Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi                                             
                                                                                            
                                                                                            
                                                                                            
1. Identity of the issuer or the underlying issuer                                          
of existing shares to which voting rights are                                 PHSC plc      
attached:ii                                                                                 
                                                                                            
2 Reason for the notification (please tick the appropriate box or boxes):                   
                                                                                            
An acquisition or disposal of voting rights                                       X  
                                                                                            
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):                                                                     
                                                                                            
3. Full name of person(s) subject to the                        Pershing Nominees Limited
notification obligation:iii                                               A/C MDCLT           
                                                                                            
4. Full name of shareholder(s) (if different from 3.) :                 Funds under         
                                                                the discretionary management
                                                                    of Midas Investment     
                                                                       Management Ltd       
                                                                                            
5. Date of the transaction and date on                                                      
which the threshold is crossed or                                        21/01/2010         
reached: v                                                                                  
                                                                                            
6. Date on which issuer notified:                                        22/01/2010           
                                                                                            
7. Threshold(s) that is/are crossed or                                    Under 3%            
reached: vi, vii                                                                            
                                                                                            

8. Notified details:                                                                    
                                                                                        
A: Voting rights attached to shares viii, ix                                            
                                                                                        
Class/type   Situation previous Resulting situation after the triggering transaction    
of           to the triggering                                                          
shares       transaction                                                                
                                                                                        
             Number   Number    Number    Number of    % of  voting rights x            
if possible  of       of        of shares voting                                        
using        Shares   Voting              rights                                        
the ISIN              Rights                                                            
CODE                            Direct    Direct xi    Indirect xii    Direct Indirect  
                                                                                        
                                                                                        
                                                                                        
Ordinary              600,396                          300,396                2.781%    
Shares                                                                                  
                                                                                        
GB0033113456                                                                            
                                                                                        
                                                                                        
                                                                                        
B: Qualifying Financial Instruments                                                     
                                                                                        
Resulting situation after the triggering transaction                                    
                                                                                        
Type of        Expiration    Exercise/             Number of voting         % of voting 
financial      date xiii     Conversion Period xiv rights that may be       rights      
instrument                                         acquired if the                      
                                                   instrument is                        
                                                   exercised/ converted.                
                                                                                        
N/A                                                                                     
                                                                                        
                                                                                        
                                                                                        
C: Financial Instruments with similar economic effect to Qualifying Financial           
Instruments xv, xvi                                                                     
                                                                                        
Resulting situation after the triggering transaction                                    
                                                                                        
Type of       Exercise Expiration   Exercise/     Number of voting rights  % of voting  
financial     price    date xvii    Conversion    instrument refers to     rights xix,  
instrument                          period xviii                           xx           
                                                                                        
                                                                                        
                                                                                        
                                                                           Nominal Delta    
N/A                                                                                     
                                                                                        
                                                                                        
Total (A+B+C)                                                                           
                                                                                        
Number of voting rights                 Percentage of voting rights                     
                                                                                        
300,396                                 2.781% of class                                 
                                                                                        


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:                                                    David Rodrigues    
                                                                                        
15. Contact telephone number:                                       00 44 161 242 2895  
                                                                                        

 

               Applicable in the cases provided for in DTR 5.2.1 (b) to (h).
This should be the full name of the shareholder or holder of financial
instruments who is the counterparty to the natural person or legal entity
referred to in DTR5.2.