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Tuesday 17 November, 2009

Surgical Innovations Group PLC

Holding(s) in Company


TR-1: Notifications of Major Interests in Shares                               

1. Identity of the issuer or the underlying       Surgical Innovations Group   
issuer of existing shares to which voting rights  Plc                          
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) subject to      Peter Gyllenhammar                   
notification obligation:                                                       
                                                                               
4. Full name of shareholder(s) (if        Union Discount Company of London Ltd 
different from 3):                                                             
                                                                               
5. Date of transaction (and date on which 12 / 11 / 09                         
the threshold is crossed or reached if                                         
different):                                                                    
                                                                               
6. Date on which issuer notified:         16 / 11 / 09                         
                                                                               
7. Threshold(s) that is/are crossed or    4%, 3%                               
reached:                                                                       

8: Notified Details                                                              
                                                                                 
A: Voting rights attached to shares                                              
                                                                                 
Class/type   Situation previous to Resulting situation after the triggering      
of shares    the triggering        transaction                                   
             transaction                                                         
                                                                                 
If possible  Number of  Number of  Number of   Number of voting   Percentage of  
use ISIN     shares     voting     shares      rights             voting rights  
code                    rights                                                   
                                                                                 
                                   Direct      Direct    Indirect Direct Indirect
                                                                                 
GB0004016704 15,000,000 15,000,000 8,000,000   8,000,000          Below          
                                                                  3%             
                                                                                 

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

Total (A+B)                                                                    
                                                                               
Number of voting rights                 Percentage of voting rights            
                                                                               
8,000,000                               Below 3%                               

9. Chain of controlled undertakings through which the voting rights and /or the
financial instruments are effectively held, if applicable:                     
                                                                               
Peter Gyllenhammar is the 100% ultimate owner of the following company owning  
the shares in Surgical Innovations Group plc:                                  
                                                                               
Union Discount Company of London plc 8,000,000                                 

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

13. Additional information:             N/A                                    
                                                                               
14 Contact name:                        Peter Gyllenhammar                     
                                                                               
15. Contact telephone name:             0046 708 185244                        

Enquiries:

Surgical Innovations Group plc                                  0113 230 7597
                                                                             
Graham Bowland                                                               
                                                                             
Hanson Westhouse Limited                                        0113 246 2610
                                                                             
Tim Feather / Matthew Johnson                                                



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