RNS Number:2329T
Close European Accelerated Fund Ltd
19 March 2007


TR-1:               NOTIFICATION OF MAJOR INTERESTS IN SHARES 

1. Identity of the issuer or the underlying     Close European Accelerated 
issuer of existing shares to which voting              Fund Limited  
rights are attached:

2. Reason for the notification     (please tick the appropriate box or boxes)

An acquisition or disposal of voting rights                                X
                             
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        Societe Generale Option Europe
notification obligation:                             

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

5. Date of the transaction (and date on                  9 March 2007
which the threshold is crossed or reached            
if different):

6. Date on which issuer notified:                        15 March 2007
                      
7. Threshold(s) that is/are crossed or                        10%
reached:                                                         

8. Notified details:
                             



A: Voting rights attached to shares

Class/type  Situation previous to the  Resulting situation after 
of shares   Triggering transaction     the triggering transaction
if possible
using the     Number of  Number of   Number of  Number of voting % of voting
ISIN CODE     Shares     Voting      shares     rights           rights
                         Rights     Direct     Direct  Indirect  Direct Indirect
Participating 2.925,000 2,925,000   4,270,060  4,270,060  0     10.79%      0
Shares
GB00B0DB8N84


B: Financial Instruments
Resulting situation after the triggering transaction
Type of      Expiration  Exercise/    Number of voting rights that may    % of
financial    date         Conversion  be acquired if the instrument is   voting
instrument              Period/       exercised/ converted.              rights
                         Date


Total (A+B)
Number of voting rights                      % of voting rights
     4,270,060                                     10.79%





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 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:                             Anson Fund Managers Limited

15. Contact telephone number:                         01481 722260




19 March 2007

E&OE - in transmission




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END
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