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Queens Walk Inv Ltd (RECI)

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Tuesday 01 April, 2008

Queens Walk Inv Ltd

Holding(s) in Company


TR-1 (i) NOTIFICATION OF MAJOR INTERESTS IN SHARES

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

Queens Walk Investment Limited

2. Reason for the notification                                  State          
                                                                Yes/No         
                                                                               
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 the notification      Funds under the     
obligation (iii):                                      discretionary management
                                                          of Laxey Partners    
                                                               Limited         
                                                                               
4. Full name of shareholder(s) (if different from 3.)  Credit Suisse Securities
(iv):                                                     (Europe) LTD Prime   
                                                        Brokerage Clients and  
                                                       Vidacos Nominees Limited
                                                                               
5. Date of the transaction (and date on which the           19 March 2008      
threshold is crossed or reached if different) (v):                             
                                                                               
6. Date on which issuer notified:                              01.04.08        
                                                                               
7. Threshold(s) that is/are crossed or reached:                Over 5%         
                                                                               
8. Notified details:                                             N/A           

A: Voting rights attached to shares

 Class/type of       Situation       Resulting situation after the triggering  
     shares         previous to                 transaction (vii)              
  if possible     the Triggering                                               
 using the ISIN  transaction (vi)                                              
      CODE                                                                     
                                                                               
                  Number   Number   Number    Number of voting    % of voting  
                    of       of       of        rights (ix)         rights     
                  Shares   Voting   shares                                     
                           Rights                                              
                           (viii)                                              
                                                                               
                                    Direct    Direct   Indirect Direct Indirect
                                                (x)      (xi)                  
                                                                               
GB00B0HW5366     N/A      N/A      1,857,764 1,857,764          6.04%          
                                                                               

B: Financial Instruments

Resulting situation after the triggering transaction (xii)

   Type of     Expiration       Exercise/        Number of voting       % of   
  financial    date (xiii)      Conversion      rights that may be     voting  
 instrument                 Period/ Date (xiv)    acquired if the      rights  
                                                    instrument                 
                                                   is exercised/               
                                                     converted                 
                                                                               

Total (A+B)                                                                    
                                                                               
Number of voting rights                 % Of voting rights                     
                                                                               
1,857,764 shares                        6.04%                                  

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



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:                                                              
                                                                               
15. Contact telephone number:                                                  

Annex Notification Of Major Interests In Shares (xvi)

A: Identity of the person or legal entity subject to the                       
notification obligation                                                        
                                                                               
Full name (including legal form for legal entities)        Laxey Partners      
                                                           Limited             
                                                                               
Contact address (registered office for legal entities)     The Old Chapel,     
                                                           Summerhill Road     
                                                                               
                                                           Onchan, Isle of Man,
                                                           IM3 1NA             
                                                                               
Phone number                                               + 44 (0) 1624 690900
                                                                               
Other useful information (at least legal representative                        
for legal persons)                                                             
                                                                               
B: Identity of the notifier, if applicable (xvii)                              
                                                                               
Full name                                                  As Above            
                                                                               
Contact address                                                                
                                                                               
Phone number                                                                   
                                                                               
Other useful information (e.g. functional relationship                         
with the person                                                                
or legal entity subject to the notification obligation)                        

C: Additional information

Kleinwort Benson (Channel Islands) Fund Services Limited                       
                                                                               
Company Secretary                                                              
                                                                               
+44 (0) 1481 727111