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:	Cyan Holdings plc GB00B0P66Q02
2. Reason for the notification   (please tick the appropriate box or boxes)
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): Placing of 300 million new ordinary shares X
3. Full name of person(s) subject to the notification obligation:	Allianz SE
4. Full name of shareholder(s) (if different from 3.):	Allianz Insurance plc
5. Date of the transaction (and date on which the threshold is crossed or reached if different):	4th September 2008
6. Date on which issuer notified:	4th September 2008
7. Threshold(s) that is/are crossed or reached:	6%
8. Notified details:

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 i	Number of shares	Number of voting rights		% of voting rights
			Direct	Direct	Indirect	Direct	Indirect
GB00B0P66Q02	4,477,295	4,477,295	29,663,659	29,663,659		6.594%

B: Financial Instruments
Resulting situation after the triggering transaction xii
Type of financial instrument	Expiration date i	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
29,663,659	6.594%

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

Allianz Insurance plc is a subsidiary of Allianz SE. Allianz SE is the ultimate holding company of Allianz Holdings plc which is a holding company of Allianz Insurance Plc. The shares in Allianz Holdings Plc are held by Allianz UK Limited, which is a 66.7% owned subsidiary of Allianz Europe Limited ("Allianz Europe"). The other 33.3% of shares in Allianz UK Limited are owned by Allianz Liebensversicherungs GmbH, which is itself an indirect subsidiary of Allianz SE. Allianz Europe is an 85% owned subsidiary of AZ-Argos 10 Vermogensverwaltungsgesellschaft GmbH which in its turn is a wholly owned subsidiary of Allianz SE. Allianz SE is also the owner of the other 15% of Allianz Europe.

Proxy Voting:
10. Name of the 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:
14. Contact name:	Dresdner Kleinwort Media Relations Team
15. Contact telephone number:	020 7623 8000

 

Annex Notification Of Major Interests In Shares xvi

A: Identity of the person or legal entity subject to the notification obligation
Full name (including legal form for legal entities)	Allianz SE
Contact address (registered office for legal entities)	Koniginastrasse 28 80802 Munich Germany
Phone number	+49 89 38 00 00
Other useful information(at least legal representative for legal persons)

B: Identity of the notifier, if applicable xvii
Full name	Dresdner Kleinwort Group Limited
Contact address	30 Gresham Street London EC2V 7PG
Phone number	020 7623 8000
Other useful information (e.g. functional relationship with the person or legal entity subject to the notification obligation)	subsidiary

C: Additional information

 

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