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: ii

MANAGEMENT CONSULTING GROUP PLC

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

An acquisition or disposal of voting rights

ü

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

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

ü

An event changing the breakdown of voting rights

Other (please specify):

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

BLUEGEM BETA LIMITED

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

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

17 JUNE 2010

6. Date on which issuer notified:

18 JUNE 2010

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

17%

8. Notified details:

A: Voting rights attached to shares viii, ix

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 x

Direct

Direct xi

Indirect xii

Direct

Indirect

ORDINARY

NIL

NIL

75,685,000

NIL

NIL

17.00%

NIL

ISIN: GB0001979029

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date xiii

Exercise/ Conversion Period xiv

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 xv, xvi

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date xvii

Exercise/ Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

WARRANTS

£0.22 per Ordinary Share

31/12/2011

35,344,895

Nominal

Delta

7.09%

N/A

Total (A+B+C)

Number of voting rights

Percentage of voting rights

111,029,895

22.29%

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

BLUEGEM BETA LIMITED IS A WHOLLY OWNED SUBSIDIARY OF BLUEGEM LP, A FUND MANAGED BY BLUEGEM CAPITAL PARTNERS LLP.

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:

The % given at 7 above is based on the total voting rights of the issuer as disclosed by the issuer on 18 June 2010. That figure does not include voting rights attaching to shares that would be in issue following exercise of warrants issued by the Company, as those shares are not presently in issue and so voting rights do not yet attach to the shares. The % given at 8C above is based on the total number of shares with voting rights attached which would be in issue assuming the total voting rights disclosed by the issuer on 18 June 2010 plus the voting rights that would arise as a result of the exercise of all of the warrants in question.

14. Contact name:

VISHESH SRIVASTAVA

15. Contact telephone number:

020 7647 9715