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

Coolabi Plc 

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 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:

GAM International Management Limited

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

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

19th November 2008 

6. Date on which issuer notified:

21st November 2008

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

4%

8. Notified details:

Placing

A: Voting rights attached to shares

Class/type of shares if possible using the ISIN CODE

Situation previous to the Triggering transaction

Resulting situation after the triggering transaction

Number of Shares

Number of Voting Rights

Number of shares

Number of voting rights

% of voting rights

Direct

Direct

Indirect

Direct

Indirect

Ordinary shares

413,576

413,576

1,663,576

1,663,576

N/A

4.91%

N/A

B: Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date

Exercise/ Conversion Period/ Date

Number of voting rights that may be acquired if the instrument is exercised/ converted.

% of voting rights

Total (A+B)

Number of voting rights

% of voting rights

1,663,576

4.91%

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

GAM International Management Limited is the discretionary investment manager for the following:

Period of Interest: 6 November 2008 to 21 November 2008

Securities: Coolabi PLC Ord. GBP0.01

ISIN: GB00B28PL418

SEDOL: B28PL41

Uptix Code: B28PL41

No. of shares in issue: 33,901,043.00

Proxy Voting:

10. Name of the proxy holder:

   Institutional Shareholder Services 

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:

15. Contact telephone number:

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 2NX

Phone number 

020 7917 2346

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

B:     Identity of the notifier, if applicable

Full name 

Kemi Thomas

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)

C:    Additional information