Holding(s) in Company

AssetCo PLC
06 July 2007






TR-1: Notifications of Major Interests in Shares

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

ASSETCO PLC

2. Reason for notification 
(please place an X inside the appropriate bracket/s):

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 notification obligation:

NORTH ATLANTIC VALUE LLP (AS INVESTMENT MANAGER/ADVISOR)

4. Full name of shareholder(s) (if different from 3) :


5. Date of transaction (and date on which the threshold is crossed or reached 
if different):

4 JULY 2007

6. Date on which issuer notified:

5 JULY 2007

7. Threshold(s) that is/are crossed or reached:

BELOW 5%

8. Notified Details:

A: Voting rights attached to shares
 
Class/type of shares              Situation previous to  
if possible use                 the Triggering transaction                
ISIN CODE                       
                       Number of shares       Number of voting Rights 
ORDINARY SHARES
SEDOL: 3399738         3,376,000              3,376,000



 

                           Resulting situation after the triggering transaction 
 
Class/type of shares   Number of shares  Number of voting rights    % of voting rights  
if possible use                                                                 
ISIN CODE                                Direct    Indirect         Direct    Indirect  
                       3,126,000         3,126,000                  4.65%
 

B: Financial Instruments

Resulting situation after the triggering transaction 

Type of     Expiration date  Exercise/conversion  No. of voting     % of voting     
financial                    period/date          rights that may   rights          
instrument                                        be acquired (if                       
                                                  the instrument                         
                                                  exercised/
                                                  converted)                           

 

Total (A+B)
Number of voting rights       % of voting rights 
3,126,000                     4.65%

 

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


 


Proxy Voting:

 
10. Name of 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:

NONE
 

14. Contact name:


 

15. Contact telephone number:

020 7747 5681





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