Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

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

Stagecoach Group plc

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 issues to which voting rights are attached

An event changing the breakdown of voting rights

Other (please specify):

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

Brian Souter

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

Brian Souter

Lakestream Limited

Highland and Universal Securities Limited

HSDL Nominees Limited 

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

20 January 2009

6. Date on which issuer notified:

20 January 2009

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

From above 10% to above 12%

8. Notified details:

A: Voting rights attached to shares

Class/type of shares

if possible using the ISIN CODE

Situation previous to the Triggering transaction

Resulting situation after the triggering transaction

Number of Shares

Number of Voting Rights

Number of shares

Number of voting rights

% of voting rights

Direct

Direct

Indirect

Direct

Indirect

78,584,024

78,801,109

50,305,532

60,305,532

35,912,420

7.00%

4.99%

Ordinary Shares of 56/57th pence each

B: Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date

Exercise/ Conversion Period/ Date

Number of voting rights that may be acquired if the instrument is exercised/ converted.

% of voting rights

Executive share options over ordinary shares

10 December 2011

10 December 2007 to 10 December 2011

217,085

0.03%

Total (A+B)

Number of voting rights

% of voting rights

86,435,037

12.02%

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

Brian Souter holds 50,305,532 ordinary shares in the issuer directly in his own

name.

Brian Souter holds 507 ordinary shares in trust for members of his family.

Lakestream Limited holds 9,851,913 ordinary shares in the issuer. Brian Souter

controls 51% of the voting rights of Lakestream Limited and therefore indirectly

controls the voting rights of the shares held by Lakestream Limited.

Highland and Universal Securities Limited holds 2,060,000 ordinary shares in the 

issuer. Brian Souter controls 51% of the voting rights of Highland and Universal

securities Limited and therefore indirectly controls the voting rights of the shares

held by Highland and Universal Securities Limited.

HSDL Nominees Limited holds 24,000,000 ordinary shares in the issuer over

which it is contractually bound to follow the voting instructions of Brian Souter unless certain personal banking arrangements of Brian Souter are in default.

50,305,532

507

9,851,913

2,060,000

24,000,000

Proxy Voting:

10. Name of the 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:

14. Contact name:

Alan Whitnall

15. Contact telephone number:

01738 642018