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:

Specialist Energy Group Plc

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

An acquisition or disposal of voting rights

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

An event changing the breakdown of voting rights

Other (please specify):

Change of the Share Capital of the company due to placing undertaken by the company

 X

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

 FIL Limited

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

See attached schedule

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

20 January 2010

6. Date on which issuer notified:

21 January 2010

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

5%

8. Notified details:

A: Voting rights attached to shares

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

Direct

Direct

Indirect

Direct

Indirect

 IM00B511CF53

 397,538

 397,538

 397,538

 397,538

 1.99

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date

Exercise/ Conversion Period

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

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date

Exercise/ Conversion period

Number of voting rights instrument refers to

% of voting rights

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

 397,538

 1.99%

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

 See attached schedule

Proxy Voting:

10. Name of the proxy holder:

FIL Limited

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:

Change of the Share Capital of the company due to placing undertaken by the company

14. Contact name:

 Evangelos Karatzas

15. Contact telephone number:

 [email protected]

Issuer name:

SPECIALIST ENERGY GROUP PLC

Current ownership percentage:

1.99%

Total shares held:

397,538

Issued Share Capital:

19,957,265

SHARES HELD

NOMINEE

MANAGEMENT COMPANY

373,990

Brown Bros Harrimn Ltd Lux

FIL

23,548

Brown Brothers Harriman and Co

FIJ