Holding(s) in Company

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                     Chesnara plc            
issuer of existing shares to which voting                                      
rights 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      No   
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    No   
to qualifying financial instruments                                            
                                                                               
An event changing the breakdown of voting rights                          No   
                                                                               
Other (please                                                             No   
specify):                                                                      

3. Full name of person(s) subject to           Standard Life Investments Ltd      
the notification obligation: iii                                               
                                                                               
4. Full name of shareholder(s) (if                          Vidacos Nominees             
different from 3.):iv                                                          
                                                                               
5. Date of the transaction and date                            11 April 2011              
on which the threshold is crossed or                                           
reached: v                                                                     
                                                                               
6. Date on which issuer notified:                              12 April 2011              
                                                                               
7. Threshold(s) that is/are crossed                                Direct 3%                
or 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   Directxi Indirect  Direct Indirect
                                                            xii                     
                                                                                
GB00B00FPT80  4,132,421 4,132,421 4,032,118 3,413,175   618,943  2.972%   0.539% 
                                                                                
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  rights that may be    rights    
                                    xiv          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 financ Exercise Expiration Exercise/  Number of voting    % of voting   
     ial        price   date xvii  Conversion rights instrument  rights xix, xx 
  instrument                         period       refers to                     
                                     xviii                                      
                                                                                
                                                                Nominal   Delta 
                                                                                

Total (A+B+C)                                                                  
                                                                               
        Number of voting rights               Percentage of voting rights      
                                                                               
               4,032,118                                3.511%                 

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:                           [e-mail]    
                                                                               
                                             Standard Life Investments Ltd     
                                                                               
15. Contact telephone number:                       [phone]