Holding(s) in Company

Acal PLC
10 December 2004

Acal plc (the "Company") received notice on 9th December 2004 that, for the
purposes of Part VI of the Companies Act 1985 (as amended) Artemis Investment
Management Limited and certain of its subsidiary companies have a notifiable
interest in the issued share capital of the Company as detailed below.



Beneficial Owner                          Holding      Total notifiable interest

Artemis UK Smaller Companies Fund         1,621,631         6.15%






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