CantorFitzgeraldEuro - Iona Technologies PLC ADR

RNS Number:1544R
Cantor Fitzgerald Europe
31 March 2008

FORM 8.1/8.3

IRISH TAKEOVER PANEL

Lodge with the Stock Exchange (which may publicise) and with the Panel.
Use separate form for each class of securities in which dealings have
been made.

Date of disclosure 31st March 2008

DISCLOSURE UNDER RULE 8.1(a), 8.1(b)(i) and 8.3 OF THE IRISH
TAKEOVER PANEL ACT, 1997, TAKEOVER RULES, 2001

Date of Dealing 28th March 2008

Dealing in Iona Technologies Plc Sponsored ADR

(1) Class of securities: Ordinary Shares

(2)

Amount bought Amount sold Price per unit
52,438 3.806826

(3) Resultant total of the same class owned or controlled
(and percentage of class) 842,911 2.31%

*In addition, Cantor Fitzgerald Europe (and affiliates) are party
to certain CFDs ( see below)

(4) Party making disclosure Cantor Fitzgerald Europe

(5) EITHER (a) Name of purchaser/vendor (Note 1)

OR (b) If dealing for discretionary client(s), name of fund
management organisation

................................................................................

(6) Reason for disclosure (Note 2)

(a) (i) offeror or associate of offeror (Note 3) NO

(ii) offeree or associate of offeree NO

Specify which category or categories of associate ((a) to (l) page 3/4)

If category (l), explain
................................................................................

(b) Rule 8.3 (i.e. disclosure because of ownership or control of 1% or more the
class of relevant securities dealt in) YES

Signed, for and on behalf of the party named in (4) above
..................................................

(Also print name of signatory) Ross Tanton

Telephone and extension number: 0207 894 7214 / rtanton@cantor.co.uk

Date of Disclosure: 31st March 2008

Form 8 Enclosure

Cantor Fitzgerald Europe is the beneficial owner of 842,911 Iona Technologies
plc Sponsored ADR ordinary shares. 842,911 of these shares are held to hedge
Contract for Difference ("CFD") positions for clients.

A Long CFD is a product where the client to whom the product is sold is taking a
long economic interest in the underlying share price such that the client can
realise a gain if the price of the underlying securities rises above the
reference price.

The holder of a Long CFD contract will realise a gain if the price of the
underlying security goes up. The holder of a Short CFD contract will realise a
gain if the price of the underlying security goes down.

There are no written or oral agreements between Cantor Fitzgerald Europe and any
clients concerning the control of voting rights in relation to the underlying
shares used to hedge Long CFDs and/or Spread bets.

The CFD contracts are open-ended and there is no rollover into new contracts.

Contracts for Differences Disclosure Date: 31/03/08

Iona Technologies Plc Sponsored ADR Cantor Reference
Fitzgerald Underlying Number Price
Product Name Date Executed Buy/Sell Of Shares EUR
Iona Technologies Plc (ADR) Long CFD 18/01/05 Sell 5000 5.54
Iona Technologies Plc (ADR) Long CFD 19/01/05 Sell 75000 5.51
Iona Technologies Plc (ADR) Long CFD 13/05/05 Sell 3000 3.175
Iona Technologies Plc (ADR) Long CFD 07/07/05 Sell 300 2.66
Iona Technologies Plc (ADR) Long CFD 09/01/07 Sell 4000 5.3194
Iona Technologies Plc (ADR) Long CFD 24/05/07 Sell 2812 5.16
Iona Technologies Plc (ADR) Long CFD 08/02/08 Sell 37500 3.26
Iona Technologies Plc (ADR) Long CFD 11/02/08 Sell 50000 3.21
Iona Technologies Plc (ADR) Long CFD 12/02/08 Sell 6000 3.2094
Iona Technologies Plc (ADR) Long CFD 15/02/08 Sell 10000 3.26
Iona Technologies Plc (ADR) Long CFD 15/02/08 Sell 10000 3.26
Iona Technologies Plc (ADR) Long CFD 14/03/08 Sell 100000 3.2293
Iona Technologies Plc (ADR) Long CFD 17/03/08 Sell 105913 3.3208
Iona Technologies Plc (ADR) Long CFD 18/03/08 Sell 64374 3.4708
Iona Technologies Plc (ADR) Long CFD 19/03/08 Sell 55600 3.5992
Iona Technologies Plc (ADR) Long CFD 20/03/08 Sell 35874 3.595593
Iona Technologies Plc (ADR) Long CFD 24/03/08 Sell 86424 3.7053
Iona Technologies Plc (ADR) Long CFD 25/03/08 Sell 60651 3.7999
Iona Technologies Plc (ADR) Long CFD 26/03/08 Sell 28025 3.772435
Iona Technologies Plc (ADR) Long CFD 27/03/08 Sell 50000 3.784658
Iona Technologies Plc (ADR) Long CFD 28/03/08 Sell 52438 3.801826
842911

This information is provided by RNS
The company news service from the London Stock Exchange
END

RETFFLFXVXBXBBB