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Notifiable Interest

22nd Mar 2007 17:03

Gleeson(M J)Group PLC22 March 2007 M J Gleeson Group PLC ("the Company") Notifiable Interest A form TR-1 containing the following information has been received by theCompany. TR-1 notification of major interests in shares 1. Identity of the issuer or the underlying issuer of existing shares to whichvoting rights are attached: M J Gleeson Group PLC 2. Reason for the notification An acquisition or disposal of voting rights 3. Full name of person(s) subject to the 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 5. Date of the transaction (and date on which the threshold is crossed orreached if different): n/a 6. Date on which issuer notified: 20 March 2007 7. Threshold(s) that is/are crossed or reached: 13% 8. Notified details: A: Voting rights attached to sharesClass/type of Situation previous to Resulting situation after the triggering transactionshares Triggering transaction Notification required under DTR transitional provision 7if possible usingISIN CODE Number of Number of Number of Number of voting rights % of voting rights Shares Voting shares Rights Direct Direct Indirect Direct Indirect GB00B01BNK27 Holder 1 2,477,933 2,477,933 2,500,000 2,500,000 4.82% Holder 2 4,329,158 4,329,158 4,431,342 4,431,342 8.54% Total 13.36% B: Financial InstrumentsResulting situation after the triggering transaction Type of financial Expiration date Exercise/ Number of voting % of voting rightsinstrument Conversion Period/ rights that may be Date acquired if the instrument is exercised/ converted Total (A+B)Number of voting rights % of voting rights 6,931,342 13.36% 9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: N/A 10. Name of the 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/advisor in respect of thefull 13.36% holding as it is investment manager/adviser to holder 1 as well asthe other clients included in holder 2. 14. Contact name: M J Gleeson Group plc Edwin Lawrie Director & Company Secretary 15. Contact telephone number: Tel: 01252 360300 This information is provided by RNS The company news service from the London Stock Exchange

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