Holding(s) in Company

Allergy Therapeutics PLC
09 November 2007


TR-1:               notification of major interests in shares


1. Identity of the issuer or the underlying issuer of existing    Allergy Therapeutics plc
shares to which voting rights are attached:
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: Transferred to external fund manager                                                        X
3. Full name of person(s) subject to the notification obligation: BT Pension Scheme Trustees Limited as
                                                                  trustess of the BT Pension Scheme
4. Full name of shareholder(s) (if different from 3.):            N/A
5. Date of the transaction and date on which the threshold is     1 November 2007
crossed or reached:
6. Date on which issuer notified:                                 8 November 2007
7. Threshold that is reached or crossed:                          3%


8. Notified details:


A: Voting rights attached to shares
Class/type of shares   Situation previous   Resulting situation after the triggering transaction
                       to the Triggering
if possible using the  transaction
ISIN CODE              Number of Number of  Number of    Number of voting rights   % of voting rights
                       Shares    Voting     shares
                                 Rights     Direct       Direct       Indirect     Direct    Indirect
GB00B02LCQ05                4,540,027       2,511,761    2,511,761    0            3.06%     0.00%

ORD £0.001


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


Total (A+B)
Number of voting rights                            % of voting rights
2,511,761                                          3.06%


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



Proxy Voting:
10 Name of the proxy holder:                                       See 13 below
11 Number of voting rights proxy holder will cease to hold:        See 13 below
12 Date on which proxy holder will cease to hold voting rights:    See 13 below


13 Additional information:                   Hermes Investment Management Limited hold the voting rights
                                             under a standing proxy contained in investment management
                                             agreements with various underlying clients, which includes all
                                             of the shares owned directly by the BT Pension Scheme.

                                             All voting rights held on behalf of the above entities are
                                             aggregated for the purposes of DTR 5.2.1(a) and disclosed
                                             pursuant to DTR 5.1.5.

                                             This disclosure is made by BT Pension Shceme Trustees Limited,
                                             which is the ultimate parent undertaking for the purposes of DTR
                                             5.2.1(e).




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