Holding(s) in Company

Northacre PLC
08 January 2007


                   NOTIFICATION OF MAJOR INTERESTS IN SHARES


1. Name of company

NORTHACRE PLC



2. Name of shareholder having a major interest

GILTSPUR NOMINEES LIMITED


3. Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18

MR DAVID JOHN GLADMAN


4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them

GILTSPUR NOMINEES LIMITED


5. Number of shares / amount of stock acquired

NIL


6. Percentage of issued class

NIL


7. Number of shares / amount of stock disposed

2,732,500 ORDINARY SHARES


8. Percentage of issued class

12.03%


9. Class of security

ORDINARY SHARES


10. Date of transaction

3RD JANUARY 2007


11. Date company informed

5TH JANUARY 2007


12. Total holding following this notification

NIL ORDINARY SHARES


13. Total percentage holding of issued class following this notification

NIL


14. Any additional information


15. Name of contact and telephone number for queries

JOHN HUNTER, MANISH SANTILALE, 0207 349 8000


16. Name and signature of authorised company official responsible for making
this notification

JOHN HUNTER


Date of notification

8TH JANUARY 2007


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