Holding(s) in Company

AssetCo PLC
27 June 2007


TR-1: NOTIFICATION OF MAJOR INTERESTS IN SHARES


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

AssetCo plc


2. Reason for the notification (please state Yes/No): (   )

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:                          (Yes)

Other (please specify) :                                                   (   )

Transfer of some shares between holders
 
3. Full name of person(s) subject to the notification obligation:

North Atlantic Value LLP (as investment manager/advisor)
 

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

1. North Atlantic Smaller Companies Investment Trust PLC

2. North Atlantic Value LLP (as Investment Manager/Adviser to other fund 
   management clients)
 

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

27 April 2007 

6. Date on which issuer notified:

27 April 2007
 

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

Individual holding decrease below 3%
 

8. Notified details:


 


A: Voting rights attached to shares

 
Class/type of shares            Situation previous to  
if possible using the           the Triggering         
ISIN CODE                       transaction        
                       Number of shares       Number of voting Rights 

Ordinary Shares
Sedol:
3399738

Holder 1:                2,500,000                2,500,000
         
Holder 2:                1,813,540                1,813,540

 
                     Resulting situation after the triggering transaction 
 
Class/type of shares Number of shares  Number of voting rights    % of voting rights  
if possible using                                                                 
the ISIN CODE                                                                         
                     Direct            Direct     Indirect        Direct    Indirect  

Ordinary Shares
Sedol:
3399738

Holder 1            1,501,000         1,501,000                    2.23%

Holder 2            1,900,000         1,900,000                    2.83%
 
                                                       TOTAL       5.06%
B: Financial Instruments

Resulting situation after the triggering transaction 

Type of     Expiration Date  Exercise/Conversion Number of voting     % of voting     
financial                    Period/ Date        rights that may be   rights          
instrument                                       acquired if the                      
                                                 instrument is                        
                                                 exercised/                           
                                                 converted.                           

 

Total (A+B)
Number of voting rights       % of voting rights 

3,401,000                         5.06%
 

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


Not Applicable 


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 information:

North Atlantic Value LLP is the investment manager/advisor in respect of the 
full holding of 5.06% as it is investment manager to holder 1 as well as the 
other clients included in holder 2.
 

14. Contact name:

Bonita Guntrip
 

15. Contact telephone number:

020 7747 5681





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