Notifiable Interest

Leo Insurance Services PLC
22 March 2007

                   Leo Insurance Services 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:

Leo Insurance Services PLC

2. Reason for the notification

Previously notified holding

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

Eaglet Investment Trust PLC

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

HSBC Global Custody Nominees Ltd (a/c designation 866379)

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

N/A

6. Date on which issuer notified:

19 March 2007

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

Over 19%

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    N/A       1,412,476   N/A         N/A        1,412,476    N/A        19.574%

GB00B0NN1H91

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


N/A               N/A                 N/A                 N/A                    N/A

Total (A+B)
Number of voting rights                              % of voting rights


1,412,476                                            19.574% of class

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

N/A

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:

N/A

14. Contact name:

N/A

15. Contact telephone number:

N/A




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