Holding(s) in Company

Hays PLC
20 November 2003


                                                     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 (27,591,738); State Street Nominees Ltd (45,624,258); Mellon Nominees
          (25,901,632); Northern Trust Nominees (14,436,555); Salomon Smith Barney (21,833,635), Chase
          (29,538,828), Deutsche Bank (5,975,308); Societe Generale (654,360); Banque Privee Edmond de
          Rothschilds (113,511); Royal TST (481,332); National Australia Bank (455,589);

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:

          19 November 2003

12)       Total holding following this notification:

          172,606,746

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

          9.94%

14)       Any additional information:

          Morgan Stanley Investment Management Ltd no longer has a notifiable interest in the Ordinary
          shares of 1p each in Hays plc.

15)       Name of contact and telephone number for queries:

          S J Charnock

          Group Secretary

          01483 302203

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

          S J Charnock

          Group Secretary

          Date of notification:                    20 November              2003


                      This information is provided by RNS
            The company news service from the London Stock Exchange