GON Galleon Hldgs

RNS Number:7646G
Galleon Holdings PLC
31 October 2007


TR-1 NOTIFICATION OF MAJOR INTERESTS IN SHARES

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

GALLEON HOLDINGS Plc

(2) Reason for the notification (please state Yes/No):

An acquisition or disposal of voting rights (No)

An acquisition or disposal of financial instruments which may result in the
acquisition of shares already issued to which voting rights are attached: (No)

An event changing the breakdown of voting rights: (No)

Other (please specify): -

Acquisition via Placing

(3) Full name of person(s) subject to the notification obligation:

Ashcourt Asset Management Limited

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

Ashcourt Nominees Limited

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

26 October 2007

(6) Date on which issuer notified:

31 October 2007

(7) Threshold that is crossed or reached:

7%

(8) Notified details:

A: Voting rights attached to shares
Class/type   Situation previous to the Resulting situation after the triggering
of shares    Triggering transaction                 transaction
if possible  Number of   Number of  Number of  Number of Voting    % of voting
using the    Shares      Voting     Shares     Rights              rights
ISIN code                Rights
Common Stock                                   Direct   Indirect Direct Indirect
GB00B02MFY27  3,750,500  3,750,500  5,474,638  5,474,638   -     5.63%     0%



B: Financial instruments
Resulting situation after the triggering transaction
Type of     Expiration Exercise /     Number of voting rights that may   % of
Financial   Date       Conversion     be acquired is the instrument is   voting
Instrument             Period / Date  exercised / converted              rights

Total (A+B)
Number of voting rights                      % of voting rights
       5,474,638                                   5.63%

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

N/A

Proxy Voting:

(10) Name of the proxy holder:

N/A

(11) Number of voting rights proxy holder will cease/acquire to hold:

N/A

(12) Date on which proxy holder will cease/acquire to holding voting rights:

N/A

(13) Additional information:

N/A

(14) Contact name:

Patrick Towers

(15) Contact number:

01732-520791




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