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:

M J Gleeson Group Plc

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

An event changing the breakdown of voting rights

Other (please specify):______________

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

North Atlantic Value LLP (as investment advisor/manager)

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

1. North Atlantic Smaller Companies Investment Trust PLC

2. Oryx International Growth Fund Limited

3. North Atlantic Value LLP (as investment manager/adviser to other fund management clients)

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

26 September 2011

6. Date on which issuer notified:

28 September 2011

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

Through 27% and individual holding through 19%

8: Notified Details

A: Voting rights attached to shares

Class/type of shares

If possible use 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

Percentage of voting rights

Direct

Indirect

Direct

Indirect

Ordinary Shares

Sedol: B01BNK2

Holder 1 7,259,639 7,259,639 10,445,640 10,445,640 19.82%

Holder 2 3,316,576 3,316,576 3,500,000 3,500,000 6.64%

Holder 3 505,000 505,000 505,000 505,000 0.96%

Total voting rights = 27.42%

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

Total (A+B)

Number of voting rights

Percentage of voting rights

14,450,640

27.42%

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

Proxy Voting:

10. Name of 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:

North Atlantic Value LLP is the investment manager/advisor in respect of the full 27.42% holding as it is investment manager/adviser to holders 1 and 2 as well as the other private clients included in holder 3.

14 Contact name:

Bonita Guntrip - Client Company Secretary, J O Hambro Capital Management Limited

15. Contact telephone number:

020 7747 5681