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Monday 31 March, 2008

Smallbone PLC

Holding(s) in Company

Smallbone PLC
31 March 2008


TR-1: Notifications of Major Interests in Shares

                                                                     

1. Identity of the issuer or the underlying issuer of existing     Smallbone PLC
shares to which voting rights are attached:                        Ord 5p


2. Reason for notification (yes/no)


An acquisition or disposal of voting rights


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): Conversion of swap 
position and acquisition of shares                                 X
                                                           

3. Full name of person(s) subject to notification             Toscafield Ltd
obligation:


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

5. Date of transaction (and date on which the threshold is    20/03/2008
crossed or reached if different):
                                                           

6. Date on which issuer notified:                             27/03/2008
                                                           

7. Threshold(s) that is/are crossed or reached:                 23%

8: Notified Details
A: Voting rights attached to shares


Class/type of      Situation previous to    Resulting situation after the triggering transaction
shares             the triggering
                   transaction
If possible use    Number of   Number of    Number of    Number of voting rights    Percentage of voting
ISIN code          shares      voting       shares                                  rights
                               rights

                                                         Direct         Indirect    Direct      Indirect
Ord 5p             1,600,000   1,600,000    5,192,271    5,192,271      5,192,271   23.05%

GB00B01ZXV57

B: Financial Instruments


Resulting situation after the triggering transaction


Type of financial        Expiration date   Exercise/ conversion  No. of voting rights that  Percentage of
instrument                                 period/date           may be acquired (if the    voting rights
                                                                 instrument exercised/
                                                                 converted)




Total (A+B)


Number of voting rights                               Percentage of voting rights
5,192,271                                             23.05%


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





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