Holding(s) in Company

    Form TR-1 with annex. FSA Version 2.1 updated April 2007

For filings with the FSA include the annex  
                                            
For filings with issuer exclude the annex   

TR-1: Notifications of Major Interests in Shares                               

1. Identity of the issuer or the underlying     The Laxey Investment Trust plc 
issuer of existing shares to which voting                                      
rights are attached:                                                           
                                                                               
2. Reason for notification (yes/no)                                            
                                                                               
An acquisition or disposal of voting rights                             Yes    
                                                                               
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       Credit Suisse Securities (Europe)   
notification obligation:                                Limited                
                                                                               
4. Full name of shareholder(s) (if         Credit Suisse Securities (Europe)   
different from 3):                                      Limited                
                                                                               
5. Date of transaction (and date on                    20.06.08                
which the threshold is crossed or                                              
reached if different):                                                         
                                                                               
6. Date on which issuer notified:                      24.06.08                
                                                                               
7. Threshold(s) that is/are crossed or                    4%                   
reached:                                                                       

8: Notified Details                                                          
                                                                             
A: Voting rights attached to shares                                          
                                                                             
Class/type   Situation previous  Resulting situation after the triggering    
of shares    to the triggering   transaction                                 
             transaction                                                     
If possible                                                                  
use ISIN                                                                     
code                                                                         
                                                                             

Number of    Number of Number of Number of voting  Percentage of            
shares       voting    shares    rights            voting rights            
             rights                                                         
                                 Direct   Indirect Direct   Indirect        
                                                                            
GB0008792110 n/a       n/a       n/a      460,000  460,000  4.34%    n/a    
                                                                            

B: Financial Instruments                                                       
                                                                               
Resulting situation after the triggering transaction                           
                                                                               
Type of        Expiration     Exercise/       No. of voting      Percentage of 
financial      date           conversion      rights that may be voting rights 
instrument                    period/date     acquired (if the                 
                                              instrument                       
                                              exercised/                       
                                              converted)                       
                                                                               

Total (A+B)                                                                    
                                                                               
Number of voting rights                 Percentage of voting rights            
                                                                               
                460,000                                  4.34%                 

9. Chain of controlled undertakings through which the voting rights and /or the
financial instruments are effectively held, if applicable:                     
                                                                               
Credit Suisse Securities (Europe) Limited and Credit Suisse International are a
division of Credit Suisse ("CSIBD"), which is part of the Credit Suisse Group  
("CSG"). CSIBD is a segregated business unit within CSG with an independent    
management structure and exercises its voting rights independently from other  
divsions of CSG                                                                

Proxy Voting:                                                                  
                                                                               
10. Name of 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:                        Simon Crawley                          
                                                                               
15. Contact telephone number:           +44207888 5416                         

For notes on how to complete form TR-1 please see theFSA website.

Note: Annex should only be submitted to the FSA not the issuer

Annex: Notification of major interests in shares                               

A: Identity of the persons or legal entity subject to the notification         
obligation                                                                     
                                                                               
Full name                               Credit Suisse Securities (Europe)      
                                        Limited                                
(including legal form of legal                                                 
entities)                                                                      
                                                                               
Contact address                         One Cabot Square, London E14 4QJ       
                                                                               
(registered office for legal entities)                                         
                                                                               
Phone number & email                    0207 888 5416 simon.crawley            
                                        @credit-suisse.com                     
                                                                               
Other useful information                Simon Crawley                          
                                                                               
(at least legal representative for                                             
legal persons)                                                                 

B: Identity of the notifier, if applicable                                     
                                                                               
Full name                                                                      
                                                                               
Contact address                                                                
                                                                               
Phone number & email                                                           
                                                                               
Other useful information                                                       
                                                                               
(e.g. functional relationship with the                                         
person or legal entity subject to the                                          
notification obligation)                                                       

C: Additional information                                                      
                                                                               



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