Holding(s) in Company

Next PLC
12 October 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:
Next plc

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

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) : ( )

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


Thornburg Investment Management Inc

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


N/A

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


11 October 2007

6. Date on which issuer notified:


11 October 2007

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


5%

8. Notified details:


.................

A: Voting rights attached to shares

Class/type of shares if possible using    Situation previous to the Triggering
the ISIN CODE                             transaction
                                          Number of       Number of voting
                                          shares          Rights


GB0032089863                              Below 5%        Below 5%


Resulting situation after the triggering transaction

Class/type of shares if      Number of Number of voting      % of voting
possible using the ISIN      shares    rights                rights
CODE

                             Direct    Direct   Indirect     Direct   Indirect


GB0032089863                 N/A       N/A      10,645,404   N/A      5.06%

B: Financial Instruments


Resulting situation after the triggering transaction

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



Total (A+B)


Number of voting rights                      % of voting rights


10,645,404                                   5.06%



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


Thornburg Investment Management holds these shares as discretionary Investment
Manager.

Proxy Voting:

10. Name of the proxy holder:


N/A

11. Number of voting rights proxy holder will cease to hold:


N/A

12. Date on which proxy holder will cease to hold voting rights:


N/A

13. Additional information:



14. Contact name:



Benjamin Wiesenfeld



15. Contact telephone number:



505.954.5283 (USA)



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