Notifiable Interest

Gleeson(M J)Group PLC
22 March 2007

                     M J Gleeson Group PLC ('the Company')

                              Notifiable Interest



A form TR-1 containing the following information has been received by the
Company.

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:

M J Gleeson Group PLC

2. Reason for the notification

An acquisition or disposal of voting rights

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

North Atlantic Value LLP (as investment advisor manager)

4. Full name of shareholder(s) (if different from 3):

1)North Atlantic Smaller Companies Investment Trust PLC

2)North Atlantic Value LLP

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

n/a

6. Date on which issuer notified:

20 March 2007

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

13%

8. Notified details:

A: Voting rights attached to shares
Class/type of      Situation previous to Resulting situation after the triggering transaction
shares             Triggering
                   transaction           Notification required under DTR transitional provision 7
if possible using
ISIN CODE
                   Number of  Number of  Number of    Number of voting rights % of voting rights
                   Shares     Voting     shares
                              Rights     Direct       Direct     Indirect     Direct     Indirect


GB00B01BNK27

Holder 1           2,477,933  2,477,933  2,500,000    2,500,000               4.82%

Holder 2           4,329,158  4,329,158  4,431,342    4,431,342               8.54%

                                                                              Total

                                                                              13.36%

B: Financial Instruments
Resulting situation after the triggering transaction


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




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


6,931,342                                            13.36%



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

N/A

10. Name of the Proxy holder:

N/A

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

N/A

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

N/A

13. Additional information:

North Atlantic Value LLP is the investment manager/advisor in respect of the
full 13.36% holding as it is investment manager/adviser to holder 1 as well as
the other clients included in holder 2.

14. Contact name:

M J Gleeson Group plc

Edwin Lawrie

Director & Company Secretary



15. Contact telephone number:



Tel: [phone]


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