Holding(s) in Company

TR-1:               Notification of major interests in shares

 

1. Identity of the issuer or the underlying issuer of                   Hays plc      
existing shares to which voting rights are attached:                         
                                                                             
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 the notification    Morgan Stanley      
obligation:                                              Investment          
                                                         Management Limited  
                                                         ("MSIM")            
                                                                             
4. Full name of shareholder(s) (if different from 3.):   Various clients for 
                                                         which MSIM has      
                                                         voting authority    
                                                                             
5. Date of the transaction (and date on which the        8th May 2009        
threshold is crossed or reached if different):                               
                                                                             
6. Date on which issuer notified:                        12th May 2009       
                                                                             
7. Threshold(s) that is/are crossed or reached:          10%                 
                                                                             
                                                                             

8. Notified details:
                    

A: Voting rights attached to shares                                                 
                                                                                    
Class/type   Situation previous to   Resulting situation after the triggering       
of shares    the Triggering          transaction                                    
             transaction                                                            
 if possible                                                                        
using the    Number of   Number of   Number of   Number of voting    % of voting    
ISIN CODE    Shares      Voting      shares      rights              rights         
                         Rights                                                     
                                      Direct     Direct  Indirect    Direct Indirect
                                                                                    
ORD          165,196,236 165,196,236 137,023,791         137,023,791        9.95%   
GBP 0.01                                                                            
GB0004161021                                                                        


B: Financial Instruments                                                      
                                                                              
Resulting situation after the triggering transaction                          
                                                                              
Type of     Expiration Exercise/     Number of voting rights that may  % of   
financial   date       Conversion    be acquired if the instrument is  voting 
instrument             Period/ Date  exercised/ converted.             rights 
                                                                              
                                                                              
                                                                              

 

Total (A+B)                                                                   
                                                                              
          Number of voting rights                   % of voting rights        
                                                                              
                137,023,791                               9.95%               
                                                                              

9. Chain of controlled undertakings through which the voting rights and/or the 
financial instruments are effectively held, if applicable:                     
                                                                               
Morgan Stanley Investment Management Limited        137,023,791         9.95%                                            
                                                                               


Proxy Voting:                                                       
                                                                    
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     Date of transaction crossing 10% threshold is 8th May 
information:       2009.                                                       
                                                                 
                   Previous triggering transaction notification of major       
                   shareholding was issued on 18th June 2007.                  
                                                                               
14. Contact name:  Nkilika Amobi                                               
                                                                               
15. Contact        020 7677 1871                                               
telephone number:                                                              
                                                                               


Annex Notification Of Major Interests In Shares

A: Identity of the person or legal entity subject to the notification          
obligation                                                                     
                                                                               
Full name (including legal form for legal         Morgan Stanley Investment    
entities)                                         Management Limited           
                                                                               
Contact address (registered office for legal      25 Cabot Square              
entities)                                         Canary Wharf          
                                                  London                       
                                                  E14 4QA                      
                                                                               
Phone number                                      020 7425 8000                
                                                                               
                                                                               
                                                                               
Other useful information (at least legal                                       
representative for legal persons)                                              
                                                                               
B: Identity of the notifier, if applicable                              
                                                                               
Full name                                         Nkilika Amobi 

Contact address                                   20 Cabot Square
                                                  Canary Wharf    
                                                  London   
                                                  E14 4QW  
                                                                     
Phone number                                      020 7677 1871     
                                                                               
Other useful information (e.g. functional 
relationship with the person or legal entity 
subject to the notification obligation)                 
                                                                               

C:        Additional information