Holding(s) in Company

ITIS Holdings PLC
10 January 2005


10 January 2005


                         ITIS HOLDINGS PLC (the 'Company')

                                Holding in Company


On 7th January 2005, the Company was informed by Peder Smedvig Capital AS
('Smedvig') that, as at that date and following the purchase of 125,000 ordinary
shares of 2p each in the Company ('Ordinary Shares'), Smedvig had an interest in
11,620,212 Ordinary Shares representing approximately 12.07 per cent of the
Ordinary Shares in issue

Smedvig is represented on the board of the Company by John Hewett, a non-
executive director. Mr Hewett holds 150,000 Ordinary Shares in addition to
Smedvig's shareholding.


Contact
Andrew Forrest                               0161 927 3600
Finance Director




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