Holding(s) in Company

    RNS Number : 5737L
  New Star Financial Opp Fd Ltd
  13 January 2009
   

    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 (ii):
    New Star Financial Opportunities Fund Limited

    2. Reason for the notification (please state Yes/No): ( )

    An Acquisition or disposal of voting rights - Yes


    3. Full name of person(s) subject to the notification obligation (iii):
    New Star Asset Management Limited

    4. Full name of shareholder(s) (if different from 3.) (iv):
    See note 9

    5. Date of the transaction (and date on which the threshold is crossed or reached if different) (v):
    12 January 2009

    6. Date on which issuer notified:
    13 January 2009

    7. Threshold(s) that is/are crossed or reached:
    Below 25%

    8. Notified details


    A: Voting rights attached to shares

 Class/type of shares if               Situation previous to the Triggering transaction (vi)
 possible using the ISIN CODE
                                 Number of shares      Number of voting Rights (viii)

 Ordinary shares                 10,055,717            10,055,717
 GB0003286837


    Resulting situation after the triggering transaction (vii)

 Class/type of shares if         Number of shares   Number of voting rights (ix)  % of voting rights
 possible using the ISIN CODE
                                                    Direct (x)   Indirect (xi)    Direct   Indirect

 Ordinary shares                 8,193,334                       8,193,334                 21.49%
 GB0003286837

    B: Financial Instruments
    Resulting situation after the triggering transaction (xii)

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

    Total (A+B)
 Number of voting rights  % of voting rights

 8,193,334                21.49%

    9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable
(xv):
    New Star UK Strategic Capital Unit Trust 2,000,000
    New Star UK Strategic Income Unit Trust 3,800,000
    New Star Cautious Portfolio 2,350,242
    Private clients 43,092 

    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:
    Elysium Fund Management Limited

    15. Contact telephone number:
    01481 810100



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