Notification of Major Interest

    RNS Number : 4862Z
  Vision Opportunity China Fund Ltd
  21 July 2008
   

    Form TR-1 with annex. FSA Version 2.1 updated April 2007

 For filings with the FSA include the annex
 For filings with issuer exclude the annex 

 TR-1: Notifications of Major Interests in Shares

                                                       Vision Opportunity China Fund Limited
 1. Identity of the issuer or the underlying issuer
 of existing shares to which voting rights are
 attached:

 2. Reason for notification (yes/no)
                                                                             Yes
 An acquisition or disposal of voting rights
                                                                             No
 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 (please specify):______________
                                 Carrousel Capital Ltd Investment Manager
 3. Full name of person(s)
 subject to notification
 obligation:
                                 The Carrousel Fund Ltd and The Carrousel Fund II Ltd
 4. Full name of shareholder(s)
 (if different from 3):
                                 17 July 2008
 5. Date of transaction (and
 date on which the threshold is
 crossed or reached if
 different):
                                 18 July 2008
 6. Date on which issuer
 notified:
                                 19.00%
 7. Threshold(s) that is/are
 crossed or reached:





 8: Notified Details
 A: Voting rights attached to shares

 Class/type of shares  Situation previous to the triggering        Resulting situation after the triggering transaction
 If possible use ISIN  transaction
 code






 GG00B28DJ748

                           Number of shares      Number of voting  Number of shares  Number of voting       Percentage of voting
                                                           rights                    rights                 rights



                                 17,000,000                              19,500,000
                                                       17,000,000


                                                                                     Direct       Indirect  Direct        Indirect
                                                                                     19,                    19.50%
                                                                                     500,
                                                                                     000

 B: Financial Instruments

 Resulting situation after the triggering transaction

 Type of financial instrument  Expiration date  Exercise/ conversion  No. of voting rights  Percentage of voting
                                                period/date           that may be acquired  rights
                                                                      (if the instrument
                                                                      exercised/converted)




 Total (A+B)

 Number of voting rights  Percentage of voting rights
 19,500,000               19.50%



 9. Chain of controlled undertakings through which the voting rights and /or
 the financial instruments are effectively held, if applicable:
 Carrousel Capital Ltd's Prime Broker - JP Morgan - hold the shares in
 nominees accounts

 Proxy Voting:

 10. Name of 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:             David Benway, Director &
                              Adam Benowitz, Portfolio
                                               Manager
                              Vision Opportunity China
                                                  Fund
                                       www.vocfund.com

 15. Contact telephone name:  [phone]



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