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 Management 
notification obligation (iii):                        Ltd ("MSIM")             
                                                                               
4. Full name of shareholder(s) (if        Morgan Stanley Investment Management 
different from 3.) (iv):                       International Equity Trust      
                                                                               
5. Date of the transaction (and date on                    N/A                 
which 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                     >3%                 
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   59,543,185 59,493,185               59,543,185         4.10%  
                                                                               
  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
                                          
59,543,185              4.10%             
                                          

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

Morgan Stanley Investment Management International Equity Trust
                                                               

Proxy Voting:


10. Name of the proxy holder:                    Morgan Stanley Investment     
                                                 Management Ltd                
                                                                               
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