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    If you disregard all other than PEP11 assets of BPH and BUY:

    Advent energy own 85% of PEP11

    BPH own 26% (new figure, was 22%) of Advent energy,

    BPH therefor have an 22.1% exposure to Pep11

    BUY own 15% of PEP 11

    BPH - 564 millions shares 22.1% of PEP; 1% PEP= 25.5 mil

    BUY - 1096 millions shares 15% of PEP; 1% PEP= 73.06 mil

    The right ratio expected to be 1:2.865

 
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