Holding in Company

RNS Number : 6480Y
Caspian Holdings plc
09 July 2008

NOTIFICATION OF INTEREST IN TOTAL VOTING RIGHTS

A form TR-1 containing the following information has been received by the Company.

TR-1 notification of major interests in shares

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

Caspian Holdings plc

2. Reason for the notification

A disposal of voting rights

3. Full name of person(s) subject to the notification obligation:

Harbert Fund Advisors, Inc., in its capacity as investment adviser to (i) Harbinger Capital Partners Master Fund I, Ltd. and (ii)
Harbinger Capital Partners Special Situations Fund, L.P.

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

Harbinger Capital Partners Master Fund I, Ltd. and Harbinger Capital Partners Special Situations Fund, L.P.

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

Threshold crossed during trading on 4 July 2008

6. Date on which issuer notified:

09 July 2008

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 using transaction
the ISIN CODE
Number of Shares Number of Voting Number of shares Number of voting % of voting
Rights rights rights
Direct Direct Indirect Direct Indirect
Ordinary Shares Above 5% Above 5% 4,850,000 4,850,000 4.91%
ISIN Code:
GB00B0358H47

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

Total (A+B)
Number of voting rights % of voting rights
4,850,000 4.91%

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

Harbert Fund Advisors, Inc. serves as an investment adviser to (i) Harbinger Capital Partners Master Fund I, Ltd. and (ii) Harbinger
Capital Partners Special Situations Fund, L.P. Harbert Fund Advisors, Inc. is an indirect, wholly-owned subsidiary of Harbert Management
Corporation.

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 cease to hold voting rights:

N/A

13. Additional information:

N/A

This information is provided by RNS
The company news service from the London Stock Exchange

END

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