Holding(s) in Company

TR-1 (i) NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which
voting rights are attached (ii):

Chesnara Plc

2. Reason for the notification                                  State          
                                                                Yes/No         
                                                                               
An acquisition or disposal of voting rights                      Yes           
                                                                               
An acquisition or disposal of financial instruments               No           
which may result in the                                                        
acquisition of shares already issued to which voting                           
rights are attached                                                            
                                                                               
An event changing the breakdown of voting rights                  No           
                                                                               
Other (please specify): Recalculation due to                      No           
implementation of DTR5                                                         

3. Full name of person(s) subject to the notification     Artemis Investment   
obligation (iii):                                         Management Limited   
                                                                               
4. Full name of shareholder(s) (if different from 3.)  Artemis High Income Fund
(iv):                                                                          
                                                         Institutional Equity  
                                                             Income Fund       
                                                                               
                                                       City of London Cash A/c 
                                                                               
                                                       City of London Pension A/c           
                                                                               
                                                            MT Income Fund     
                                                                               
                                                                 SAUL          
                                                                               
                                                          BHS Pension Scheme   
                                                                               
                                                        Hamstead Heath (COL)  
                                                                               
                                                        BHS Senior Management  
                                                                Scheme         
                                                                               
                                                         Charities Pool (COL)  
                                                                               
5. Date of the transaction (and date on which the        19th September 2008   
threshold is crossed                                                           
or reached if different) (v):                                                  
                                                                               
6. Date on which issuer notified:                        22nd September 2008   
                                                                               
7. Threshold(s) that is/are crossed or reached:                   7%           
                                                                               
8. Notified details:                                                           

A: Voting rights attached to shares

Class/type of  Situation previous     Resulting situation after the triggering   
    shares             to                        transaction (vii)               
 if possible     the Triggering                                                  
using the ISIN  transaction (vi)                                                 
     CODE       Number    Number    Number    Number of voting     % of voting   
                  of        of        of        rights (ix)          rights      
                Shares    Voting    shares                                       
                          Rights                                                 
                          (viii)                                                 
                                               Direct   Indirect  Direct  Indirect
 GB00B00FPT80  6,302,046 6,302,046 7,627,046  7,627,046           7.29%           
                                                                                 

B: Financial Instruments

Resulting situation after the triggering transaction (xii)

   Type of     Expiration       Exercise/        Number of voting       % of   
  financial    date (xiii)      Conversion      rights that may be     voting  
 instrument                 Period/ Date (xiv)    acquired if the      rights  
                                                    instrument                 
                                                   is exercised/               
                                                     converted                 
                                                                               

Total (A+B)                                                                    
                                                                               
Number of voting rights                 % of voting rights                     
                                                                               
7,627,046                               7.29%                                  

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

N/A                                                                            

Proxy Voting:


10. Name of the proxy holder:                                 N/A              
                                                                               
11. Number of voting rights proxy holder will cease to hold:  N/A              
                                                                               
12. Date on which proxy holder will cease to hold voting      N/A              
rights:                                                                        

13. Additional information:                                                    
                                                                               
14. Contact name:                                             Julian Koch      
                                                                               
15. Contact telephone number:                                 02073996058