Bennelong Asset Management LLP
LSE : TTM

June 03, 2009 08:30 ET

Holding in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
                                                                                                                           
1. Identity of the issuer or the underlying issuer                            Skywest Airlines Ltd
   of existing shares to which voting rights are
   attached: ii

2. Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights 

An acquisition or disposal of qualifying financial instruments 
which may result in the acquisition of shares          
already issued to which voting rights are attached

An acquisition or disposal of instruments with similar 
economic effect to qualifying financial instruments

An event changing the breakdown of voting rights 

Other (please specify):    Notification of pre-existing position due to 
                           change in regulatory disclosure for                                          X
                           Contracts for Difference
                           
3. Full name of person(s) subject to the                                    Bennelong Asset Management LLP
   notification obligation: iii

4. Full name of shareholder(s)                                              Bennelong Asia Pacific Multi Strategy 
   Equity Fund Limited
   (if different from 3.):iv
 
5. Date of the transaction and date on                                      1st June 2009
   which the threshold is crossed or
   reached: v

6. Date on which issuer notified:                                           3rd June 2009

7. Threshold(s) that is/are crossed or                                      > 3%
   reached: vi, vii

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type of          Situation previous            Resulting situation after the triggering transaction
shares                 to the triggering
                       transaction
if possible using
the ISIN CODE
                       Number         Number         Number         Number of voting            % of  voting rights x
                       of             of             of shares      rights
                       Shares         Voting
                                      Rights
                                                     Direct         Direct xi    Indirect xii   Direct         Indirect
                                                                                                               
                                                                                                               

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial             Expiration     Exercise/                  Number of voting              % of voting
instrument                    date xiii      Conversion Period xiv      rights that may be            rights
                                                                        acquired if the
                                                                        instrument is
                                                                        exercised/ converted.
                                                                        
Contract for Difference                                                 37,560,000                    19.23%



C: Financial Instruments with similar economic effect to Qualifying Financial Instruments
   xv, xvi

Resulting situation after the triggering transaction

Type of financial       Exercise      Expiration    Exercise/       Number of voting rights         % of voting rights
instrument              price         date xvii     Conversion      instrument refers to            xix,xx
                                                    period xviii                                    
                                                                                                    Nominal       Delta
                                                                    
                                                                                                                  

Total (A+B+C)

Number of voting rights                                       Percentage of voting rights

37,560,000                                                    19.23%


9. Chain of controlled undertakings through which the voting rights and/or the
   financial instruments are effectively held, if applicable: xxi

                                                                                                                           

Proxy Voting:

10. Name of the 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:                                             Mr. Peter McHale

15. Contact telephone number:                                 0207 190 3473


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                                                                                                
(including legal form of legal entities)

Contact address                                                                                                            
(registered office for legal entities)

Phone number & email                                                                                                       

Other useful information                                                                                                   
(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


Contact Information

  • Bennelong Asset Management LLP