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       Artemis Investment Management Ltd
obligation:

4. Full name of shareholder(s) (if different from 3.):      Artemis UK Smaller Companies

                                                            Barclays Smaller Companies

                                                            BAE Systems 2000 Pension Plan

                                                            Trustees Limited

                                                            BAE Systems Pension Funds CIF Trustees
                                                            Limited

5. Date of the transaction (and date on which the threshold 10/07/07 (SD 16/07/07 - shares came from
is crossed or reached if different):                        a placing)

6. Date on which issuer notified:                           17/07/07

7. Threshold(s) that is/are crossed or reached:             8.0%

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           11,910,000   11,910,000               8.01%


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

11,910,000                                         8.01%


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


N/A


Proxy Voting:

10. Name of the proxy holder:                      N/A

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:                                    Karen Paine

15. Contact telephone number:                        0131 718 0414




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