Holding(s) in Company

Milestone Group PLC
12 October 2004


Immediate Release                                                12 October 2004


                      Milestone Group PLC (the 'Company')

                   Notification of major interests in shares

The Company received notification on 11 October 2004 from Landfinance Limited, a
British Virgin Islands company, informing it that following a purchase of a
further 400,000 ordinary shares on 8 October 2004, they have a notifiable
interest in 2,700,000 ordinary shares representing 12.21 per cent. of the total
issued ordinary share capital of the Company. The current issued share capital
of the company is 22,105,095 shares.


Contact:

Bobby Morse, Buchanan Communciations                             020 7466 5000



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