RNS Number : 7770K
  Close European Accelerated Fund Ltd
  24 December 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

                                                       Close European Accelerated 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)
                                                                             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):______________
                                                 Societe Generale Option Europe
 3. Full name of person(s)
 subject to notification
 obligation:
                                                               N/A
 4. Full name of shareholder(s)
 (if different from 3):
                                                        23 December 2008
 5. Date of transaction (and
 date on which the threshold is
 crossed or reached if
 different):
                                                        24 December 2008
 6. Date on which issuer
 notified:
                                                               3%
 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 code  transaction
                            Number of shares      Number of voting      Number of shares  Number of voting       Percentage of voting
                                                  rights                                  rights                 rights

                                                                                          Direct  Indirect       Direct        Indirect
 Participating Shares


 GB00B0DB8N84                          4,000,000             4,000,000                 0       0              0            0%        0%

 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
            0                         0%


 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:               Anson Fund Managers Limited

 15. Contact telephone number:  01481 722260



    E&OE - in transmission

    END OF ANNOUNCEMENT

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