6 Feb 2008 10:58
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):
M&G Recovery Investment Company Limited
2. Reason for the notification 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 An event changing the breakdown of voting rights Other (please specify):
3. Full name of person(s) subject to the notification Prudential plc group of obligation (iii):
companies
4. Full name of shareholder(s) (if different from 3.) See attached schedule (iv):
5. Date of the transaction (and date on which the 4 February 2008 threshold is crossed
or reached if different) (v): 6. Date on which issuer notified: 6 February 2008 7. Threshold(s) that is/are crossed or reached: 83% 8. Notified details:
A: Voting rights attached to shares
Class/type Situation previous to Resulting situation after the triggering
of shares the Triggering transaction (vii) if possible transaction (vi) using the ISIN CODE Number Number Number Number of voting % of voting of of of rights (ix) rights Shares Voting shares Rights (viii) Direct Direct Indirect Direct Indirect (x) (xi) GB0031194086 98,275,726 98,275,726 98,183,709 98,183,709 82.99%
B: Financial Instruments
Resulting situation after the triggering transaction (xii)
Type of Expiration Exercise/ Number of voting % of voting financial date (xiii) Conversion rights that may be rights instrument Period/ Date acquired if the (xiv) instrument is exercised/converted N/A N/A N/A N/A N/A Total (A+B) Number of voting rights % of voting rights 98,183,709 82.99%
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable (xv):
Prudential plc (parent Company) M&G Group Limited (wholly owned subsidiary of Prudential plc) M&G Limited (wholly owned subsidiary of M&G Group Limited)
M&G Investment Management Limited (wholly owned subsidiary of M&G Limited)
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 N/A rights: 13. Additional information: 14. Contact name: Emma Thompson M&G Investment Management Limited 15. Contact telephone number: 020 7548 2293
Annex Notification Of Major Interests In Shares (xvi)
A: Identity of the person or legal entity subject to the notification obligation Full name (including legal form for legal entities) Contact address (registered office for legal entities) Phone number Other useful information (at least legal representative for legal persons) B: Identity of the notifier, if applicable (xvii) Full name Contact address Phone number Other useful information (e.g. functional relationship with the person or legal entity subject to the notification obligation)
Notifiable Position Report as @ 2 October 2007
Percentage holdings are calculated using an issued share capital of 118,302,133 PACKAGE UNIT (2 ORD & 1'0' DIV PRE) shares.
Registered Holder Holding %
Prudential PLC NORTRUST NOMS LTD A/C MVC01 98,183,709 82.99
M&G Group Limited NORTRUST NOMS LTD A/C MVC01 98,183,709 82.99
M&G Investment NORTRUST NOMS LTD A/C MVC01 98,183,709 82.99 Management Limited
M&G Limited NORTRUST NOMS LTD A/C MVC01 98,183,709 82.99
C: Additional information
Kleinwort Benson (Channel Islands) Fund Services Limited Secretary
01481 727111
M & G RECOVERY INVESTMENT COMPANY LIMITED