TIDMSPPC
+------------------------------------------------------------------------------+
|TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) |
+------------------------------------------------------------------------------+
+----------------------------------------------+-------------------------------+
|1. Identity of the issuer or the underlying | |
|issuer | St. Peter Port Capital Ltd.|
|of existing 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 | YES |
+-------------------------------------------------------------------+----------+
|An acquisition or disposal of qualifying financial instruments | |
|which may result in the acquisition of shares already issued to | NO |
|which voting rights are attached | |
+-------------------------------------------------------------------+----------+
|An acquisition or disposal of instruments with similar economic | NO |
|effect to qualifying financial instruments | |
+-------------------------------------------------------------------+----------+
|An event changing the breakdown of voting rights | NO |
+-------------------------------------------------------------------+----------+
|Other (please specify): | |
+--------------------------------------+----------------------------+----------+
|3. Full name of person(s) subject to | |
|the | DALTON INVESTMENTS LLC|
|notification obligation:(iii) | |
+--------------------------------------+---------------------------------------+
| | 1. Discretionary accounts for Dalton|
|4. Full name of shareholder(s) | Investments LLC|
|(if different from 3.):(iv) | 2. Discretionary Account for Rosenwald|
| | Capital Management|
| | |
+--------------------------------------+---------------------------------------+
|5. Date of the transaction and date on| |
|which the threshold is crossed or | March 7, 2012|
|reached:(v) | |
+--------------------------------------+---------------------------------------+
|6. Date on which issuer notified: | March 16, 2012|
+--------------------------------------+---------------------------------------+
|7. Threshold(s) that is/are crossed or| 5%|
|reached:(vi, vii) | |
+--------------------------------------+---------------------------------------+
+--------------------------------------------------------------------------------------+
|8. Notified details: |
+--------------------------------------------------------------------------------------+
|A: Voting rights attached to shares(viii, ix) |
+----------+---------------------+-----------------------------------------------------+
|Class/type|Situation previous |Resulting situation after the triggering transaction |
|of |to the triggering | |
|shares |transaction | |
| +---------+-----------+------------+------------------------+---------------+
|if |Number |Number |Number |Number of voting |% of voting |
|possible |of |of |of shares |rights |rights(x) |
|using | ares |Vo ing +------------+----------+-------------+------+--------+
|the ISIN | |Rights |Direct |Direct(xi)|Indirect(xii)|Direct|Indirect|
|CODE | | | | | | | |
+----------+---------+-----------+------------+----------+-------------+------+--------+
| | | | | | | | |
| |5,740,600|5,740,600 |6,090,600 |6,090,600 | |8.93% | |
| | | | | | | | |
+----------+---------+-----------+------------+----------+-------------+------+--------+
+--------------------------------------------------------------------------------------+
|B: Qualifying Financial Instruments |
+--------------------------------------------------------------------------------------+
|Resulting situation after the triggering transaction |
+------------+----------+----------------------+-------------------------+-------------+
|Type of |Expiration|Exercise/ |Number of voting |% of voting |
|financial |date(xiii)|Conversion Period(xiv)|rights that may be |rights |
|instrument | | |acquired if the | |
| | | |instrument is | |
| | | |exercised/ converted. | |
+------------+----------+----------------------+-------------------------+-------------+
|n/a |n/a |n/a |n/a |n/a |
+------------+----------+----------------------+-------------------------+-------------+
+--------------------------------------------------------------------------------------+
|C: Financial Instruments with similar economic effect to Qualifying Financial |
|Instruments(xv, xvi) |
+--------------------------------------------------------------------------------------+
|Resulting situation after the triggering transaction |
+-----------+--------+----------+-------------+-------------------------+--------------+
|Type of |Exercise|Expiration|Exercise/ |Number of voting rights |% of voting |
|financial |price |date(xvii)|Conversion |instrument refers to |rights(xix, |
|instrument | | |period(xviii)| |xx) |
| | | | | | |
+-----------+--------+----------+-------------+-------------------------+-------+------+
| | | | |n/a |Nominal|Delta |
|n/a |n/a |n/a |n/a | +-------+------+
| | | | | | | |
+-----------+--------+----------+-------------+-------------------------+-------+------+
+--------------------------------------------------------------------------------------+
|Total (A+B+C) |
+---------------------------------+----------------------------------------------------+
|Number of voting rights |Percentage of voting rights |
+---------------------------------+----------------------------------------------------+
|6,090,600 |8.93 |
+---------------------------------+----------------------------------------------------+
+------------------------------------------------------------------------------+
|9. Chain of controlled undertakings through which the voting rights and/or the|
|financial instruments are effectively held, if applicable:(xxi) |
+------------------------------------------------------------------------------+
| |
| |
+------------------------------------------------------------------------------+
+------------------------------------------------------------------------------+
|Proxy Voting: |
+-----------------------------------------------+------------------------------+
| | 1. Discretionary accounts for|
| | Dalton Investments LLC|
|10. Name of the proxy holder: | 2. Discretionary account for|
| | Rosenwald Capital Management|
| | Inc.|
+-----------------------------------------------+------------------------------+
|11. Number of voting rights proxy holder will | |
|cease | n/a|
|to hold: | |
+-----------------------------------------------+------------------------------+
|12. Date on which proxy holder will cease to | |
|hold | n/a|
|voting rights: | |
+-----------------------------------------------+------------------------------+
+-----------------------------+------------------------------------------------+
| | |
|13. Additional information: | This filing is aggregated for accounts listed|
| | above because of the affiliation between Dalton|
| |Investments LLC and Rosenwald Capital Management|
| | Inc. |
+-----------------------------+------------------------------------------------+
|14. Contact name: | Michelle Lynd|
+-----------------------------+------------------------------------------------+
|15. Contact telephone number:| (424) 231-9041|
+-----------------------------+------------------------------------------------+
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: St Peter Port Capital Limited via Thomson Reuters ONE
[HUG#1594756]
| 
