Ann: Ceasing to be a substantial holder by DB Gro, page-15

re: Ann: Ceasing to be a substantial holder b... Ok, lets lay the DB Boogeyman to rest.

I ran the DB trade figures through an OCR and tallied them up in Excel.

* The net selling by DB, on 14&15 Sep where the price retraced, was 14,003,970 shares

* As they had come below the 5% threshold to warrant a SS notice, they would have to come below 145m shares (2.9b*5%=145m).

* Therefore over those 2 days DB offloaded about 9% of their shares.

* The number of shares traded in total for SDL over those 2 days was 276,970,245

* DB were therefore responsible for 5% of the volume over these past 2 days.

Make of the effect of this what you will. I personally see nothing at all to be alarmed about. There's nothing wrong at all with taking some profits, and SDL is becoming far too big a fish to be affected by institutional trading.