1. Name of company
IRF European Finance Investments Limited

2. Name of shareholder having a major interest
North Sound Capital LLC

3. Please state whether notification indicates that it is in respect of the holding of the shareholder named in 2 above or in respect of a non-beneficial interest or in the case of an individual holder if it is a holding of that person's spouse or children under the age of 18
As Above

4. Name of the registered holder(s) and, if more than one holder, the number of shares held by each of them
2,500,000 held as follows:

North Sound Legacy Institutional Fund LLC         700,000
North Sound Legacy International Limited           1,800,000

5. Percentage of issued class of shares prior to disposal
4.40%

6. Number of shares acquired
Not applicable

7. Percentage of issued class
Not applicable

8. Number of shares disposed
1,750,000

9. Percentage of issued class disposed
3.08%

10. Class of security
Common shares

11. Date of transaction
22 December 2006

12. Date company informed
8 January 2007

13. Total holding of issued class following this notification
750,000 held as follows:

North Sound Legacy Institutional Fund LLC         210,000
North Sound Legacy International Limited            540,000

14. Total percentage holding of issued class following this notification
1.32%