Holding(s) in Company

Cyan Holdings Plc
02 May 2008


TR-1(i):               notification of major interests in shares

1. Identity of the issuer or the underlying issuer of existing              Cyan Holdings plc
shares to which voting rights are 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 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                Allianz SE
(iii):

4. Full name of shareholder(s) (if different from 3.)(iv):                Allianz Insurance plc

5. Date of the transaction (and date on which the threshold is              30 April 2008
crossed or reached if different)(v):

6. Date on which issuer notified:                                             2 May 2008

7. Threshold(s) that is/are crossed or reached:                                       3%

8. Notified details:





A: Voting rights attached to shares
Class/type of    Situation previous to Resulting situation after the triggering transaction(vii)
shares           the Triggering
                 transaction (vi)
 if possible     Number of  Number of  Number of    Number of voting rights   % of voting rights
using the ISIN   Shares     Voting     shares       ix
CODE                        Rights
                            viii       Direct       Direct  x    Indirect xi  Direct       Indirect



GB00B0P66Q02     1,600,000  1,600,000   4,477,295    4,477,295                 3.206%


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



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

4,477,295                                          3.206%


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 Allianz Insurance plc.  Dresdner Kleinwort Group Limited is a subsidiary
of Dresdner Bank, AG ('Dresdner').  Dresdner is a direct subsidiary of Allianz Finanzbetreiligungs 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:                                 Andrew Lee, Finance Director
15. Contact telephone number:                     [phone]



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