TIDMCHS 
 
RNS Number : 3534H 
Chrysalis PLC 
18 February 2010 
 

+-------------------------------------------------------------------+ 
| TR-1: Notifications of Major Interests in Shares                  | 
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+----------------------------------+------------+------------------+---------+ 
|                                               |                            | 
| 1. Identity of the issuer or the              | Chrysalis Plc              | 
| underlying issuer of 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)        | North Atlantic Value LLP (as            | 
| subject to notification          | investment manager/advisor)             | 
| obligation:                      |                                         | 
+----------------------------------+-----------------------------------------+ 
|                                  |                         1.              | 
| 4. Full name of shareholder(s)   |                         North           | 
| (if different from 3):           |                         Atlantic        | 
|                                  |                         Smaller         | 
|                                  |                         Companies       | 
|                                  |                         Investment      | 
|                                  |                         Trust PLC       | 
|                                  |                         2.   Oryx       | 
|                                  |                         International   | 
|                                  |                         Growth Fund     | 
|                                  |                         Limited         | 
|                                  |                         3.   North      | 
|                                  |                         Atlantic        | 
|                                  |                         Value LLP (as   | 
|                                  |                         Investment      | 
|                                  |                         manager/adviser | 
|                                  |                         to other fund   | 
|                                  |                         management      | 
|                                  |                         clients)        | 
+----------------------------------+-----------------------------------------+ 
|                                  |                                         | 
| 5. Date of transaction (and date | 17 February 2010                        | 
| on which the threshold is        |                                         | 
| crossed or reached if            |                                         | 
| different):                      |                                         | 
+----------------------------------+-----------------------------------------+ 
|                                  |                                         | 
| 6. Date on which issuer          | 18 February 2010                        | 
| notified:                        |                                         | 
+----------------------------------+-----------------------------------------+ 
|                                  |                                         | 
| 7. Threshold(s) that is/are      | 14%                                     | 
| crossed or reached:              |                                         | 
+----------------------------------+-----------------------------------------+ 
|                                  |            |                  |         | 
+----------------------------------+------------+------------------+---------+ 
 
 
 
 
 
 
 
+------------+---------+--------+--------+---------+----------+--------+---------------+ 
| 8: Notified Details                                                                  | 
+--------------------------------------------------------------------------------------+ 
| A: Voting rights attached to shares                                                  | 
|                                                                                      | 
+--------------------------------------------------------------------------------------+ 
| Class/type | Situation        | Resulting situation after the triggering             | 
| of shares  | previous to      | transaction                                          | 
| If         | the triggering   |                                                      | 
| possible   | transaction      |                                                      | 
| use ISIN   |                  |                                                      | 
| code       |                  |                                                      | 
+            +------------------+------------------------------------------------------+ 
|            | Number  | Number | Number | Number of          | Percentage of          | 
|            | of      | of     | of     | voting rights      | voting rights          | 
|            | shares  | voting | shares |                    |                        | 
|            |         | rights |        |                    |                        | 
+            +         +        +        +--------------------+------------------------+ 
|            |         |        |        |         |          |        |               | 
|            |         |        |        | Direct  | Indirect | Direct | Indirect      | 
+------------+---------+--------+--------+---------+----------+--------+---------------+ 
|                                                                                      | 
| Ordinary shares                                                                      | 
| Sedol: B28TMS4                                                                       | 
|                                                                                      | 
|                                                                                      | 
| Holder 1       5,500,000      5,500,000       5,500,000     5,500,000                | 
| 8.19%                                                                                | 
|                                                                                      | 
| Holder 2      2,960,000       2,960,000       3,445,000    3,445,000                 | 
| 5.13%                                                                                | 
|                                                                                      | 
| Holder 3         500,000         500,000          500,000        500,000             | 
| 0.74%                                                                                | 
|                                                                                      | 
|                                                                                      | 
| TOTAL:                            14.07%                                             | 
|                                                                                      | 
+--------------------------------------------------------------------------------------+ 
|                                                                                      | 
+--------------------------------------------------------------------------------------+ 
|            |         |        |        |         |          |        |               | 
+------------+---------+--------+--------+---------+----------+--------+---------------+ 
 
+------------+------------+-------------+----------------------+------------+ 
| B: Financial Instruments                                                  | 
|                                                                           | 
+---------------------------------------------------------------------------+ 
| Resulting situation after the triggering transaction                      | 
|                                                                           | 
+---------------------------------------------------------------------------+ 
| Type of    | Expiration | Exercise/   | No. of               | Percentage | 
| financial  | date       | conversion  | voting               | of voting  | 
| instrument |            | period/date | rights               | rights     | 
|            |            |             | that may             |            | 
|            |            |             | be                   |            | 
|            |            |             | acquired             |            | 
|            |            |             | (if the              |            | 
|            |            |             | instrument           |            | 
|            |            |             | exercised/converted) |            | 
+------------+------------+-------------+----------------------+------------+ 
|            |            |             |                      |            | 
|            |            |             |                      |            | 
+------------+------------+-------------+----------------------+------------+ 
 
 
+--------------------------------+---------------------------------+ 
| Total (A+B)                                                      | 
|                                                                  | 
+------------------------------------------------------------------+ 
| Number of voting rights        | Percentage of voting rights     | 
|                                |                                 | 
+--------------------------------+---------------------------------+ 
|                                |                                 | 
| 9,445,000                      | 14.07%                          | 
+--------------------------------+---------------------------------+ 
 
 
 
 
 
 
 
 
 
 
 
 
 
+-------------------------------------------------------------------+ 
| 9. Chain of controlled undertakings through which the voting      | 
| rights and /or the financial instruments are effectively held, if | 
| applicable:                                                       | 
+-------------------------------------------------------------------+ 
| Not applicable                                                    | 
|                                                                   | 
+-------------------------------------------------------------------+ 
 
+---------------------------------+---------------------------------+ 
| Proxy Voting:                                                     | 
|                                                                   | 
+-------------------------------------------------------------------+ 
| 10. Name of proxy holder:       | N/A                             | 
|                                 |                                 | 
+---------------------------------+---------------------------------+ 
| 11. Number of voting rights     | N/A                             | 
| proxy holder will cease to      |                                 | 
| hold:                           |                                 | 
|                                 |                                 | 
+---------------------------------+---------------------------------+ 
| 12. Date on which proxy holder  | N/A                             | 
| will cease to hold voting       |                                 | 
| rights:                         |                                 | 
|                                 |                                 | 
+---------------------------------+---------------------------------+ 
 
+---------------------------------+---------------------------------+ 
| 13. Additional information:     | North Atlantic Value LLP is the | 
|                                 | investment manager/advisor in   | 
|                                 | respect of the full 14.07%      | 
|                                 | holding as it is investment     | 
|                                 | manager to Holders 1  and 2 as  | 
|                                 | well as the other clients       | 
|                                 | included in Holder 3.           | 
|                                 |                                 | 
+---------------------------------+---------------------------------+ 
| 14 Contact name:                | Bonita Guntrip                  | 
|                                 |                                 | 
+---------------------------------+---------------------------------+ 
| 15. Contact telephone name:     | 020 7747 5681                   | 
|                                 |                                 | 
+---------------------------------+---------------------------------+ 
 
CHRYSALIS PLC CONTACT DETAILS: 
Name of contact and telephone number for queries 
+--------------------------------------------------------------------------------+ 
| - Andy Mollett - 020 7221 2213                                                 | 
+--------------------------------------------------------------------------------+ 
Name and signature of authorised company official responsible for making this 
notification 
+--------------------------------------------------------------------------------+ 
| - Andy Mollett                                                                 | 
+--------------------------------------------------------------------------------+ 
Date of notification 
+--------------------------------------------------------------------------------+ 
| - 18 February 2010                                                             | 
+--------------------------------------------------------------------------------+ 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 HOLLLFEVFIITLII 
 

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