ODYSSEY GOLD LTD — Major Shareholding Notification 2011

Feb 14, 2011

Page: 1/3

To:

From:

Subject: RE: Form 604 Notice of change of interests of substantial holder

Message: Dear Sirs:

Please find attached the Form 604 on behalf of City Natural Resources High Yield Trust Plc.

Kind regards

Louisa

Louisa Rasmussen Compliance Manager CQS

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5th Floor 33 Grosvenor Place London SW1X 7HY United Kingdom

+44 (0)20 7201 6900 +44 (0) 20 7 201 1 200 www.cqs.ch

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From: CQS To: 0061297780999 Page: 2/3 Date: 14/02/2011 09:52:16

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme	ODYSSEY ENERGY LTD
ACN/ARSN	116 151 636
1. Details of substantial holder (1)
Name	City Natural Resources High Yield Trust Plc
ACN/ARSN (if applicable) NA
There was a change in the interests of the
substantial holder on	14/02/2011
The previous notice was given to the company on	10/02/2011
The previous notice was dated	10/02/2011

2. Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

	Previous notice		Present notice
Class of securities (4)	Person's votes	Voting power (5)	Person's votes	Voting power (5)
ORD NPV	41.464.200	10.29%	141.464.200	19.635%
				________

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date of change	Person whose relevant interest changed	Nature of change (6)	Consideration given in relation to change (7)	Class and number of securities affected	Person's votes affected
14/02/2011	CITY NATURAL RESOURCES HIGH YIELD I TRUST PLC	INCREASE IN THE NUMBER OF SHARES ON ISSUE	0	41,464,200 ORD NPV	41,464,200

Present relevant Interests 4.

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder (8)	Nature of I relevant interest (6	Class and number of securities	Person's votes
CITY NATURAL RESOURCES HIGH YIELD TRUST PLC	IHSBC CUSTODY INOMINEES (AUSTRALIA) ILIMITED	IHSBC CUSTODY INOMINEES (AUSTRALIA) LIMITED		41.464.200 ORD NPV	41.464.200

From: CQS

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable)	______ Nature of association ------------- _____
IN/A _________	_________
.	------- .

6. Addresses

The addresses of persons named in this form are as follows:

Name	Address
	CITY NATURAL RESOURCES HIGH YIELD TRUST PLC CO. CQS ASSET MANAGEMENT LIMITED. 5 TH FLOOR, 33 CHESTER STREET, LONDON ISW1X 7BL UK

Signature

	print name KATE HASWELL	capacity	COMPLIANCE OFFICER, CQS ASSET MANAGEMENT
sign here	to d _____ _	date	14/02 /2011 __ _