Conversion Between Classes June 2008

    RNS Number : 9121A
  Goldman Sachs Dynamic Opportunities
  08 August 2008
   

    Goldman Sachs Dynamic Opportunities Limited (the "Company")

    C Share Conversion Ratios

    On the basis of the net asset values of the Company's Ordinary Shares and C Shares as at 30 June 2008 (as previously announced), the C
Share Conversion Ratios, calculated in accordance with the Company's prospectus dated 2 May 2008, are as follows:

 0.8580 GBP Shares for every one C GBP Share

 0.6046 EUR Shares for every one C EUR Share

 0.4704 US$ Shares for every one C US$ Share


    On the basis of the Conversion Ratios:

 a holder of 1,000 C GBP Shares will receive 858 GBP Shares on Conversion

 a holder of 1,000 C EUR Shares will receive 604 EUR Shares on Conversion

 a holder of 1,000 C US$ Shares will receive 470 US$ Shares on Conversion


    The expected timetable to C Share Conversion is as follows:

                                                                          2008

 Record date for Conversion                                    5pm on 8 August


 C Share registers close                                       5pm on 8 August

 Conversion Time                                                    11 August 


 C Shareholder CREST or Euroclear accounts credited with new   By 8.00am on 11
 Ordinary Shares (of the relevant class)                                August

    Conversion between Ordinary Share Classes

    In respect of the June 2008 Conversion Calculation Date and on the basis of the net asset values of the Company's Ordinary Shares as at
30 June 2008 (and using spot currency exchange rates as appropriate, in each case as at 30 June 2008), the Conversion Ratios, calculated in
accordance with the Company's articles of association are as follows:

 1.0922 US$ Shares for every one GBP Share

 0.8914 EUR Shares for every one GBP Share

 1.1218 GBP Shares for every one EUR Share

 0.9156 GBP Shares for every one US$ Share


    The expected timetable to Conversion is as follows:

                                                                          2008

 Conversion Time                                                     11 August


 Ordinary Shareholder CREST or Euroclear accounts credited        By 8.00am on
 with new Ordinary Shares (of the relevant class)                    11 August

    Admission to the Official List and to trading on the London Stock Exchange

    In aggregate, taking into account both the C Share Conversions and the Class Conversions, application has been made to the UK Listing
Authority for 78,989,207 new GBP Shares of no par value and 16,517,020 new EUR Shares of no par value to be admitted on the Official List.
Application has also been made for such Shares to be admitted to trading on the London Stock Exchange. It is expected that such admissions
will be effective and that dealings in the new Shares will commence on 11 August 2008.

    Accordingly, the Company's issued share capital with effect from 11 August 2008 (excluding US$ Shares held in treasury as at 8 August
2008) will be as follows:

 £ Shares    256,876,860

 EUR Shares  58,668,568

 US$ Shares  50,599,682

    All shareholders have equal voting rights based on the number of shares held. Accordingly, the total number of voting rights in the
Company is 366,145,110 and this figure may be used by shareholders as the denominator for the calculations by which they will determine if
they are required to notify their interest in, or a change to their interest in the Company under the FSA's Disclosure and Transparency
Rules.

    Enquiries:

 Robin Amer                Tel: [phone]
 RBC Offshore Fund
 Managers Limited


This information is provided by RNS
The company news service from the London Stock Exchange
 
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