TR-1 Notification

Park Plaza Hotels Limited
16 August 2007



                                                                  16 August 2007



                           PARK PLAZA HOTELS LIMITED



             Notification of Major Interest in Shares - Correction



This announcement replaces that of the same name released today at 12.27pm.  The
only changes are to Part 7 - Threshold, which is 18%, and Part 8 - Percentage of
Voting Rights, which is 18.3%.




TR-1: Notifications of Major Interests in Shares
                                                                        Park Plaza Hotels Limited

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


2. Reason for notification (yes/no)
                                                                                                      Yes

An acquisition or disposal of voting rights


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):______________
                                                              Molteno Limited

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

4. Full name of shareholder(s) (if different from 3):
                                                              17 July 2007

5. Date of transaction (and date on which the threshold is
crossed or reached if different):
                                                              19 July 2007

6. Date on which issuer notified:
                                                              18%

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


8: Notified Details
A: Voting rights attached to shares


Class/type of    Situation previous to the     Resulting situation after the triggering transaction
shares           triggering transaction
                 Number of      Number of      Number of      Number of voting rights     Percentage of voting rights
If possible use  shares         voting rights  shares
ISIN code

                                                              Direct        Indirect      Direct         Indirect
Ordinary      N/A                   N/A         7,500,000     7,500,000          -                  18.3%
-

Shares


B: Financial Instruments


Resulting situation after the triggering transaction


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




Total (A+B)


Number of voting rights                                     Percentage of voting rights
7,500,000                                                   17.7%


9. Chain of controlled undertakings through which the voting rights and /or the financial instruments are effectively
held, if applicable:
Molteno Limited is wholly owned by the Princeton Trust, a discretionary trust established under the laws of the British
Virgin Islands by Boris Ivesha.


Proxy Voting:


10. Name of proxy holder:                                   N/A


11. Number of voting rights proxy holder will cease to      N/A
hold:


12. Date on which proxy holder will cease to hold voting    N/A
rights:





13. Additional information:                                 N/A


14 Contact name:                                            Mark Sieff






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