Holding(s) in Company

Debt Free Direct Group PLC
16 August 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:

Debt Free Direct plc


2. Reason for the notification (yes/no)

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:                                                No 


An event changing the breakdown of voting rights:                          No 


Other (please specify): Share issue by company                             No 



 
3. Full name of person(s) subject to the notification obligation:

Matthew R Peacock

Hanover General Partner I Limited

Hanover I Fund where the shares are registered 
in the name of Vidacos Nominees Limited

Hanover I Master Fund LP where the shares are 
registered in the name of Vidacos Nominees Limited

 

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

As above
 

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

16 August 2007



6. Date on which issuer notified:

16 August 2007
 

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

18%
 

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 

GB0032360280           6,267,272              6,267,272

 


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     Indirect        Direct   Indirect  

GB0032360280           7,587,748           7,587,748                  18.16%
 



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 

7,587,748                     18.16%

 

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

Vidacos Nominees Limited controls the total voting rights; being the vehicle
managed by the Prime Broker to Hanover I Fund LP and Hanover I Master Fund LP.

 


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:

Paul Latham
 

15. Contact telephone number:

0845 296 0200




                      This information is provided by RNS
            The company news service from the London Stock Exchange