Holding(s) in Company

Hays PLC
23 July 2002


                                                     SCHEDULE 10

                                      NOTIFICATION OF MAJOR INTERESTS IN SHARES

1)        Name of company:

           Hays plc

2)        Name of shareholder having a major interest:

          Morgan Stanley Investment Management Ltd, a member of the Morgan Stanley Group of companies

3)        Please state whether notification indicates that it is in respect of holding of the shareholder
          named in 2 above or in respect of a non-beneficial interest or in the case of an individual
          holder if it is a holding of that person's spouse or children under the age of 18:

          Discretionary Investment Management by Morgan Stanley Investment Management Ltd

4)        Name of the registered holder(s) and, if more than one holder, the number of shares held by each
          of them:

          Chase Nominees Ltd (57,403,433); State Street Nominees Ltd (63,599,888); Mellon Nominees
          (33,059,830); Nortrust Nominees (13,396,374); Deutsche Bank (5,855,463); SG Nominees Ltd (Societe
          Generale) (575,052); Royal Bank of Canada Nominees (242,956)

5)        Number of shares/amount of stock acquired:

          Not advised

6)        Percentage of issued class:

          Not advised

7)        Number of shares/amount of stock disposed:

          Not advised

8)        Percentage of issued class:

          Not advised

9)        Class of security:

          Ordinary 1p shares

10)       Date of transaction:

          Not advised

11)       Date company informed:

          23 July 2002

12)       Total holding following this notification:

          174,132,996

13)       Total percentage holding of issued class following this notification:

          10.03%

14)       Any additional information:


15)       Name of contact and telephone number for queries:

          P A Dungate

          Senior Solicitor

          01483 302203

16)       Name and signature of authorised company official responsible for making this notification:

          P A Dungate

          Senior Solicitor

          Date of notification:                    23 July                  2002







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