Notification of Major Interests in Shares

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

Stobart Group Limited

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

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 TO THE NUMBER OF VOTING RIGHTS IN ISSUE

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

INVESCO Limited

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

Registered Holder:

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

03 December 2008

6. Date on which issuer notified:

04 December 2008

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

26%, 27%

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 viii

Number of shares 

Number of voting rights ix

% of voting rights

Direct x

Indirect xi

Direct

Indirect

Ordinary SharesGB00B03HDJ73

58,396,929

58,396,929

62,195,345

62,195,345

 27.52%

B: Financial Instruments

Resulting situation after the triggering transaction xii

Type of financial instrument 

Expiration date xiii

Exercise/ Conversion Period/ Date xiv 

Number of voting rights that may be acquired if the instrument is exercised/ converted. 

% of voting rights

N/A

Total (A+B)

Number of voting rights

% of voting rights

62,195,345

27.52%

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

Bank of Ireland (Dublin) - 538,017

JP Morgan Chase - 119,423

Citibank - 53,213,057

HSBC (London) - 999,939

Mellon Bank Pittsburgh - 646,852

State Street Trust & Banking London - 6,209,596

Northern Trust (London) - 468,461

Proxy Voting:

10. Name of the 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:

14. Contact name:

Elaine Coleman

15. Contact telephone number:

01491 417394