PGR Phoenix Global Resources Plc

RNS Number:7250L
Pavilion Geared Recovery Trust PLC
17 October 2001

Pavilion Geared Recovery Trust PLC



The Company was informed on 16 October 2001 by Jupiter Asset Management
Limited that following a transaction on 15 October 2001, its client Investment
Trust of Investment Trusts PLC is now interested in 4,100,000 Ordinary Income
shares of 1p each of the Company, representing 13.67% of the issued class of
capital.



Jupiter Asset Management Limited now have an aggregate interest in 4,500,000
Ordinary Income shares of 1p each, representing 15.00% of the issued class of
capital.

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