BFD Benfield Group

    RNS Number : 3233G
  Benfield Group Limited
  21 October 2008
   



 TR-1: Notifications of Major Interests in Shares

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


 2. Reason for notification (yes/no)
                                                                             Yes
 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):______________

 3. Full name of person(s) subject to                     Vinit Bodas
 notification obligation:                          Deccan Value Advisors LP
                                                   Deccan Value Advisors LLC
                                                 State Street Nominees Limited
 4. Full name of shareholder(s) (if different
 from 3):
                                                 14 October 2008
 5. Date of transaction (and date on which the
 threshold is crossed or reached if different):
                                                 20 October 2008
 6. Date on which issuer notified:
                                                 10%
 7. Threshold(s) that is/are crossed or
 reached:


 8: Notified Details
 A: Voting rights attached to shares

 Class/type of shares  Situation previous to the triggering        Resulting situation after the triggering transaction
 If possible use ISIN  transaction
 code
                       Number of shares      Number of voting      Number of shares  Number of voting rights    Percentage of voting
                                             rights                                                             rights

                                                                                     Direct      Indirect       Direct        Indirect
 BMG0985D1039                    21,573,222            21,573,222        18,573,222  18,573,222                 8.80%






 B: Financial Instruments

 Resulting situation after the triggering transaction

 Type of financial instrument  Expiration date  Exercise/ conversion  No. of voting rights  Percentage of voting
                                                period/date           that may be acquired  rights
                                                                      (if the instrument
                                                                      exercised/converted)




 Total (A+B)

 Number of voting rights  Percentage of voting rights
 18,573,222               8.80%




 9. Chain of controlled undertakings through which the voting rights and /or
 the financial instruments are effectively held, if applicable:
 Deccan value Advisors LP (the "Investment Manager") is the investment manager
 to several funds (the "Funds") which indirectly hold in aggregate 18,573,222
 (8.80%) shares in the issuer. Deccan Value Advisors LLC (the "General
 Partner") is the general partner of the Investment Manager is therefore
 subject to the notification obligation. Vinit Bodas is the Managing member of
 the General Partner and is therefore also subject to the notification
 obligation.


 Proxy Voting:

 10. Name of 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:  The issuer's total shares outstanding used for
                              this calculation are 212,050,139 as of October
                              1, 2008.
 14 Contact name:             Luke Thomas, Head of Secretariat 

                              020 7522 4044


    For notes on how to complete form TR-1 please see the FSA website. 

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