NSAI Newstar AB Inc

    RNS Number : 6407V
  New Star Absolute Return Fund PCC 
  30 May 2008
   


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

 TR-1: Notifications of Major Interests in Shares

 1. Identity of the issuer or the    New Star Absolute
 underlying issuer of existing       Return Fund PCC
 shares to which voting rights are   Limited
 attached:


 2. Reason for notification (yes/no)
                                                                               X
 An acquisition or disposal of voting rights

 An acquisition or disposal of financial instruments which may result in the
 acquisition of shares already issued to which voting rights are attached 

 An event changing the breakdown of voting rights

 Other (please specify):______________

 3. Full name of person(s)        New Star Asset
 subject to notification          Management Limited
 obligation:
                                  New Star Leveraged
 4. Full name of shareholder(s)   Managed Hedge Fund -
 (if different from 3):           Cust
                                  19 May 2008
 5. Date of transaction (and
 date on which the threshold is
 crossed or reached if
 different):
                                  20 May 2008 
 6. Date on which issuer
 notified:
                                  23%
 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
                       Number of shares      Number of voting      Number of shares  Number of voting        Percentage of voting
                                             rights                                  rights                  rights

                                                                                     Direct  Indirect        Direct       Indirect
 Growth Shares         4,605,000             4,605,000                                       4,455,000                    23.66%
 SEDOL B17K924




 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
 4,455,000                23.66%



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


 Proxy Voting:

 10. Name of 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:             n/a

 15. Contact telephone name:  n/a


    For notes on how to complete form TR-1 please see the FSA website. 
This information is provided by RNS
The company news service from the London Stock Exchange
 
  END 
 
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