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                       No           
                                                                               
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): Notification under DTR Rule              Yes           
5.8.3R                                                                         

3. Full name of person(s) subject to the notification         Allianz SE       
obligation (iii):                                                              
                                                                               
4. Full name of shareholder(s) (if different from 3.)    Veer Palthe Voute NV  
(iv):                                                                          
                                                                               
5. Date of the transaction (and date on which the                              
threshold is crossed                                                           
or reached if different) (v):                                                  
                                                                               
6. Date on which issuer notified:                           20 March 2007      
                                                                               
7. Threshold(s) that is/are crossed or reached:                  12%           
                                                                               
8. Notified details:                                                           

A: Voting rights attached to shares

Class/type of      Situation         Resulting situation after the triggering    
    shares        previous 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     Direct   Indirect  Direct  Indirect
                                               (x)       (xi)                    
                                                                                 
 GB00B00FPT80                    13,326,468 13,326,468  69,321   12.731%   0.065%  
                                                                                 

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                     
                                                                               
13,385,539                              12.796%                                

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 /   
                                                              James Wall       
                                                                               
15. Contact telephone number:                                 020 7475 5617 /  
                                                              020 7475 2194    

  ND