                 |            |          |          |          |           |         |
|----------------------------------------------------------------------------------------------------|
|                                                                                                    |
|----------------------------------------------------------------------------------------------------|
|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        |Exercise price  |Expiration|Exercise/   |Number of voting rights |% of voting rights|
|financial      |                |date xvii |Conversion  |instrument refers to    |xix, xx           |
|instrument     |                |          |period xviii|                        |                  |
|---------------+----------------+----------+------------+------------------------+------------------|
|               |                |          |            |                        |Nominal    |Delta |
|               |                |          |            |                        |-----------+------|
|               |                |          |            |                        |           |      |
|----------------------------------------------------------------------------------------------------|
|                                                                                                    |
|----------------------------------------------------------------------------------------------------|
|Total (A+B+C)                                                                                       |
|----------------------------------------------------------------------------------------------------|
|Number of voting rights                            |Percentage of voting rights                     |
|---------------------------------------------------+------------------------------------------------|
|3,782,001                                          |4.5%                                            |
+----------------------------------------------------------------------------------------------------+



+-------------------------------------------------------------------+
| 9. Chain of controlled undertakings through which the voting      |
| rights and/or the                                                 |
| financial instruments are effectively held, if applicable: xxi    |
|-------------------------------------------------------------------|
|                                                                   |
|                                                                   |
|-------------------------------------------------------------------|
|                                                                   |
|-------------------------------------------------------------------|
| Proxy Voting:                                                     |
|-------------------------------------------------------------------|
| 10. Name of the proxy holder:                               |     |
|-------------------------------------------------------------+-----|
| 11. Number of voting rights proxy holder will cease         |     |
| to hold:                                                    |     |
|-------------------------------------------------------------+-----|
| 12. Date on which proxy holder will cease to hold           |     |
| voting rights:                                              |     |
|-------------------------------------------------------------------|
|                                                                   |
|-------------------------------------------------------------------|
| 13. Additional information:                  |                    |
|----------------------------------------------+--------------------|
| 14. Contact name:                            |    Meg Nowicki     |
|----------------------------------------------+--------------------|
| 15. Contact telephone number:                | +1 (212) 705 6229  |
+-------------------------------------------------------------------+



+-------------------------------------------------------------------+
| Note: Annex should only be submitted to the FSA not the issuer    |
|-------------------------------------------------------------------|
| Annex: Notification of major interests in sharesxxii              |
|-------------------------------------------------------------------|
|                                                                   |
|-------------------------------------------------------------------|
| A: Identity of the persons or legal entity subject to the         |
| notification obligation                                           |
|-------------------------------------------------------------------|
| Full name                      |                                  |
| (including legal form of legal |         QVT Financial LP         |
| entities)                      |                                  |
|                                |                                  |
|--------------------------------+----------------------------------|
| Contact address                | 1177 Avenue of the Americas, 9th |
| (registered office for legal   |              Floor               |
| entities)                      |     New York, NY 10036, USA      |
|                                |                                  |
|--------------------------------+----------------------------------|
| Phone number & email           |        +1 (212) 705-8800         |
|                                |    regulatoryfilings@qvt.com     |
|--------------------------------+----------------------------------|
| Other useful information       |                                  |
| (at least legal representative |                                  |
| for legal persons)             |                                  |
|                                |                                  |
|--------------------------------+----------------------------------|
|                                |                                  |
|-------------------------------------------------------------------|
| B: Identity of the notifier, if applicable                        |
|-------------------------------------------------------------------|
| Full name                      |                                  |
|                                |                                  |
|--------------------------------+----------------------------------|
| Contact address                |                                  |
|                                |                                  |
|--------------------------------+----------------------------------|
| Phone number & email           |                                  |
|                                |                                  |
|--------------------------------+----------------------------------|
| Other useful information       |                                  |
| (e.g. functional relationship  |                                  |
| with the person or legal       |                                  |
| entity subject to the          |                                  |
| notification obligation)       |                                  |
|-------------------------------------------------------------------|
|                                                                   |
|-------------------------------------------------------------------|
| C: Additional information                                         |
|-------------------------------------------------------------------|
|                                                                   |
|-------------------------------------------------------------------|
| For notes on how to complete form TR-1 please see the FSA         |
| website.                                                          |
+-------------------------------------------------------------------+

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