Holding(s) in Company

For filings with the FSA include the annex

For filings with issuer exclude the annex 

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. 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):

23 December 2008

6. Date on which issuer notified:

29 December 2008

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

No change in Total Holding still above 18% . Individual holding now above 11%

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 4,347,250 4,347,250 6,172,250 6,172,250 11.76%

Holder 2 5,185,000 5,185,000 3,360,000 3,360,000 6.40%

Total voting rights = 18.16%

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

9,532,250

18.16%

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 18.16% holding as it is investment manager/adviser to holder 1 as well as the other clients included in holder 2. 

14 Contact name:

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

15. Contact telephone number:

020 7747 5681