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PRESS DIGEST - British Business Press - May 6

Tue May 5, 2009 11:41pm EDT

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Daily Telegraph

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WIDE SUPPORT FOR BRAMDEAN COUP

Almost 50 per cent of shareholders in Bramdean Alternatives (BRAL.L) support Vincent Tchenguiz's boardroom coup attempt. Bramdean has complained to the Financial Services Authority and the Takeover Panel, claiming Tchenguiz has exaggerated the level of shareholder backing for his plan to remove the board and possibly liquidate the fund. Advisers to Bramdean have privately conceded that Tchenguiz holds at least 47 per cent shareholder support, just below the 50 per cent level necessary to overthrow the board. Tchenguiz is Bramdean's largest shareholder, owning 29 per cent of the fund.

ABERDEEN ON HUNT DESPITE PROFIT SLIP



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