OCE Ocean Res.

RNS Number:0333T
Rheochem PLC
15 March 2007


TR-1:               notification of major interests in shares

1. Identity of the issuer or the underlying issuer of existing               Rheochem Plc
shares to which voting rights are attached:

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

An acquisition or disposal of voting rights                                                 

An acquisition or disposal of financial instruments which may result in the acquisition of  
shares already issued to which voting rights are attached
An event changing the breakdown of voting rights                                            
Other (please specify):___________________________________________                                x

3. Full name of person(s) subject to the notification            Ocean Resources Capital Holdings Plc
obligation:

4. Full name of shareholder(s) (if different from 3.):               Bank of New York (Account 276550)

5. Date of the transaction (and date on which the threshold is                        n/a
crossed or reached if different):

6. Date on which issuer notified:                                                 7 March 2007

7. Threshold(s) that is/are crossed or reached:                                       n/a

8. Notified details:                                             Originally notified 7 March 2007



A: Voting rights attached to shares
Class/type of     Situation previous to Resulting situation after the triggering transaction
shares            the Triggering
                  transaction
 if possible      Number of  Number of  Number of    Number of voting rights   % of voting rights
using the ISIN    Shares     Voting     shares
CODE                         Rights     Direct       Direct       Indirect     Direct       Indirect
     Ordinary     29,500,000 29,500,000 29,500,000                29,500,000                  26.63%
shares GBP 0.05

GB00B02YHV99


B: Financial Instruments
Resulting situation after the triggering transaction
Type of financial    Expiration date Exercise/ Conversion      Number of voting rights    % of voting
instrument                           Period/ Date              that may be acquired if    rights
                                                               the instrument is
                                                               exercised/ converted.



Total (A+B)
Number of voting rights                            % of voting rights
     29,500,000                                    26.63%




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



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:

15. Contact telephone number:

Annex Notification Of Major Interests In Shares
A: Identity of the person or legal entity subject to the notification obligation

Full name (including legal form for legal entities)             Ocean Resources Capital Holdings Plc
Contact address (registered office for legal entities)          Beaufort House, 51 New North Road, Exeter,
                                                                EX4 4EP
Phone number                                                    See below
Other useful information (at least legal representative    See below
for legal persons)



B:        Identity of the notifier, if applicable
Full name                                                       Marie Jones
Contact address                                                 Beaufort House, 51 New North Road, Exeter,
                                                                EX4 4EP
Phone number                                                    01392 477669
Other useful information (e.g. functional relationship          For and on behalf of Capita Sinclair
with the person or legal entity subject to the                  Henderson Ltd; Administrator
notification obligation)



C:        Additional information







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

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