Holding(s) in Company

Telecom Plus PLC
29 October 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: ( 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):

1. North Atlantic Value LLP (as investment advisor/manager)

2. Oryx International Growth Fund Limited


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

NA


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

26th October 2007


6. Date on which issuer notified:

29th October 2007


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

Through 10%


8. Notified details:

N/A



A: Voting rights attached to shares

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

                           000879471         4,230,000               4,230,000
                                   1)  Below 3% until 09
                                       /08/07
                                   2)



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

ISIN                         Direct       Direct (x)   Indirect Direct  Indirect
                                                       (xi)

                   000879471

                          1)  4,415,000    4,415,000             6.60%
                         2)   2,300,000    2,300,000             3.44%


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)



    NA          NA           NA                       NA                   NA



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

6,715,000 shares                                                         10.04%


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

NA


Proxy Voting:


10. Name of the proxy holder:

NA


11. Number of voting rights proxy holder will cease to hold:

NA


12. Date on which proxy holder will cease to hold voting rights:

NA


13. Additional information:

None


14. Contact name:

Richard Hateley


15. Contact:

020 8955 5000



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