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:

Cello 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 

No

An event changing the breakdown of voting rights

No

Other (please specify):______________

No

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

Ennismore Fund Management Limited

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

1) Ennismore European Smaller Companies Fund

2) Ennismore European Smaller Companies Master Hedge Fund

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

13 August 2008

6. Date on which issuer notified:

13 August 2008

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

3%

8: Notified Details

A: Voting rights attached to shares

Class/type of shares

If possible use ISIN code

GB00B0310763

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of shares

670,000

Number of voting rights

670,000

Number of shares

1,670,000

Number of voting rights

Percentage of voting rights

Direct

1,670,000

Indirect

N/A

Direct

4.3%

Indirect

N/A

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

N/A

N/A

N/A

N/A

N/A

Total (A+B)

Number of voting rights

Percentage of voting rights

1,670,000

4.3%

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

Ennismore European Smaller Companies Fund = 948,187 shares

Ennismore European Smaller Companies Master Hedge Fund = 721,813 shares

Therefore, the total under management:

Ennismore Fund Management Limited =1,670,000 shares

Proxy Voting:

10. Name of 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:

Danielle Etkin

15. Contact telephone name:

+44 20 7368 4230