+------------------------------------------------+
| TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES |
+------------------------------------------------+
+-------------------------------------------------------------------+
| 1. Identity of the issuer or the | |
| underlying issuer of existing shares to | CQS Rig Finance Fund |
| which voting rights are attached: | Limited |
+-------------------------------------------------------------------+
+-------------------------------------------------------------------+
| 2 Reason for the notification (please tick the appropriate box or |
| boxes): |
|-------------------------------------------------------------------|
| | |
| An acquisition or disposal of voting rights | Yes |
|-------------------------------------------------------------+-----|
| | |
| 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 | |
| notification obligation: | Baillie Gifford & Co |
| | |
|--------------------------------------------+----------------------|
| 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: | 20-Nov-09 |
| | |
|--------------------------------------------+----------------------|
| 6. Date on which issuer notified: | |
| | 11-Dec-09 |
|--------------------------------------------+----------------------|
| 7. Threshold(s) that is/are crossed or | |
| reached: | 16% |
| | |
+-------------------------------------------------------------------+
+-------------------------------------------------------------------------------------+
|8. Notified details: |
|-------------------------------------------------------------------------------------|
|A: Voting rights attached to shares |
| |
|-------------------------------------------------------------------------------------|
|Class/type of |Situation previous |Resulting situation after the triggering |
|shares |to the triggering |transaction |
|if possible using|transaction | |
|the ISIN CODE |-------------------+-----------------------------------------------|
| |Number |Number |Number |Number of voting |% of voting rights|
| |of |of |of shares|rights | |
| |Shares |Voting |---------+-----------------+-------------------|
| | |Rights |Direct |Direct |Indirect |Direct |Indirect |
|-----------------+----------+--------+---------+-------+---------+--------+----------|
|Ordinary | | | | | | | |
|Share | | | | | | | |
|GG00B1GVK032 |14465100 |14.85% |16465100 | |16465100 | |16.90 |
| | | | | | | | |
|-----------------| | | | | | | |
| | | | | | | | |
+-------------------------------------------------------------------------------------+
+-------------------------------------------------------------------+
| B: Qualifying Financial Instruments |
|-------------------------------------------------------------------|
| Resulting situation after the triggering transaction |
| |
|-------------------------------------------------------------------|
| Type of | Expiration | Exercise/ | Number of voting | % of |
| financial | date | Conversion | rights that may | voting |
| instrument | | Period | be | rights |
| | | | acquired if the | |
| | | | instrument is | |
| | | | exercised/ | |
| | | | converted. | |
| | | | | |
|------------+------------+------------+------------------+---------|
| N/A | | | | |
+-------------------------------------------------------------------+
+--------------------------------------------------------------------------------+
|C: Financial Instruments with similar economic effect to Qualifying Financial |
|Instruments |
|--------------------------------------------------------------------------------|
|Resulting situation after the triggering transaction |
| |
|--------------------------------------------------------------------------------|
|Type of |Exercise |Expiration |Exercise/ |Number of |% of voting |
|financial |price |date |Conversion |voting |rights |
|instrument | | |period |rights | |
| | | | |instrument | |
| | | | |refers to | |
|--------------+----------+------------+------------+------------+---------------|
| | | | | |Nominal |Delta |
| | | | | | | |
| | | | | |--------+------|
|N/A | | | | | | |
+--------------------------------------------------------------------------------+
+-------------------------------------------------------+
| Total (A+B+C) |
| |
|-------------------------------------------------------|
| Number of voting rights | Percentage of voting rights |
|-------------------------+-----------------------------|
| 16465100 | 16.90 |
+-------------------------------------------------------+
+-------------------------------------------------------------------+
| 9. Chain of controlled undertakings through which the voting |
| rights and/or the |
| financial instruments are effectively held, if applicable: |
|-------------------------------------------------------------------|
| |
+-------------------------------------------------------------------+
+-------------------------------------------------------------------+
| Proxy Voting: |
| |
|-------------------------------------------------------------------|
| 10. Name of the proxy holder: | N/A |
| | |
|------------------------------------------------------------+------|
| 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: | Carrie Anderson |
| | |
|-------------------------------+-----------------|
| 15. Contact telephone number: | 0131 275 2074 |
| | |
+-------------------------------------------------+
---END OF MESSAGE---
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