Holding(s) in Company

TR-1: Notifications of Major Interests in Shares

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

Billing Services Group Limited

2. Reason for notification (yes/no)

An acquisition or disposal of voting rights

Yes

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

No

An event changing the breakdown of voting rights

No

Other (please specify):______________

No

3. Full name of person(s) subject to notification obligation:

Southern Rock Insurance Co. Ltd.

4. Full name of shareholder(s) (if different from 3):

Rene Nominees Ltd

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

12 June 2009

6. Date on which issuer notified:

16 June 2009

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

 Under 3%

8: Notified Details

A: Voting rights attached to shares

Class/type of shares

If possible use ISIN code

BMG110261044

Ordinary Shares

USD0.59446

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of shares

9,025,000

Number of voting rights

9,025,000

Number of shares

5,475,000

Number of voting rights

Percentage of voting rights

Direct

Indirect

5,457,00

Direct

Indirect

1.96%

B: Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date

Exercise/ conversion period/date 

No. of voting rights that may be acquired (if the instrument exercised/converted)

Percentage of voting rights

N/A

N/A

N/A

N/A

N/A

Total (A+B)

Number of voting rights

Percentage of voting rights

5,457,000

1.96%

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

Rene Nominees Ltd (Southern Rock Insurance Co. Ltd)

5,325,000 Shares 1.91%

Rene Nominess Ltd (Arron Banks)

150,000 Shares 0.05

Arron Banks is connected to Southern Rock Insurance Company Ltd, being a major shareholder in Southern Rock Insurance Company Ltd.

Therefore, together Southern Rock Insurance Company and Arron Banks are interested in 5,475,000 shares in Billing Services Group Ltd, representing approximately 1.96% of the Company's issued share capital.

Proxy Voting:

10. Name of proxy holder:

N/A

11. Number of voting rights proxy holder will cease to hold:

N/A

12. Date on which proxy holder will cease to hold voting rights:

N/A

13. Additional information:

Southern Rock is no longer required to notify major interests in its BSG holdings

The above information is based on total number of voting rights of  279,863,248

14 Contact name:

Beverley Field

15. Contact telephone number:

+44 (0) 1454 634 853