Holding(s) in Company

RNS Number : 3658V

FRM Credit Alpha Limited

08 July 2009

TR-1: notification of major interests in shares

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:	FRM Credit Alpha Ltd
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 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 the notification obligation:	Newton Investment Management Limited
4. Full name of shareholder(s) (if different from 3.):
5. Date of the transaction (and date on which the threshold is crossed or reached if different):	03/06/09
6. Date on which issuer notified:	04/06/09
7. Threshold(s) that is/are crossed or reached:	Decrease from 11.41% to 8.44%
8. Notified details:	Sale of 1,836,210 shares

A: Voting rights attached to shares
Class/type of shares if possible using the ISIN CODE	Situation previous to the Triggering transaction		Resulting situation after the triggering transaction
	Number of Shares	Number of Voting Rights viii	Number of shares	Number of voting rights ix		% of voting rights
			Direct	Direct x	Indirect xi	Direct	Indirect
Ordinary Shares Sedol B2RBZQ0	7,057,965	11.41%	N/A	N/A	5,221,755	N/A	8.44%

B: Financial Instruments
Resulting situation after the triggering transaction xii
Type of financial instrument	Expiration date xiii	Exercise/ Conversion Period/ Date xiv	Number of voting rights that may be acquired if the instrument is exercised/ converted.	% of voting rights

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

Newton Investment Management Limited hold these shares as a discretionary Investment Manager.

Proxy Voting:
10. Name of the proxy holder:	N/A
11. Number of voting rights proxy holder will cease to hold:	N/A
12. Date on which proxy holder will cease to hold voting rights:	N/A