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 issuer                                        
of existing shares to which voting rights are                        Vela Technologies Plc
attached:ii                                                                               
                                                                                          
2 Reason for the notification (please tick the appropriate box or boxes):                 
                                                                                          
An acquisition or disposal of voting rights                                              X
                                                                                          
An acquisition or disposal of qualifying financial instruments 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 effect to                 
qualifying financial instruments                                                          
                                                                                          
An event changing the breakdown of voting rights                                          
                                                                                          
Other (please specify):                                                                   
                                                                                          
3. Full name of person(s) subject to the                          Hawk Investment Holdings
notification obligation:iii                                                        Limited
                                                                                          
4. Full name of shareholder(s)                                                            
 (if different from 3.):iv                                                                
                                                                                          
5. Date of the transaction and date on                                                    
which the threshold is crossed or                                               07/01/2014
reached: v                                                                                
                                                                                          
6. Date on which issuer notified:                                               08/01/2014
                                                                                          
7. Threshold(s) that is/are crossed or                                             19%-17%
reached: vi, vii                                                                          
                                                                                          


 

8. Notified details:                                                                    
                                                                                        
A: Voting rights attached to shares viii, ix                                            
                                                                                        
Class/type of   Situation previous    Resulting situation after the triggering          
shares          to the triggering     transaction                                       
                transaction                                                             
                                                                                        
if possible     Number     Number     Number     Number of voting    % of  voting rights
using           of         of         of shares  rights              x                  
the ISIN CODE   Shares     Voting                                                       
                           Rights     Direct     Direct xi  Indirect Direct   Indirect  
                                                            xii                         
                                                                                        
ORD                                                                                     
                                                                                        
                30,000,000 30,000,000 27,000,000 27,000,000          17.70%             
                                                                                        
                                                                                        
                                                                                        

 

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 xiv  rights that may be     rights      
                                                     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    Exercise Expiration   Exercise/     Number of voting rights   % of voting    
financial  price    date xvii    Conversion    instrument refers to      rights xix, xx 
instrument                       period xviii                                           
                                                                                        
                                                                                        
                                                                         Nominal   Delta
                                                                                        
                                                                                        
                                                                                        

 

Total (A+B+C)                                                                           
                                                                                        
Number of voting rights                  Percentage of voting rights                    
                                                                                        
27,000,000                               17.70%                                         
                                                                                        


 

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:                              Edd Hollier, Investec Wealth & Investment
                                                                                        
15. Contact telephone number:                                              0121 232 0707