Disclosure of Interest

Equest Investments Balkans Ltd
23 April 2007


COMPANY ANNOUNCEMENT


For Immediate Release                                                                      23 April 2007


Equest Investments Balkans Limited

                                                    (the 'Company')

Re:  Disclosure of Interest



The Directors of the Company wish to announce that Carmignac Gestion is
interested in 960,300 shares in the issued share capital of the Company
representing 5.543% of the issued share capital.



Enquiries:


Equest Investments Balkans Limited                   Kari Haataja
                                                     Phone:  [phone]

RSM Robson Rhodes LLP                                Noeleen Neary
                                                     Phone: + 353 1 436 6400







This announcement has been issued through the Companies Announcement Service of

                           The Irish Stock Exchange.














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