Holding(s) in Company

RNS Number:8103X
Principle Capital Holdings S.A.
05 June 2007


Principle Capital Holdings SA
5 June 2007

TR-1: NOTIFICATION OF MAJOR INTERESTS IN SHARES

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

2. Reason for the notification (please 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: (No)

An event changing the breakdown of voting rights: (No)

Other: (No)

3. Full name of person(s) subject to the notification obligation: QVT Financial LP

4. Full name of shareholder(s) (if different from 3.): QVT Fund LP

5. Date of the transaction (and date on which the threshold is crossed or
reached if different): 31 May 2007

6. Date on which issuer notified: 4 June 2007

7. Threshold(s) that is/are crossed or reached: 5%

8. Notified details: N/A

A: Voting rights attached to shares

Class/type of shares               Situation previous to the Triggering transaction
(ISIN CODE)
                                  Number of shares                    Number of voting Rights

Ordinary Shares                      1'000'000                                 1'000'000

Resulting situation after the triggering transaction (vii)

Class/type of shares               Number of shares          Number of voting rights            % of voting rights
(ISIN CODE)                                                  Direct   Indirect                  Direct      Indirect

Ordinary Shares                    1'000'000                          below 5%                               below 5%

B: Financial Instruments

Resulting situation after the triggering transaction

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

N/A             N/A                  N/A                       N/A                         N/A

Total (A+B)

Number of voting rights            % of voting rights

Below 5%                           Below 5%

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

N/A

Proxy Voting:

10. Name of the proxy holder:                                    N/A

11. Number of voting rights proxy holder will cease to hold:     N/A

12. Date on which proxy holder will cease to hold voting rights: N/A

13. Additional information:         N/A

14. Contact name:                   Lars Bader

15. Contact telephone number:       [phone]






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