11 May 07

RNS Number:4346W
Coolabi PLC
11 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):
   Coolabi plc
   
2. Reason for the notification (please state Yes/No): ( ) 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): ( Yes - IPO )
   
3. Full name of person(s) subject to the notification obligation (iii):
   GAM INTERNATIONAL MANAGEMENT LTD
   
4. Full name of shareholder(s) (if different from 3.) (iv):
   N/A
   
5. Date of the transaction (and date on which the threshold is crossed or reached if different) (v):
   May 2007
   
6. Date on which issuer notified:
   May 2007
   
7. Threshold(s) that is/are crossed or reached:
   5% (IPO)
   
8. Notified details:
   A: Voting rights attached to shares
   Situation previous to the Triggering transaction
   
   

   Class/type of shares if possible using the ISIN CODE	Number of shares	Number of voting Rights (viii)
   GB0006877822	n/a	n/a

   
   Resulting situation after the triggering transaction
   
   

   Class/type of shares if possible using the ISIN CODE	Number of shares	Number of voting rights		% of voting rights
   Direct	Direct	Direct	Indirect	Direct	Indirect
   GB0006877822	33,333,334	33,333,334	nil	nil	6.759498

   
   B: Financial Instruments
   Resulting situation after the triggering transaction (xii)
   
   

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

   
   Total (A+B)
   
   

   Number of voting rights	% of voting rights
   33,333,334	6.795498

   
   
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable (xv):
   
   GAM INTERNATIONAL MANAGEMENT LIMITED IS THE DISCRETIONARY INVESTMENT MANAGER FOR THE FOLLOWING FUNDS/HOLDINGS
   
   NB - percentages are of total shares in issue (490,520,871)
   
   Coolabi
   
   Number of shares in issue 490,520,871.00
   Report details to 03 May 2007
   

   Fund Name	Last Trade Date	Nominal	% of issue
   GAM Star UK Dynamic Equity Investments	30 Apr 2007	10,191,734.00	2.078
   GAM UK Equity Hedge Investments Inc.	30 Apr 2007	23,141,600.00	4.718
   Totals		33,333,334.00	6.795

   
   Pic IPO
   
   Proxy Voting: 
10. Name of the proxy holder:
    INSTITUTIONAL SHAREHOLDER SERVICES 
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:
    n/a 
15. Contact number:
    n/a

Annex to Notification Of Major Interests In Shares (xvi)

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

Full name (including legal form for legal entities):
GAM INTERNATIONAL MANAGEMENT LIMITED

Contact address (registered office for legal entities):
12 ST. JAMES'S PLACE, LONDON, SW1A 1NX

Phone number
020 7493 9990

Other useful information (at least legal representative for legal persons):
FIONA NEWLANDS

B: Identity of the notifier, if applicable (xvii)

Full name:
LEONARD CORDARO

Contact address:
AS ABOVE

Phone number:
AS ABOVE

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

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

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