Holding(s) in Company

ARC International plc
                  
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TR-1: Notifications of Major Interests in Shares
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1. Identity of the issuer or the underlying issuer of existing shares to    Arc International PLC
 which voting rights are attached:
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2. Reason for notification (yes/no)
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An acquisition or disposal of voting rights                                    Yes
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An acquisition or disposal of financial instruments which may result in the    No
 acquisition of shares already issued to which voting rights are attached
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An event changing the breakdown of voting rights                               No
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Other (please specify):______________
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3. Full name of person(s) subject to       River and Mercantile Asset Management LLP
 notification obligation:
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4. Full name of shareholder(s) (if         Bank of New York Nominees Limited, Custody Account 305713
 different from 3):
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5. Date of transaction (and date on which  17 April 2008
 the threshold is crossed or reached if
 different):
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6. Date on which issuer notified:          18 April 2008
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7. Threshold(s) that is/are crossed or
 reached:                                  5%
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8: Notified
 Details
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A: Voting rights
 attached to
 shares
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Class/type of   Situation previous to the    Resulting situation after the triggering transaction
 shares          triggering transaction
If possible use ------------------------------------------------------------------------------------------------------
 ISIN code      Number of   Number of voting Number of    Number of               Percentage of voting
                 shares      rights           shares       voting                  rights
                                                           rights
                                                          ------------------------------------------------------------
                                                          Direct      Indirect    Direct               Indirect
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GB0009645481    6,980,578   6,980,578        7,758,378    7,758,378   nil         5.08%                nil
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B: Financial Instruments
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Resulting situation after the triggering transaction
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Type of        Expiration dateExercise/      No. of voting rights Percentage of
 financial                     conversion     that may be acquired voting rights
 instrument                    period/date    (if the instrument
                                              exercised/converted)
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Total (A+B)
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Number of voting rights                  Percentage of voting rights
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7,758,378                                5.08%
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9. Chain of controlled undertakings through which the voting rights and /or the
 financial instruments are effectively held, if applicable:
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Proxy Voting:
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10. Name of proxy holder:                River and Mercantile Asset Management LLP
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11. Number of voting rights proxy holder
 will cease to hold:                     N/A
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12. Date on which proxy holder will cease
 to hold voting rights:                  N/A
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13. Additional information:
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14 Contact name:                          Charles Rendell
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15. Contact telephone name:               01727 891430
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