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REG-BACIT Limited: Holding(s) in Company <Origin Href="QuoteRef">BACT.L</Origin>

For filings with the FCA include the annex                                                                                                                                             
 For filings with issuer exclude the annex                                                                                                                                              
                                                                                                                                                                                        
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES (i)                                                                                                                                     
                                                                                                                                                                                        
 1. Identity of the issuer or the underlying issuer                                                                                                               BACIT Limited Ord NPV 
 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 the                                                                                                                            J.M. FINN & CO LTD 
 notification obligation: (iii)                                                                                                                                                         
 4. Full name of shareholder(s) (if different from 3.): (iv)                                                                                                      J.M FINN NOMINEES LTD 
 5. Date of the transaction and date on                                                                                                                            23 (rd)November 2016 
 which the threshold is crossed or                                                                                                                                                      
 reached: (v)                                                                                                                                                                           
 6. Date on which issuer notified:                                                                                                                                 24 (th)November 2016 
 7. Threshold(s) that is/are crossed or                                                                                                                                              5% 
 reached: (vi, vii)                                                                                                                                                                     
                                                                                                                                                                                        

   

 8. Notified details:                                                                                                                                                                                                                        
 A: Voting rights attached to shares (viii, ix)                                                                                                                                                                                              
 Class/type of                             Situation previous                                                          Resulting situation after the triggering transaction                                                                  
 shares  if possible using the ISIN CODE   to the triggering                                                                                                                                                                                 
                                           transaction                                                                                                                                                                                       
                                                                 Number                                Number                                Number                      Number of voting                      % of 
                                                                 of                                    of                                    of shares                   rights                                votin 
                                                                 Shares                                Voting                                                                                                  g    
                                                                                                       Rights                                                                                                  right 
                                                                                                                                                                                                               s (x) 
                                                       Direct              Direct (xi)                 Indirect (xii)  Direct                              Indirect                    
 GG00B8P59C08                              19,372,924                      19,372,924                                       19,181,655               19,181,655                                      4.97                                    
                                           
                                                                                                                                                                                                                                             
 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 (xiv)                                           rights that may be                                  rights                        
                                                                                                                                                           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 financial                                     Exercise price      Expiration date (xvii)      Exercise/                             Number of voting rights instrument refers to            % of voting rights (xix, xx)            
 instrument                                                                                            Conversion period (xviii)                                                                                                             
                                                                                                                                                                                                     Nominal                       Delta     
                                                                                                                       
                                                                                                                                                                                                                                             
 Total (A+B+C)                                                                                                                                                                                                                               
 Number of voting rights                                                                                                          Percentage of voting rights                                                                                
                                                            19,181,655                                                                                                               4.97                                                    
                                                                                                                                                                                                                                             

   

 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:                                         
 14. Contact name:                                       Dipen Desai 
 15. Contact telephone number:                           02032073073 
                                                                     

   

 Note: Annex should only be submitted to the FCA not the issuer                                                                                                                
 Annex: Notification of major interests in shares (xxii)                                                                                                                       
                                                                                                                                                                               
 A: Identity of the persons or legal entity subject to the notification obligation                                                                                             
 Full name  (including legal form of legal entities)                                                                                                        J.M. FINN & CO LTD 
 Contact address  (registered office for legal entities)                                                                          4 Coleman Street, Moorgate, London, EC2R 5TA 
 Phone number & email                                                                                                                                                          
 Other useful information  (at least legal representative for legal persons)                                                                                                   
                                                                                                                                                                               
 B: Identity of the notifier, if applicable                                                                                                                                    
 Full name                                                                                                                                                         Dipen Desai 
 Contact address                                                                                                                  4 Coleman Street, Moorgate, London, EC2R 5TA 
 Phone number & email                                                                                                                      02032073073  dipen.desai@jmfinn.com 
 Other useful information (e.g. functional relationship with the person or legal entity subject to the notification obligation)                           Compliance Executive 
                                                                                                                                                                               
 C: Additional information                                                                                                                                                     
                                                                                                                                                                               
 For notes on how to complete form TR-1 please see the FCA website.                                                                                                            



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