Holding(s) in Company

TR-1 (i) NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which
voting rights are attached (ii):

Hays plc

2. Reason for the notification                                           State 
                                                                         Yes/No
                                                                               
An acquisition or disposal of voting rights                                    
                                                                               
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):  Transparency Directive Transitional Provisions     YES   
                                                                               

3. Full name of person(s) subject to the          Morgan Stanley Investment    
notification obligation (iii):                     Management Ltd ("MSIM")     
                                                                               
4. Full name of shareholder(s) (if different   Various Clients for which MSIM  
from 3.) (iv):                                      has voting authority       
                                                                               
5. Date of the transaction (and date on which                N/A               
the threshold is crossed                                                       
or reached if different) (v):                                                  
                                                                               
6. Date on which issuer notified:                       16 March 2007          
                                                                               
7. Threshold(s) that is/are crossed or                      >10%               
reached:                                                                       
                                                                               
8. Notified details:                                                           
                                                                               

A: Voting rights attached to shares

Class/type of  Situation previous to  Resulting situation after the triggering 
   shares         the Triggering                  transaction (vii)            
 if possible     transaction (vi)                                              
  using the                                                                    
  ISIN CODE                                                                    
                                                                               
                Number      Number    Number  Number of voting    % of voting  
                  of          of        of      rights (ix)         rights     
                Shares      Voting    shares                                   
                            Rights                                             
                             (viii)                                            
                                                                               
                                      Direct Direct  Indirect   Direct Indirect
                                              (x)      (xi)                    
                                                                               
Ord 1p Shares 172,861,229 172,861,229               172,861,229         11.91% 
                                                                               
 GB0004161021                                                                  
                                                                               
                                                                               
                                                                               

B: Financial Instruments

Resulting situation after the triggering transaction (xii)

    Type of     Expiration     Exercise/         Number of voting       % of   
   financial       date       Conversion        rights that may be     voting  
  instrument      (xiii)     Period/ Date        acquired if  the      rights  
                                 (xiv)              instrument                 
                                              is exercised/converted           
                                                                               
                                                                               
                                                                               

Total (A+B)                               
                                          
Number of voting rights % of voting rights
                                          
172,861,229             11.91%            
                                          

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

     
     

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:                  
                                   
15. Contact telephone number:      
                                   

Annex Notification Of Major Interests In Shares (xvi)


A: Identity of the person or legal entity subject to                           
the notification obligation                                                    
                                                                               
Full name (including legal form for legal entities)      Maninder Dhiman       
                                                                               
Contact address (registered office for legal entities)   141 Moorgate London   
                                                        EC2M 6TX               
                                                                               
Phone number                                            0207 614 9423          
                                                                               
Other useful information (at least legal representative                        
for legal persons)                                                             
                                                                               
B: Identity of the notifier, if applicable (xvii)                              
                                                                               
Full name                                                                      
                                                                               
Contact address                                                                
                                                                               
Phone number                                                                   
                                                                               
Other useful information (e.g. functional relationship                         
with the person                                                                
or legal entity subject to the notification obligation)                        
                                                                               

C:  Additional information