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:

Journey Group Plc

2. Reason for notification (yes/no)

An acquisition or disposal of voting rights

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): Change in total voting rights

Yes

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

North Atlantic Value LLP (as investment manager/advisor)

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

1) Oryx International Growth Fund Limited

2) North Atlantic Smaller Companies Investment Trust Plc

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

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

10 June 2011

6. Date on which issuer notified:

20 June 2011

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

Holding decreased through 26%

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:

0942209

Holder 1 54,825,188 54,825,188 54,825,188 54,825,188 18.57%

Holder 2 14,666,667 14,666,667 14,666,667 14,666,667 4.97%

Holder 3 6,718,414 6,718,414 6,718,414 6,718,414 2.27%

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

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

76,210,269

25.81%

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

Not applicable

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:

North Atlantic Value LLP is the investment manager/adviser in respect of the full holding of 25.81% as it is investment manager/adviser to holders 1 and 2 as well as to the other clients included in Holder 3.

14 Contact name:

Carl Fry

15. Contact telephone name:

020 8606 2000