Holding(s) in Company

Ardana PLC
24 May 2007


For filings with the FSA include the annex
For filings with issuer exclude the annex


TR-1: Notifications of Major Interests in Shares

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

ARDANA PLC

2. Reason for notification 
(please place an X inside the appropriate bracket/s):

An acquisition or disposal of voting rights:                               (YES)

An acquisition or disposal of financial instruments which may result in the 
acquisition of shares already issued to which voting rights are attached:  (  )

An event changing the breakdown of voting rights:                          (  )

Other (please specify) :                                                   (  )


3. Full name of person(s) subject to notification obligation:

MVM INTERNATIONAL LIFE SCIENCES FUND NO.1 LP, 
UK MEDICAL VENTURED FUND NO. 1 LP,
MVM EXECUTIVE LIMITED

4. Full name of shareholder(s) (if different from 3) :


5. Date of transaction (and date on which the threshold is crossed or reached 
if different):

22 MAY 2007

6. Date on which issuer notified:

23 MAY 2007

7. Threshold(s) that is/are crossed or reached:

7%

8. Notified Details:     CROSSED PERCENTAGE INTEGER

A: Voting rights attached to shares
 
Class/type of shares              Situation previous to  
if possible use                 the Triggering transaction                
ISIN CODE                       
                       Number of shares       Number of voting Rights 

GB00B065JS90               6,538,640          6,538,640
ARDANA PLC                  
ORDINARY 1P

 

                            Resulting situation after the triggering transaction 
 
Class/type of shares   Number of shares  Number of voting rights    % of voting rights  
if possible use                                                                 
ISIN CODE                                Direct     Indirect        Direct    Indirect  

GB00B065JS90               4,338,640     4,338,640                  6.62%
ARDANA PLC               
ORDINARY 1P
 

B: Financial Instruments

Resulting situation after the triggering transaction 

Type of     Expiration date  Exercise/conversion  No. of voting     % of voting     
financial                    period/date          rights that may   rights          
instrument                                        be acquired (if                       
                                                  the instrument                         
                                                  exercised/
                                                  converted)                           

 

Total (A+B)
Number of voting rights       % of voting rights 

4,338,640                            6.62%
 

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


 


Proxy Voting:

 
10. Name of 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:

HUGO HARROD
 

14. Contact name:

020 7557 7515
 

15. Contact telephone number:




For notes on how to complete form TR-1 please see the FSA website.



 
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