Holding(s) in Company

Maintel Holdings PLC
19 January 2005


                      Maintel Holdings Plc ('the Company')

                   Disclosure of Material Interest in Shares



Shareholdings in Company

The Company was notified on 18th January 2005 by Marlborough Fund Managers
Limited of the following holdings of shares in the Company:

Class of security:              Ordinary shares of 1p each
Shares registered in name of:   HSBC Global Custody Nominee (UK) Ltd a/c
                                764685
Beneficiary:                    Marlborough Special Situations Fund
Date of Transaction:            Not Informed
Number of shares acquired:      465,000
% of issued capital:            3.4%
Resultant number of shares
held:                           465,000
% of issued capital:            3.4%

Class of security:              Ordinary shares of 1p each
Shares registered in name of:   HSBC Global Custody Nominee (UK) Ltd a/c
                                944287
Beneficiary:                    Marlborough UK Microcap Fund
Date of Transaction:            Not informed
Number of shares acquired:      240,000
% of issued capital:            1.8%
Resultant number of shares
held:                           240,000
% of issued capital:            1.8%

Contact:
Dale Todd, Finance Director 020 7401 0562




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