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Holding(s) in Company

28 Feb 2008 13:54

Form TR-1 with annex. FSA Version 2.1 updated April 2007

For filings with the FSA include the annex

For filings with issuer exclude the annex

TR-1: Notifications of Major Interests in Shares 1. Identity of the issuer or the underlying Communisis Plc issuer of existing shares to which voting

rights 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 North Atlantic Value LLP

notification obligation: 4. Full name of shareholder(s) (if i. North Atlantic Smaller Companies different from 3): Investment Trust PLC ii. North Atlantic Value LLP (as Investment Manager/Adviser to other fund management clients).

5. Date of transaction (and date on 27 February 2008 which the threshold is crossed or

reached if different):

6. Date on which issuer notified: 28 February 2008 7. Threshold(s) that is/are crossed or Below 13% and an individual decrease inreached: holding 8: Notified Details

A: Voting rights attached to shares Class/ Situation previous Resulting situation after the triggering type of to the triggering transaction

shares transaction If possible use ISIN code Number of Number of Number of Number of voting Percentage of shares voting shares rights voting rights rights Direct Indirect Direct Indirect Ordinary Sedol: 0668323

Holder 1: 6,500,000 6,500,000 6,500,000 6,500,000 4.70% Holder 2: 12,220,000 12,220,000 10,820,000 10,820,000 7.80%

TOTAL = 12.50% B: Financial Instruments

Resulting situation after the triggering transaction

Type of Expiration Exercise/ No. of voting Percentage of financial date conversion rights that may be voting rights instrument period/date acquired (if the instrument exercised/ converted) Total (A+B) Number of voting rights Percentage of voting rights 17,320,000 12.50%

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

Not applicable 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: None

14 Contact name: Jenny Hogg

15. Contact telephone name: 020 7747 5681

For notes on how to complete form TR-1 please see the FSA website.

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