ALY.L Regulatory News (ALY)

For filings with the FSA include the annex

For filings with issuer exclude the annex

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii

Ashley (Laura) Holdings PLC

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 thenotification obligation: iii

GAM International Management Limited

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

5. Date of the transaction and date onwhich the threshold is crossed orreached: v

31 January 2013

6. Date on which issuer notified:

01 February 2013

7. Threshold(s) that is/are crossed orreached: vi, vii

 5%

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type ofshares

if possible usingthe ISIN CODE

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

Numberof shares

Number of votingrights

% of voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

GBP shares

40,376,494

40,376,494

31,269,816

31,269,816

4.19%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate xiii

Exercise/Conversion Period xiv

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financialinstrument

Exercise price

Expiration date xvii

Exercise/Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

GBP 31,269,816

4.19%

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

GAM International Management Ltd is a discretionary investment manager for a number of funds.

Holding in GAM Global Diversified was reduced from 9,106,678 to 0 (1.22% to 0%) causing our aggregate holdings to fall from 5.41% to 4.19%.

Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will ceaseto hold:

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

13. Additional information:

14. Contact name:

John Morrissey

15. Contact telephone number:

020 7917 2231

Annex: Notification of major interests in sharesxxii

A: Identity of the persons or legal entity subject to the notification obligation

Full name

(including legal form of legal entities)

GAM International Management Limited

Contact Address

(registered office for legal entities)

12 St James's Place

London

SW1A 2NX

Phone number and email

020 7439 9990

Other useful information

(at least legal representative for legal persons)

B: Identity of the notifier, if applicable

Full name

John Morrissey

Contact address

12 St James's Place

London

SW1A 2NX

Phone number & email

020 7917 2231

John.morrissey@gam.com

Other useful information

(e.g. functional relationship with the personal or legal entity subject to the notification obligation

C: Additional information

None