LCP Lon.Asia China

RNS Number:7376W
London Asia Chinese Private Equity
17 May 2007

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):

London Asia Chinese Private Equity Fund Limited



2. Reason for the notification (please 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 obligation (iii):

QVT Financial LP



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

QVT Fund LP



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

14/05/07



6. Date on which issuer notified:

16/05/07



7. Threshold(s) that is/are crossed or reached:

9%



8. Notified details:







A: Voting rights attached to shares


Class/type of shares if possible           Situation previous to the Triggering transaction (vi)
using the ISIN CODE
                                  Number of shares                   Number of voting Rights (viii)


GB00B0XF7K04                      Below 5%                           Below 5%





Resulting situation after the triggering transaction (vii)


Class/type of shares if      Number of shares         Number of voting rights (ix)      % of voting rights
possible using the ISIN CODE
                             Direct                   Direct (x)   Indirect (xi)        Direct      Indirect


GB00B0XF7K04                 4,600,000                             4,600,000                        9.20%



B: Financial Instruments

Resulting situation after the triggering transaction (xii)


Type of         Expiration Date       Exercise/Conversion       Number of voting rights     % of voting rights
financial       (xiii)                Period/ Date (xiv)        that may be acquired if the
instrument                                                      instrument is exercised/
                                                                converted.








Total (A+B)
Number of voting rights        % of voting rights


4,600,000                      9.20%



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



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:

Kevin Robins



15. Contact telephone number:

01481 731987


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

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