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Queens Walk Inv Ltd (RECI)

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Friday 25 July, 2008

Queens Walk Inv Ltd

Holding(s) in Company


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

Queen's Walk Investment Limited

2. Reason for the notification                                  State          
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      Lehman Brothers     
obligation (iii):                                       International (Europe) 
4. Full name of shareholder(s) (if different from 3.)                          
5. Date of the transaction (and date on which the             23/07/2008       
threshold is crossed or reached if different) (v):                             
6. Date on which issuer notified:                              25/07/08        
7. Threshold(s) that is/are crossed or reached:                   4%           
8. Notified details:                                             N/A           

A: Voting rights attached to shares

 Class/type of  Situation previous    Resulting situation after the triggering  
    shares              to                       transaction (vii)              
  if possible     the Triggering                                                
using the ISIN   transaction (vi)                                               
                 Number    Number    Number    Number of voting    % of voting  
                   of        of        of        rights (ix)         rights     
                 Shares    Voting    shares                                     
                                     Direct    Direct   Indirect Direct Indirect
                                                 (x)      (xi)                  
GB00B0HW5366    1,794,106 1,794,106 1,482,422 1,482,422          4.91%          

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  
                                                   is exercised/               

Total (A+B)                                                                    
Number of voting rights                 % Of voting rights                     
1,482,422                               4.91%                                  

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                       

13. Additional information:                                                    
14. Contact name:                                             Tara O'Hagan/    
15. Contact telephone number:                                 +44 (0)20 7102   
                                                              1832/ + 44 (0)20 
                                                              7102 8709        

Additional information

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