Milestone Regulatory News (MSG)

+---------------------------------------------------+
| TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) |
+---------------------------------------------------+

+----------------------------------------------------------+-------------------+
|1. Identity of the issuer or the underlying issuer of |Milestone Group plc|
|existing shares to which voting rights are attached: (ii) | |
+----------------------------------------------------------+-------------------+

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

+----------------------------------------------------------------------------+-+
|An acquisition or disposal of voting rights |X|
+----------------------------------------------------------------------------+-+
|An acquisition or disposal of qualifying financial instruments which may | |
|result in the acquisition of shares already issued to which voting rights | |
|are attached | |
+----------------------------------------------------------------------------+-+
|An acquisition or disposal of instruments with similar economic effect to | |
|qualifying financial instruments | |
+----------------------------------------------------------------------------+-+
|An event changing the breakdown of voting rights | |
+----------------------------------------------------------------------------+-+
|Other (please specify):   | |
+----------------------------------------------------------------------------+-+

+----------------------------------------------------------+-------------------+
|3. Full name of person(s) subject to the notification |   |
|obligation: (iii) | Cormac Crawford |
+----------------------------------------------------------+-------------------+
|4. Full name of shareholder(s)  (if different from |   |
|3.):(iv) | |
+----------------------------------------------------------+-------------------+
|5. Date of the transaction and date on which the threshold| 26 June 2012 |
|is crossed or reached: (v) | |
+----------------------------------------------------------+-------------------+
|6. Date on which issuer notified: | 26 June 2012 |
+----------------------------------------------------------+-------------------+
|7. Threshold(s) that is/are crossed or reached: (vi, vii) |9, 8, 7, 6, 5, 4, 3|
+----------------------------------------------------------+-------------------+

8. Notified details:
A: Voting rights attached to shares (viii, ix)

+------------+---------------------+-------------------------------------------+
|Class/type | Situation previous | Resulting situation after |
|of | to the triggering | the triggering |
|shares | transaction | transaction |
| +----------+----------+--------+------------------+---------------+
|if possible | Number | Number | Number | Number of | % of  voting |
|using | of | of | of | voting | rights (x) |
|the ISIN | Shares | Voting | shares | rights | |
|CODE | | Rights | | | |
+------------+----------+----------+--------+--------+---------+------+--------+
|  |   |   | Direct | Direct |Indirect |Direct|Indirect|
| | | | | (xi) | (xii) | | |
+------------+----------+----------+--------+--------+---------+------+--------+
|  | | | | | | | |
|Ordinary |34,683,976|34,683,976| 0 | 0 |   | 0% |   |
|  | | | | | | | |
+------------+----------+----------+--------+--------+---------+------+--------+

+------------------------------------------------------------------------------+
|B: Qualifying Financial Instruments |
+------------------------------------------------------------------------------+
|Resulting situation after the triggering transaction |
+-------------+----------+-------------------+------------------+--------------+
| Type of |Expiration| Exercise/ | Number of voting | % of voting |
| financial | date | Conversion Period |rights that may be| rights |
| instrument | (xiii) | (xiv) | acquired if the | |
| | | | instrument is | |
| | | | exercised/ | |
| | | | converted. | |
+-------------+----------+-------------------+------------------+--------------+
|   |   |  |   |   |
+-------------+----------+-------------------+------------------+--------------+

+------------------------------------------------------------------------------+
|C: Financial Instruments with similar economic effect to Qualifying Financial |
|Instruments (xv, xvi) |
+------------------------------------------------------------------------------+
|Resulting situation after the triggering transaction |
+-------------+--------+-----------+-------------+-------------+---------------+
| Type of |Exercise|Expiration | Exercise/ | Number of | % of voting |
| financial | price |date (xvii)| Conversion | voting | rights (xix, |
| instrument | | | period | rights | xx) |
| | | | (xviii) | instrument |   |
| | | | | refers to | |
| | | | |   | |
+-------------+--------+-----------+-------------+-------------+-------+-------+
|   |   |   |   |   |Nominal| Delta |
+-------------+--------+-----------+-------------+-------------+-------+-------+
|   |   |  |   |   |   |   |
+-------------+--------+-----------+-------------+-------------+-------+-------+

+-------------------------------------------------------+
| Total (A+B+C) |
+-------------------------+-----------------------------+
| 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: (xxi) |
+------------------------------------------------------------------------------+
|  |
|  |

+----------------------------------------------------------------------+
| Proxy Voting: |
+------------------------------------------------------------------+---+
| 10. Name of the 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: | Cormac Crawford |
+-------------------------------+-------------------+
| 15. Contact telephone number: | 00 353 86 2503175 |
+-------------------------------+-------------------+


This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Milestone Group PLC via Thomson Reuters ONE
[HUG#1622224]