Holding(s) in Company

TR-1: notification of major interests in shares

1. Identity of the issuer or the underlying               Chesnara PLC         
issuer of existing shares to which voting 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 financial instruments which may result in        
the acquisition of shares already issued to which voting rights are            
attached                                                                       
                                                                               
An event changing the breakdown of voting rights                               
                                                                               
Other (please specify):                                                        
                                                                               
3. Full name of person(s) subject to the                   Allianz SE          
notification obligation:                                                       
                                                                               
4. Full name of shareholder(s) (if different from     Veer Palthe Voute NV     
3.):                                                                           
                                                                               
5. Date of the transaction (and date on which the                              
threshold is crossed or reached if different):                                 
                                                                               
6. Date on which issuer notified:                         11 July 2007         
                                                                               
7. Threshold(s) that is/are crossed or reached:                13%             
                                                                               
8. Notified details:                                                           

A: Voting rights attached to shares                                          
                                                                             
Class/type  Situation       Resulting situation after the triggering         
of shares   previous to the transaction                                      
            Triggering                                                       
if possible transaction                                                      
using the                                                                    
ISIN CODE                                                                    
                                                                             
                                                                             

Number of    Number of  Number of  Number of voting      % of voting rights         
Shares       Voting     shares     rights ix                                        
             Rights                                                                 
             viii       Direct     Direct x   Indirect   Direct   Indirect          
                                              xi                                    
                                                                                    
GB00B00FPT80 13,385,539 13,385,539 13,916,525 13,916,525 76,206   13.305%   0.073%  

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

Total (A+B)                                                                    
                                                                               
Number of voting rights                % of voting rights                      
                                                                               
13,982,481                             13.369%                                 

9. Chain of controlled undertakings through which the voting rights and/or the 
financial instruments are effectively held, if applicable xv:                  
                                                                               
Allianz SE is the ultimate holding company of Veer Palthe Voute NV ("VPV"). VPV
is a direct subsidiary of Dresdner Bank Luxembourg S.A. ("DB Lux"), a direct   
subsidiary of Dresdner Bank AG ("Dresdner"). Dresdner is a direct subsidiary of
Allianz Finanzbeteiligungs GmbH ("Allianz Finanz"), which is itself a direct   
subsidiary of Allianz SE.                                                      

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:                 Irina Daniel                                 
                                                                               
15. Contact telephone number:     020 7475 5617