Holding(s) in Company - Replacement | Company Announcement

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TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESⁱ

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ⁱⁱ		National Express Group PLC
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights			No
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached			No
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments			Yes
An event changing the breakdown of voting rights			No
Other (please specify):			No
3. Full name of person(s) subject to the notification obligation: ⁱⁱⁱ	Elliott International, L.P, Liverpool Ltd Partnership
4. Full name of shareholder(s) (if different from 3.):^iv	N/A
5. Date of the transaction and date on which the threshold is crossed or reached: ^v	22nd March 2012
6. Date on which issuer notified:	27th March 2012
7. Threshold(s) that is/are crossed or reached: ^{vi, vii}	20%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: ^xxi
Holding consists of the following positions: Shares - GB0006215205 Ordinary shares - 90,002,031 shares CFD - 12,529,537 shares Total equivalent ords = 102,531,568

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:	Dianne Robinson
15. Contact telephone number:	0121 460 8629

Holding(s) in Company - Replacement

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