ACF Accelerated Ret

RNS Number:0719Z
Accelerated Return Fund Limited
26 June 2007


TR-1:     NOTIFICATION OF MAJOR INTERESTS IN SHARES 

1. Identity of the issuer or the underlying  The Accelerated Return Fund Limited
issuer of existing shares to which voting              
rights are attached:

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 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) subject to the       Societe Generale Option Europe
notification obligation:                              

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

5. Date of the transaction (and date on which             21 June 2007
the threshold is crossed or reached if                
different):

6. Date on which issuer notified:                         25 June 2007
                     
7. Threshold(s) that is/are crossed or                         9%
reached:                                                      

8. Notified details:
                           

A: Voting rights attached to shares
Class/type   Situation previous to the Resulting situation after the 
of shares    Triggering transaction    triggering transaction
if possible
using the    Number of    Number of  Number of  Number of voting  % of voting
ISIN CODE    Shares       Voting     shares     rights            rights
                          Rights     Direct     Direct Indirect  Direct Indirect

Participating 2,630,000   2,630,000  2,430,000  2,430,000         8.77%
Shares
GB0032715806

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 if the instrument is  voting
instrument              Period/       exercised/ converted.             rights
                        Date


Total (A+B)
Number of voting rights                      % of voting rights

         2,430,000                                8.77%



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


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:                             Anson Fund Managers Limited
15. Contact telephone number:                         01481 722260

26 June 2007

E&OE - in transmission





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