Holding(s) in Company

Quadnetics
Group plc

19 November 2007

TR-1(i): NOTIFICATION OF
MAJOR INTERESTS IN SHARES

1. Identity of the issuer or
the underlying issuer of existing shares to which voting rights are
attached (ii):

Quadnetics Group plc

2. Reason for the
notification (please state Yes/No):

An acquisition or disposal of
voting rights: Yes

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

An event changing the
breakdown of voting rights: No

Other (please specify) : No

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

Brewin Dolphin Limited

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

N/A

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

16 November 2007

6. Date on which issuer
notified:

19 November 2007

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

5%

8. Notified details:


+-----------------------------------------------------------------------------------+
|A:                                                                                 |
|Voting rights attached to shares                                                   |
|                                                                                   |
|-----------------------------------------------------------------------------------|
|Class/type          |Situation          |Resulting                                 |
|of shares           |previous to the    |situation after the triggering transaction|
|If                  |triggering         |------------------------------------------|
|possible using the  |transaction        |Number  |Number           |%              |
|ISIN code           |                   |of      |of voting rights |voting rights  |
|                    |                   |shares  |(IX)             |               |
|                    |-------------------|Direct  |-----------------+---------------|
|                    |Number   |Number   |        |Direct |Indirect |Direct|Indirect|
|                    |of shares|of voting|        |(X)    |(XI)     |      |        |
|                    |         |rights   |        |       |         |      |        |
|                    |         |(VII)    |        |       |         |      |        |
|--------------------+---------+---------+--------+-------+---------+------+--------|
|Ordinary            |846,770  |846,770  |N/A     |N/A    |840,103  |N/A   |4.9688  |
|20p shares          |         |         |        |       |         |      |        |
|                    |         |         |        |       |         |      |        |
|GB0007156838        |         |         |        |       |         |      |        |
+-----------------------------------------------------------------------------------+





+------------------------------------------------------------------------------+
|B:                                                                            |
|Financial Instruments                                                         |
|------------------------------------------------------------------------------|
|Resulting                                                                     |
|situation after the triggering transaction (XII)                              |
|                                                                              |
|------------------------------------------------------------------------------|
|Type        |Expiration |Exercise/Conversion |Number                   |%     |
|of financial|date (XIII)|Period/Date (XIV)   |of voting rights that may|of    |
|instrument  |           |                    |be acquired if the       |voting|
|            |           |                    |instrument is            |rights|
|            |           |                    |exercised/converted      |      |
|------------+-----------+--------------------+-------------------------+------|
|-           |-          |-                   |-                        |-     |
+------------------------------------------------------------------------------+



+-------------------------------------+
| Total                               |
| (A+B)                               |
|-------------------------------------|
| Number           | %                |
| of voting rights | of voting rights |
|------------------+------------------|
| 840,103          | 4.9688           |
+-------------------------------------+


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

Indirect - Giltspur Nominees
Limited - 840,103 shares 4.9688%

Proxy Voting:

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:

Figures based on shares in
issue of 16,904,774

The indirect voting rights
under (9) relate to shares held in client portfolios, managed by
those firms,
under discretionary investment management agreements.

14. Contact name:

Lee Jemmerson ASI

15. Contact telephone number:

0191 279 7334

Notes to the Forms
(i) This form is to be sent
to the issuer or underlying issuer and to be filed with the competent
authority.
(ii) Either the full name of
the legal entity or another method for identifying the issuer or
underlying
issuer, provided it is reliable and accurate.
(iii) This should be the full
name of (a) the shareholder; (b) the person acquiring, disposing of
or
exercising voting rights in the cases provided for in DTR5.2.1 (b) to
(h);  (c)
all the parties to the agreement referred to in DTR5.2.1 (a), or (d)
the direct
or indirect holder of financial instruments entitled to acquire
shares already
issued to which voting rights are attached, as appropriate.
In relation to the
transactions referred to in points DTR5.2.1 (b) to (h), the following
list is
provided as indication of the persons who should be mentioned:
- in the circumstances
foreseen in  DTR5.2.1 (b), the person that acquires the voting rights
and is
entitled to exercise them under the agreement and the natural person
or legal
entity who is transferring temporarily for consideration the voting
rights;
- in the circumstances
foreseen in DTR 5.2.1 (c), the person holding the collateral,
provided the
person or entity controls the voting rights and declares its
intention of
exercising them, and person lodging the collateral under these
conditions;
- in the circumstances
foreseen in DTR5.2.1(d), the person who has a life interest in shares
if that
person is entitled to exercise the voting rights attached to the
shares and the
person who is disposing of the voting rights when the life interest
is created;
- in the circumstances
foreseen in DTR5.2.1 (e), the parent undertaking and, provided it has
a
notification duty at an individual level under DTR 5.1, under
DTR5.2.1 (a) to
(d) or under a combination of any of those situations, the controlled
undertaking;
- in the circumstances
foreseen in DTR5.2.1 (f), the deposit taker of the shares, if he can
exercise
the voting rights attached to the shares deposited with him at his
discretion,
and the depositor of the shares allowing the deposit taker to
exercise the
voting rights at his discretion;
- in the circumstances
foreseen in DTR5.2.1 (g), the person  that controls the voting
rights;
- in the circumstances
foreseen in DTR5.2.1 (h), the proxy holder, if he can exercise the
voting
rights at his discretion, and the shareholder who has given his proxy
to the
proxy holder allowing the latter to exercise the voting rights at his
discretion.
(iv) Applicable in the cases
provided for in DTR 5.2.1 (b) to (h). This should be the full name of
the
shareholder who is the counterparty to the natural person or legal
entity
referred to in DTR5.2.
(v) The date of the
transaction should normally be, in the case of an on exchange
transaction, the
date on which the matching of orders occurs; in the case of an off
exchange
transaction, date of the entering into an agreement.
The date on which threshold
is crossed should normally be the date on which the acquisition,
disposal or
possibility to exercise voting rights takes effect (see DTR 5.1.1R
(3)). For
passive crossings, the date when the corporate event took effect.
(vi) Please refer to the
situation disclosed in the previous notification, In case the
situation
previous to the triggering transaction was below 3%, please state
'below 3%'.
(vii)  If the holding has
fallen below the minimum threshold , the notifying party should not
be obliged
to disclose the extent of the holding, only that the new holding is
less than
3%.
For the case provided for in
DTR5.2.1(a), there should be no disclosure of individual holdings per
party to
the agreement unless a party individually crosses or reaches an
Article 9
threshold. This applies upon entering into, introducing changes to or
terminating an agreement.
(viii) Direct and indirect
(ix)  In case of combined holdings of shares with voting
rights attached 'direct holding' and voting rights 'indirect
holdings', please
split the voting rights number and percentage into the direct and
indirect
columns-if there is no combined holdings, please leave the relevant
box blank.
(x)  Voting rights to shares in respect of which the
notifying party is a direct shareholder  (DTR 5.1)
(xi) Voting rights held by the notifying party as an
indirect shareholder (DTR 5.2.1)
(xii)  If the holding has fallen below the minimum
threshold, the notifying party should not be obliged to disclose the
extent of
the holding, only that the new holding is below 3%.
(xiii)  date of maturity / expiration of the finical
instrument i.e. the date when the right to acquire shares ends.
(xiv)  If the financial instrument has such a period-please
specify the period- for example once every three months starting from
the
(date)
(xv) The notification should include the name(s) of the
controlled undertakings through which the voting rights are held. The
notification should also include the amount of voting rights and the
percentage
held by each controlled undertaking, insofar as individually the
controlled
undertaking holds 5% or more, and insofar as the notification by the
parent
undertaking is intended to cover the notification obligations of the
controlled
undertaking.
(xvi ) This annex is only to be filed with the competent
authority.
(xvii) Whenever another person makes the notification on
behalf of the shareholder or the natural person/legal entity
referred to in
DTR5.2 and DTR5.3

ENDS

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