Holding(s) in Company

British & American Investment Trust PLC

09 September 2009

 
Holding(s) in company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES         

1. Identity of the issuer or the underlying     BRITISH & AMERICAN         
issuer of existing shares to which voting     INVESTMENT TRUST PLC         
rights are attached:                                                       

 

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      NO     
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     NO     
effect to qualifying financial instruments                                 
                                                                           
An event changing the breakdown of voting rights                     NO    
                                                                           
Other (please specify):                                              NO    

3. Full name of person(s) subject to the notification  PKL PICTURES LIMITED
obligation:                                                                
                                                                           
                                                                           
4. Full name of shareholder(s) (if different from                          
3.):                                                                       
                                                                           
5. Date of the transaction and date on which the      8 SEPTEMBER 2009     
threshold is crossed or reached:                                           
                                                                           
                                                                           
6. Date on which issuer notified:                     8 SEPTEMBER 2009     
                                                                           
                                                                           
                                                                           
7. Threshold(s) that is/are crossed or reached:       3%                   
                                                                           
                                                                           

  

 80,000 

8. Notified details:                                                                
                                                                                    
A: Voting rights attached to shares                                                 
                                                                                    
Class/type of   Situation       Resulting situation after the triggering            
shares          previous        transaction                                         
                to                                                                  
                the triggering                                                      
if possible     transaction                                                         
using                                                                               
the ISIN CODE   Number  Number  Number   Number of voting      % of voting          
                of      of      of       rights                rights               
                Shares  Voting  shares                                              
                        Rights                                                      
                                         Direct     Indirect   Direct Indirect      
                                                                                    
 GB0000653112                                                                       
                                                                                    
                                80,000   1,000,000  1,000,000         4.0%     4.0% 
 ORDINARY SHARE                                                                     
£1                                                                                  

B: Qualifying Financial Instruments                             
                                                                
Resulting situation after the triggering transaction            
                                                                
Type of       Expiration Exercise/   Number of voting  % of     
financial     date       Conversion  rights that may   voting   
instrument               Period      be                rights   
                                     acquired if the            
                                     instrument is              
                                     exercised/                 
                                     converted.                 
                                                                
                                                                

C: Financial Instruments with similar economic effect to                    
Qualifying Financial Instruments                                            
                                                                            
Resulting situation after the triggering transaction                        
                                                                            
Type of       Exercise  Expiration  Exercise/   Number of     % of voting   
financial     price     date        Conversion  voting        rights        
instrument                          period      rights                      
                                                instrument                  
                                                refers to                   
                                                                            
                                                              Nominal  Delta
                                                                            
                                                                            

Total (A+B+C)                               
                                            
Number of voting     Percentage of voting   
rights               rights                 
                                            
                                            
                                            
1,000,000            4.0%                   

9. Chain of controlled undertakings through which the voting rights and/or 
the                                                                        
financial instruments are effectively held, if applicable:                 
                                                                           
                                                                           
                                                                           
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:    PKL Pictures Limited is wholly owned by Mr  
                              Jonathan Woolf, managing director of British 
                              & American Investment Trust PLC              
                                                                           
14. Contact name:             Keith Williams, Company Secretary, British & 
                              American Investment Trust PLC                
                                                                           
15. Contact telephone number: 020 7201 3100