Holding(s) in Company

Telecom Plus PLC
04 December 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):

Telecom Plus 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: ( )


An event changing the breakdown of voting rights: ( )


Other (please specify) : ( )


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

North Atlantic Value LLP (as investment advisor/manager)


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

(i) North Atlantic Value LLP (as Investment Manager/Adviser to fund

management clients)


(ii) Oryx International Growth Fund Limited


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

30 November 2007


6. Date on which issuer notified:

3 December 2007


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

Holding below 10%


8. Notified details:


A: Voting rights attached to shares

Class/type of shares if possible using    Situation previous to the Triggering
the ISIN CODE                                       transaction (vi)
                                        Number of      Number of voting Rights
                                        shares         (viii)

GB00879471
1)                                         4,415,000                 4,415,000
                                    2)     2,300,000                 2,300,000











Resulting situation after the triggering transaction (vii)

Class/type of shares if      Number of    Number of voting      % of voting
possible using the ISIN CODE shares       rights (ix)           rights

                             Direct       Direct (x)   Indirect Direct  Indirect
                                                       (xi)

GB00879471
1)                            4,348,999    4,348,999             6.50%
                         2)   2,222,001    2,222,001             3.32%


B: Financial Instruments

Resulting situation after the triggering transaction (xii)

Type of     Expiration Exercise/       Number of voting rights that may  % of
financial   Date       Conversion      be acquired if the instrument is  voting
instrument  (xiii)     Period/ Date    exercised/ converted.             rights
                       (xiv)



                       N/A


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

6,571,000 shares                                                          9.82%


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

N/A


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:

N/A


14. Contact name:

Richard Hateley


15. Contact telephone number:

020 8955 5000




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