VELA TECHNOLOGIES PLC - Holding(s) in Company

PR Newswire

London, January 7

For filings with the FCA include the annex

For filings with issuer exclude the annex

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

1. Identity of the issuer or the underlying        VELA Technologies PLC
issuer of existing shares to which voting
rights are attached: ii

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights                               X

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                        Beaufort Securities
the notification obligation: iii
                                                          131 Finsbury Pavement

                                                                London EC2A 1NT

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

5. Date of the transaction and date                            7th January 2014
on which the threshold is crossed or
reached: v

6. Date on which issuer notified:                              7th January 2014

7. Threshold(s) that is/are crossed                                          7%
or reached: vi, vii

8. Notified details:
A: Voting rights attached to shares viii, ix

Class/type of      Situation               Resulting situation after
shares             previous                     the triggering
               to the triggering                  transaction
                  transaction
if possible
using                    Number                 Number          % of voting
the ISIN CODE   Number     of     Number          of             rights x
                  of     Voting     of          voting
                Shares   Rights   shares        rights

                                  Direct    Direct  Indirect  Direct  Indirect
                                              xi      xii

GB00B7D7F340      0        0     11000000  11000000    0       7.2%      0

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial Expiration     Exercise/      Number of voting   % of voting
   instrument     date xiii  Conversion Period rights that may be    rights
                                    xiv         acquired if the
                                                 instrument is
                                                   exercised/
                                                   converted.


C: Financial Instruments with similar economic effect to Qualifying Financial
Instruments xv, xvi

Resulting situation after the triggering transaction

   Type of     Exercise Expiration Exercise/  Number of voting    % of voting
  financial     price   date xvii  Conversion rights instrument  rights xix, xx
  instrument                         period       refers to
                                     xviii

                                                                Nominal   Delta


Total (A+B+C)

        Number of voting rights               Percentage of voting rights

              11 000 000                                 7.2%

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


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:              Beaufort Securities have bought these
                                         shares in their capacity as Principal

14. Contact name:                                   Andrew Gutmann

15. Contact telephone number:                        0207 3828315