Holding(s) in Company

Stobart Group Limited
27 March 2008


TR-1:       NOTIFICATION OF MAJOR INTERESTS IN SHARES 

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

Stobart Group Limited


2. Reason for the notification     (please tick the appropriate box or boxes)

Other (please specify):_Shares in issue updated

3. Full name of person(s) subject to the                
notification obligation

Artemis Investment Management Ltd


4. Full name of shareholder(s) (if different               BHS Senior Management Scheme
from 3.)
                                                               City of London Cash

                                                                  Artemis Income

                                                                       Saul

                                                                  MT Income Fund

                                                               Artemis High Income

                                                                BHS Pension Scheme

                                                              City of London Pension

                                                               HSBC - UK Equity Inc

                                                                BBC Pension Trust


5. Date of the transaction (and date on                           14 March 2008
which the threshold is crossed or reached if
different)

6. Date on which issuer notified:                                 17 March 2008

7. Threshold(s) that is/are crossed or                                 11%
reached:


8. Notified details:

A: Voting rights attached to shares
Class/type of      Situation previous to  Resulting situation after the triggering transaction
shares             the Triggering
                   transaction
 if possible using Number of   Number of  Number of    Number of voting rights  % of voting rights
the ISIN CODE      Shares      Voting     shares
                               Rights     Direct       Direct      Indirect     Direct       Indirect
Ordinary 10p

Shares             17,008,125  17,008,125 17,008,125   17,008,125               10.59%

(GB00B03HDJ73)


B: Financial Instruments

Resulting situation after the triggering transaction
Type of financial        Expiration     Exercise/ Conversion     Number of voting rights % of voting
instrument               date           Period/ Date             that may be acquired if rights
                                                                 the instrument is
                                                                 exercised/ converted.

Total (A+B)
Number of voting rights                              % of voting rights

17,008,125                                           10.59%


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

   BHS Senior Management Scheme - 142,023 - 0.09%

   City of London Cash - 1,150,875 - 0.71%

   Artemis Income - 8,237,857 - 5.13%

   Saul - 523,000 - 0.33%

   MT Income Fund - 605,000 - 0.38%

   Artemis High Income - 3,453,541 - 2.15%

   BHS Pension Scheme - 550,000 - 0.34%

   City of London Pension - 768,075 - 0.48%

   HSBC - UK Equity Inc - 77,754 - 0.05%

   BBC Pension Trust - 1,500,000 - 0.93%


Proxy Voting:

10. Name of the proxy holder:                                             N/A

11. Number of voting rights proxy holder will cease to                    N/A
    hold:

12. Date on which proxy holder will cease to hold voting                  N/A
    rights:

13. Additional information:

14. Contact name:                      Richard Butcher - Company Secretary

15. Contact telephone number:          01228 822500




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