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:

Management Consulting Group 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

 N/A

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

 N/A

An event changing the breakdown of voting rights

 N/A

Other (please specify):

 N/A

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

 UBS Investment Bank

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

 UBS AG London Branch

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

 3 November 2011

6. Date on which issuer notified:

 7 November 2011

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

 Below Notifiable Threshold

8. Notified details:

A: Voting rights attached to shares

Class/type ofshares

if possible usingthe ISIN CODE

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

Numberof shares

Number of votingrights

% of voting rights

Direct

Direct

Indirect

Direct

Indirect

 GB0001979029

16,562,176

 16,562,176

Below Notifiable Threshold

 Below Notifiable Threshold

 Below Notifiable Threshold

 Below Notifiable Threshold

 Below Notifiable Threshold

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate

Exercise/ConversionPeriod

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

 -

 -

 -

 -

 -

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

Resulting situation after the triggering transaction

Type of financialinstrument

Exerciseprice

Expirationdate

Exercise/Conversionperiod

Number of votingrights instrumentrefers to

% of voting rights

 -

 -

 -

 -

 -

Nominal

Delta

 -

 -

Total (A+B+C)

Number of voting rights

Percentage of voting rights

 Below Notifiable Threshold

Below Notifiable Threshold

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

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:

14. Contact name:

 Nemanja Pantic / Hendrik Marenbach

15. Contact telephone number:

 +41 44 239 6225