Holding(s) in Company

TR-1:               notification of major interests in shares

 

1. Identity of the issuer or the underlying issuer of                   Hays plc       
existing shares to which voting rights are attached:                         
                                                                             
2. Reason for notification (yes/no)                                          
                                                                             
An acquisition or disposal of voting rights                             Yes   
                                                                             
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           Morgan Stanley    
obligation:                                                     Investment Management 
                                                                Limited ("MSIM")   
                                                                             
4. Full name of shareholder(s) (if different from 3.):          Morgan Stanley    
                                                                Investment Management 
                                                                International Equity Trust   
                                                                             
5. Date of the transaction (and date on which the               5th May 2009     
threshold is crossed or reached if different):                               
                                                                             
6. Date on which issuer notified:                               11th May 2009     
                                                                             
7. Threshold(s) that is/are crossed or reached:                 < 3%         
                                                                             

8. Notified details:
                    

A: Voting rights attached to shares                                           
                                                                              
Class/type   Situation previous to the Resulting situation after the          
of shares    Triggering transaction    triggering transaction                 
                                                                              
 if possible Number of  Number of      Number Number of voting % of voting    
using the    Shares     Voting Rights  of     rights           rights         
ISIN CODE                              shares                                 
                                                                              
                                       Direct Direct  Indirect Direct Indirect
                                                                              
ORD          57,564,732 57,564,732            0       Below 3% 0      Below 3%
GBP 0.01                                                                      
GB0004161021                                                                  
                                                                              

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/ Date  exercised/ converted.             rights 
                                                                              
    N/A        N/A          N/A                     N/A                  N/A  
                                                                              


Total (A+B)                                                                   
                                                                              
          Number of voting rights                   % of voting rights        
                                                                              
                 Below 3%                                Below 3%             
                                                                              
 

9. Chain of controlled undertakings through which the voting rights and/or the 
financial instruments are effectively held, if applicable:                     
                                                                               
Morgan Stanley Investment Management International Equity Trust                
                                                                               


Proxy Voting:                                                                  
                                                                               
10. Name of the proxy holder:                         Morgan Stanley Investment    
                                                      Management Limited       
                                                                               
11. Number of voting rights proxy holder will         N/A               
cease to hold:                                                                 
                                                                               
12. Date on which proxy holder will cease to          N/A               
hold voting rights:                                                            
                                                                               

                  
 
13. Additional         Date of transaction crossing 3% threshold is 5th May  
information:           2009.
                                                             
                       Previous triggering transaction notification of major       
                       shareholding was issued on 18th June 2007.                  
                                                                               
14. Contact name:      Sarah Pace                         
                                                                               
15. Contact            020 7425 4911                        
telephone number: