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:

Hargreaves Services plc

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

Yes 

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

 No

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

 No

An event changing the breakdown of voting rights

 No

Other (please specify):

Change in the ISC

 Yes

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

 Gartmore Investment Limited

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

 See Section 9

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

 11th November 2009

6. Date on which issuer notified:

12th November 2009

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

 5%

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

 GB00B0MTC970

 987,015

987,015

951,009

951,009

3.585%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date

Exercise/ Conversion Period

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

% of voting rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date

Exercise/ Conversion period

Number of voting rights instrument refers to

% of voting rights

 CFD

N/A

N/A

N/A

370,144

Nominal

Delta

1.395% 

Total (A+B+C)

Number of voting rights

Percentage of voting rights

 1,321,153

4.980%

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

Share Description Fund Managing Co.

Shares Held

% of issued capital

UK Registered Owner

Beneficial Owner

Equities

Hargreaves Service Ord GBP0.10

Gartmore Fund Managers Limited

264,502

0.997%

HSBC Global Custody Nominee UK Ltd

Gartmore Fund Managers Ltd A/C Gartmore UK & Irish Smaller Companies

Gartmore Investment Limited

367,904

1.387%

Nortrust Nominees Limited

Strathclyde Pension Fund

95,051

0.358%

Gartmore Growth Opportunities

Gartmore Growth Opportunities PLC

200,408

0.755%

Goldman Sachs Nominees Ltd

The Gartmore UK Small Cap Best Ideas Fund Limited

24,961

0.094%

Bank of Bermuda Luxembourg

Gartmore Sicav Pan Euro Smaller Companies Fund

952,826

3.591%

Contract for Difference

Hargreaves Service CFD Contract B0MTC97

Gartmore Investment Limited

370,144

1.395%

Vidacos Nominees Ltd A/C 2303

The Alphagen Volantis Fund Limited

370,144

1.395%

1,322,970

4.987%

Proxy Voting:

10. Name of the proxy holder:

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

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

13. Additional information:

All figures are based on the Company's issued share capital of 26,530,646 as provided by Exshare

E mail contact [email protected]

14. Contact name:

 RDU

15. Contact telephone number:

 0207 782 2324