Notification of Major Interest in Shares

TR-1: Notifications of Major Interests in Shares

1. Identity of the issuer or the underlying issuer of existing     Allocate Software Plc
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 notification        SVG Investment Management Limited (as investment
obligation:                                              manager/advisor)

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

5. Date of transaction (and date on which the            10 December 2009
threshold is crossed or reached if different):

6. Date on which issuer notified:                        11 December 2009

7. Threshold(s) that is/are crossed or reached:          Holding over 5% due to a purchase of shares

8: Notified Details

A: Voting rights attached to shares

Class/type    Situation previous to      Resulting situation after the triggering transaction
of shares     the triggering
If possible   transaction
use ISIN
code
              Number of     Number of    Number of     Number of voting rights    Percentage of voting
              shares        voting       shares                                   rights
                            rights

                                                       Direct        Indirect     Direct        Indirect

Ordinary
Shares
GB0006725062
                   nil                    nil          3,600,000     3,600,000     6.02%

B: Financial Instruments

Resulting situation after the triggering transaction

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

Total (A+B)

Number of voting rights                                Percentage of voting rights

3,600,000                                              6.02%

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:                              n/a

11. Number of voting rights proxy holder will cease    n/a
to hold:

12. Date on which proxy holder will cease to hold      n/a
voting rights:

13. Additional information:                            

14 Contact name:                                       Ben Russell

15. Contact telephone number:                          020 7010 8959

For notes on how to complete form TR-1 please see the FSA website.

Note: Annex should only be submitted to the FSA not the issuer

Annex: Notification of major interests in shares

A: Identity of the persons or legal entity subject to the notification obligation
Full name                                              SVG Investment Managers Limited
(including legal form of legal entities)

Contact address                                        SVG Investment Management Limited
(registered office for legal entities)                 Centrium
                                                       61 Aldwych
                                                       London
                                                       WC2B 4AE

Phone number & email                                   Ben Russell

Other useful information                               020 7010 8959
(at least legal representative for legal persons)

B: Identity of the notifier, if applicable
Full name                                              

Contact address                                        

Phone number & email                                   

Other useful information                               

(e.g. functional relationship with the person or
legal entity subject to the notification obligation)

C: Additional information

Allocate Software plc