Holding(s) in Company

Form TR-1 with annex. FSA Version 2.1 updated April 2007

For filings with the FSA include the annex  
                                            
For filings with issuer exclude the annex   

TR-1: Notifications of Major Interests in Shares                               

1. Identity of the issuer or the underlying                            Hays Plc
issuer of existing 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 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)                                  Baillie Gifford & Co
subject to notification                                                        
obligation:                                                                    
                                                                               
4. Full name of shareholder(s)                                                 
(if different from 3):                                                         
                                                                               
5. Date of transaction (and                                         15 Dec 2008
date on which the threshold is                                                 
crossed or reached if                                                          
different):                                                                    
                                                                               
6. Date on which issuer                                             16 Dec 2008
notified:                                                                      
                                                                               
7. Threshold(s) that is/are                                                  5%
crossed or reached:                                                            

8: Notified Details                                                           
                                                                              
A: Voting rights attached to shares                                           
                                                                              
Class/type   Situation         Resulting situation after the triggering       
of shares    previous to the   transaction                                    
             triggering                                                       
If possible  transaction                                                      
use ISIN                                                                      
code                                                                          
                                                                              
                                                                              

Number of    Number of  Number Number of voting    Percentage of voting 
shares       voting     of     rights              rights               
             rights     shares                                          
                                                                        
                               Direct     Indirect Direct      Indirect 
                                                                        
  Ordinary   83,300,667  6.05  82,159,543    0     82,159,543    5.97   
   Share                                                                
                                                                        
GB0004161021                                                            

B: Financial Instruments                                                       
                                                                               
Resulting situation after the triggering transaction                           
                                                                               
Type of        Expiration     Exercise/       No. of voting      Percentage of 
financial      date           conversion      rights that may be voting rights 
instrument                    period/date     acquired (if the                 
                                              instrument                       
                                              exercised/                       
                                              converted)                       
                                                                               
N/A                                                                            

Total (A+B)                                                                    
                                                                               
Number of voting rights                 Percentage of voting rights            
                                                                               
82,159,543                              5.97                                   

9. Chain of controlled undertakings through which the voting rights and /or the
financial instruments are effectively held, if applicable:                     
                                                                               
In the narrative below, the figures in [ ] indicate the amount of voting rights
and the percentage held by each controlled undertaking where relevant.         
                                                                               
Baillie Gifford & Co, a discretionary investment manager, is the parent        
undertaking of an investment management group.                                 
                                                                               
Its wholly-owned subsidiary undertaking Baillie Gifford Overseas Limited       
[11,618,945; 0.8%] is also a discretionary investment manager.                 
                                                                               
Its wholly-owned subsidiary undertaking Baillie Gifford & Co Limited           
[1,092,403; 0.1%] is an OEIC Authorised Corporate Director and Unit Trust      
Manager which has delegated its discretionary investment management role to    
Baillie Gifford & Co.                                                          
                                                                               
Its wholly-owned subsidiary undertaking Baillie Gifford Life Limited           
[12,248,739; 0.9%] is a life assurance company which procures discretionary    
investment management services from Baillie Gifford & Co in respect of its own 
account shareholdings.                                                         

Proxy Voting:                                                                  
                                                                               
10. Name of proxy holder:                                                      
                                                                               
11. Number of voting rights proxy                                              
holder will cease to hold:                                                     
                                                                               
12. Date on which proxy holder will                                            
cease to hold voting rights:                                                   

13. Additional information:                                                    
                                                                               
14 Contact name:                        Stefan Bort                            
                                                                               
15. Contact telephone name:             020 7391 6640                          

For notes on how to complete form TR-1 please see the FSA website.