Holding(s) in Company

Stobart Group Limited
23 October 2007


TR-1 Notification of major interests in shares

1. Identity of the issuer or the underlying issuer of existing              Stobart Group Limited
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                                  X

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):  Change to the number of voting rights in issue

3. Full name of person(s) subject to the notification               Artemis Investment Management Limited
obligation:

4. Full name of shareholder(s) (if different from 3.):
                                                                 BHS Senior Management Scheme 142,023

                                                                 City of London Cash A/c 1,150,875

                                                                 Artemis Income 8,237,857

                                                                 SAUL 523,000

                                                                 MT Income Fund 605,000

                                                                 Artemis High Income 3,453,541

                                                                 BHS Pension Scheme 550,000

                                                                 City of London Pension A/c 768,075

                                                                 HSBC UK Equity Income 42,136

                                                                 BBC Pension Trust 1,500,000


5. Date of the transaction (and date on which the threshold is   17 October 2007
crossed or reached if different)(:


6. Date on which issuer notified:                                22 October 2007


7. Threshold(s) that is/are crossed or reached:                  17%



8. Notified details:





A: Voting rights attached to shares


Class/type of   Situation previous to   Resulting situation after the triggering transaction
shares          the Triggering
                transaction
 if possible    Number of  Number of    Number of   Number of voting rights ix  % of voting rights
using the ISIN  Shares     Voting       shares
CODE                       Rights viii  Direct      Direct  x      Indirect xi  Direct        Indirect



Ordinary Shares
GB00B03HDJ73    15,472,507  15,472,507   16,972,507  16,972,507    0            17%           0


B: Financial Instruments


Resulting situation after the triggering transaction xii


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


N/A



Total (A+B)


Number of voting rights                               % of voting rights


16,972,507                                            17%


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

   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:                           Nicola Collins

   15. Contact telephone number:               0131 718 0414


Annex Notification Of Major Interests In Shares

B:        Identity of the notifier, if applicable

Full name                                                  Melanie Torode

Contact address                                            PO Box 327, Suite 4, Albert House, South
                                                           Esplanade, St Peter Port, Guernsey, GY1 3TX

Phone number                                               01481 735542

Other useful information (e.g. functional relationship     Company Secretary, Assura Administration
with the person or legal entity subject to the             Limited, as Secretary
notification obligation)


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