Notifiable Interest

Gleeson(M J)Group PLC
01 April 2008

                      MJ Gleeson Group PLC ('the Company')
                              Notifiable Interest



A form TR-1 containing the following information has been received by the
Company.

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:

MJ Gleeson Group PLC

2. Reason for the notification

An acquisition or disposal of voting rights

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

North Atlantic Value LLP (as investment advisor/manager)

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

1)  North Atlantic Smaller Companies Investment Trust PLC

2)  North Atlantic Value LLP (as investment manager/adviser to other fund
management clients)

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

31 March 2008

6. Date on which issuer notified:

1 April 2008

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

Total holding through 18%

8. Notified details:

A: Voting rights attached to shares

Class/type of      Situation previous to Resulting situation after the triggering transaction
shares             Triggering
                   transaction           Notification required under DTR transitional provision 7
if possible using
ISIN CODE
                   Number of  Number of  Number of    Number of voting rights % of voting rights
                   Shares     Voting     shares
                              Rights

                                         Direct       Direct     Indirect     Direct     Indirect


Ordinary Shares
Sedol: B01BNK2

Holder 1           4,000,000  4,000,000  4,347,250    4,347,250               8.32%
Holder 2           5,185,000  5,185,000  5,185,000    5,185,000               9.92%

B: Financial Instruments

Resulting situation after the triggering transaction


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




Total (A+B)

Number of voting rights                              % of voting rights


9,532,250                                            18.24%



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

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:

North Atlantic Value LLP is the investment manager/advisor in respect of the
full 18.24% holding as it is investment manager/adviser to holder 1 as well as
the other clients included in holder 2.

14. Contact name:

Jenny Hogg - Client Company Secretary, J O Hambro Capital Management Limited

15. Contact telephone number:

020 7747 5681




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