Holding(s) in Company

Acal PLC
10 January 2008

Letter to Acal Plc
Dated 8 January 2008


RE:  Declaration of Interest in Shares

In accordance with Part IV of the Companies Act 1985 (as amended), we write to
inform you that Artemis Investment Management Limited, and certain of its
investment clients, have a notifiable interest of 1,798,519 shares, representing
6.81% of the issued share capital of your company.

Full details of the interest and the beneficial holders are detailed below.



Karen Paine
Artemis Investment Management Ltd



Beneficial Owner                     Number of Shares Held          % Interest

Artemis UK Smaller Companies            1,414,405                       5.35
BHS Pension Scheme                         80,000                       0.30
BHS Senior Management                      20,000                       0.08
COL Cash A/C                              127,882                       0.49
COL Pension A/C                            74,929                       0.28
COL Hampstead Heath                        25,208                       0.10
COL Charities Pool                         11,751                       0.04
P&O Pension Scheme                         44,344                       0.17




For filings with the FSA include the annex
For filings with issuer exclude the annex


TR-1: Notifications of Major Interests in Shares

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

Acal plc
Ord 5p

2. Reason for notification 
(please place an X inside the appropriate bracket/s):

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 notification obligation:

Artemis Investment Management Ltd

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

Artemis UK Smaller Companies            
BHS Pension Scheme                      
BHS Senior Management                   
COL Cash A/C                            
COL Pension A/C                         
COL Hampstead Heath                     
COL Charities Pool                      
P&O Pension Scheme                      

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

7th January 2008

6. Date on which issuer notified:

8th January 2008

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

7%

8. Notified Details:

A: Voting rights attached to shares
 
Class/type of shares              Situation previous to  
if possible use                 the Triggering transaction                
ISIN CODE                       
                       Number of shares       Number of voting Rights 


GB0000055888                1,998,519             1,998,519
 

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


GB0000055888             1,798,519       1,798,519                  6.81% 

B: Financial Instruments

Resulting situation after the triggering transaction 

Type of     Expiration date  Exercise/conversion  No. of voting     % of voting     
financial                    period/date          rights that may   rights          
instrument                                        be acquired (if                       
                                                  the instrument                         
                                                  exercised/
                                                  converted)                           

 

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

1,798,519                         6.81%
 

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 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:

KAREN PAINE
 

15. Contact telephone number:

0131 718 0414


For notes on how to complete form TR-1 please see the FSA website.



Note: Annex should only be submitted to the FSA not the issuer


 
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