Holding(s) in Company

Alpha Pyrenees Trust Limited
06 November 2006

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES


1.    Name of company                               2.  Name of shareholder having a major interest



      Alpha Pyrenees Trust Limited                      Cheyne Special Situations Fund L.P.


3.    Please state whether notification indicates   4.  Name of the registered holder(s) and, if more than
      that it is in respect of holding of the           one holder, the number of shares held by each of
      shareholder named in 2 above or in respect of     them
      a non-beneficial interest or in the case of
      an individual holder if it is a holding of
      that person's spouse or children under the
      age of 18                                         Credit Suisse Client Nominees UK Limited




5.    Number of shares/    6.  Percentage of issued 7.  Number of shares/amount   8. Percentage of issued
      amount of stock          class                    of stock disposed            class
      acquired


                                                        750,000
      -
                               -

9. Class of security                              10.    Date of transaction     11.   Date company
                                                                                       informed



                                                                                       03 NOVEMBER 2006
   Ordinary NPV                                          25 OCTOBER 2006


12.   Total holding following this notification     13.    Total percentage holding of issued class
                                                           following this notification

                                                           2.92%
      3,725,000

14.   Any additional information                    15. Name of contact and telephone number for queries



                                                        Jessica Lund

                                                        01481 715601






16.   Name and signature of authorised company official

      responsible for making this notification



      JESSICA LUND
Date of notification  06 November 2006






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