Forbes Ventures Plc - Holding(s) in Company PR Newswire

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

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

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 qualifying financial instruments which may
result in the acquisition of shares already issued to which voting rights
are attached

An acquisition or disposal of instruments with similar economic effect to
qualifying financial instruments

An event changing the breakdown of voting rights

Other (please specify):

3. Full name of person(s) subject to the          BEAUFORT NOMINEES LIMITED
notification obligation: iii

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

5. Date of the transaction and date on                    2nd December 2016
which the threshold is crossed or
reached: v

6. Date on which issuer notified:                         5th December 2016

7. Threshold(s) that is/are crossed or                             Below 9%
reached: vi, vii



   


8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type   Situation previous     Resulting situation after the triggering
of           to the triggering      transaction
shares       transaction

if possible  Number     Number      Number     Number of voting    % of voting
using        of         of          of shares  rights              rights x
the ISIN     Shares     Voting
CODE                    Rights      Direct     Direct xi  Indirect DirIndirect
                                                          xii      ect

ORD NPV      32,500,000 32,500,000  10,138,746 10,138,746          8.8
                                                                   9%
KYG361891016


B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of        ExpirationExercise/              Number of voting     % of voting
financial      date xiii Conversion Period xiv  rights that may be   rights
instrument                                      acquired if the
                                                instrument is
                                                exercised/
                                                converted.

C: Financial Instruments with similar economic effect to Qualifying Financial
Instruments xv, xvi

Resulting situation after the triggering transaction

Type of       Exercise  Expiration Exercise/   Number of voting     % of voting
financial     price     date xvii  Conversion  rights instrument    rights xix,
instrument                         period      refers to            xx
                                   xviii

                                                                    Nominal Delta

Total (A+B+C)

Number of voting rights              Percentage of voting rights

10,138,746                           8.89%



   


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

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:                                            Beaufort Nominees

15. Contact telephone number:                                    020 7382 8332



   


Note: Annex should only be submitted to the FSA not the issuer

Annex: Notification of major interests in sharesxxii

A: Identity of the persons or legal entity subject to the notification
obligation

Full name
(including legal form of legal entities)

Contact address
(registered office for legal entities)

Phone number & email

Other useful information
(at least legal representative for legal persons)

B: Identity of the notifier, if applicable

Full name

Contact address

Phone number & email

Other useful information
(e.g. functional relationship with the person or legal entity subject to the
notification obligation)

C: Additional information