Holding(s) in Company

Norcros PLC
24 October 2007


TR-1:    NOTIFICATION OF MAJOR INTERESTS IN SHARES

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

2. Reason for notification (yes/no)

An acquisition or disposal of voting rights                                                 Yes

An acquisition or disposal of financial instruments which may result in the                  No
acquisition of shares already issued to which voting rights are attached

An event changing the breakdown of voting rights                                             No

Other (please specify):______________                                                        No


3. Full name of person(s) subject to the notification         GAM International Management Limited
obligation:

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

5. Date of the transaction (and date on which the threshold                 10/07/07
is crossed or reached if different):

6. Date on which issuer notified:                                           12/07/07

7. Threshold(s) that is/are crossed or reached:                               3.0%

8. Notified details:

A: Voting rights attached to shares

Class/           Situation previous to   Resulting situation after the triggering transaction
                 the Triggering
type of shares   transaction

 if possible     Number of   Number of   Number of    Number of voting rights  % of voting rights
using the ISIN   Shares      Voting      shares
CODE                         Rights
                                         Direct       Direct       Indirect    Direct      Indirect

GB00B1Y9V062     0           0           5,125,000    5,125,000                3.98%


B: Financial Instruments

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

N/A                       N/A        N/A                            N/A                        N/A


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

5,125,000                                          3.98%


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

GAM International Management Limited is the discretionary invetsment manager for 
the following:

Period of Interest                 02/07/07 TO 12/07/07
Security                           Norcros PLC Ordinary GBP 0.1
ISIN                               GB00B1Y9V062
SEDOL                              B1Y9V06
Uptix Code                         9354079
Number of shares in issue          128,802,669.00


Trade Name           Fund Name                            Nomina         Running Total           % of Issue

02/07/07             Opening Balance                        0.00                  0.00                 0.00
10/07/07             GAM Star UK Dynamic            1,000,000.00          1,000,000.00                 0.78
                     Equity Investments
10/07/07             GAM UK Equity Hedge            4,125,000.00          5,125,000.00                 3.98
                     Investments Inc



Proxy Voting:
10. Name of the proxy holder:                      Institutional Shareholder Services
11. Number of voting rights proxy holder will      N/A
cease to hold:
12. Date on which proxy holder will cease to hold  N/A
voting rights:


13. Additional information:
14. Contact name:                                    Barbara Hall
15. Contact telephone number:                        020 7917 2356




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