TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

Hirco Plc

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

Yes 

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

No 

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

No 

An event changing the breakdown of voting rights

Other (please specify):

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

 Viking Global Investors LP (Investment Manager)

Viking Global Performance LLC (Investment Advisor)

Viking Global Equities LP

Viking Global Equities II LP

VGE III Portfolio Ltd

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

Viking Global Equities LP

Viking Global Equities II LP

VGE III Portfolio Ltd

(collectively "the Funds")

5. Date of the transaction and date on which the threshold is crossed or reached:

17/11/09 

6. Date on which issuer notified:

 19/11/09

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

 3%

8. Notified details: The Funds

A: Voting rights attached to shares

Class/type of
shares

if possible using
the ISIN CODE

Situation previous
to the triggering
transaction

Resulting situation after the triggering transaction

Number
of
Shares

Number
of
Voting
Rights

Number
of shares

Number of voting
rights

% of voting rights

Direct

Direct

Indirect

Direct

Indirect

ORD 1P

(IM00B1HYQS19)

2,700,000 

2,700,000 

0 

0 

0% 

8. Notified details: Viking Global Investors LP/Viking Global Performance LLC

A: Voting rights attached to shares

Class/type of
shares

if possible using
the ISIN CODE

Situation previous
to the triggering
transaction

Resulting situation after the triggering transaction

Number
of
Shares

Number
of
Voting
Rights

Number
of shares

Number of voting
rights

% of voting rights

Direct

Direct

Indirect

Direct

Indirect

ORD 1P

(IM00B1HYQS19)

2,700,000 

2,700,000 

0 

 0

0% 

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial
instrument

Expiration
date

Exercise/ 
Conversion 
Period

Number of voting
rights that may be
acquired if the
instrument is
exercised/ converted.

% of voting
rights

Total (A+B)

Number of voting rights

Percentage of voting rights

 0

0% 

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

 N/A

Proxy Voting:

10. Name of the proxy holder:

Viking Global Investors LP

Viking Global Performance LLC

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:

14. Contact name:

 Eric Komitee

15. Contact telephone number:

 203-863-5000