CVS Group Regulatory News (CVSG)

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 issuer of existing shares to which voting rights are attached:

CVS Group Plc

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 notification obligation:

North Atlantic Value LLP (as investment adviser/manager)

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

1. Oryx International Growth Fund Limited

2. North Atlantic Smaller Companies Investment Trust PLC

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

10 May 2011

6. Date on which issuer notified:

11 May 2011

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

Through 12%

8: Notified Details

A: Voting rights attached to shares

Class/type of shares

If possible use 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

Percentage of voting rights

Direct

Indirect

Direct

Indirect

Ordinary shares

Sedol: B286382

Holder 1 3,750,000 3,750,000 3,750,000 3,750,000 6.64%

Holder 2 2,598,633 2,598,633 3,100,671 3,100,671 5.49%

TOTAL: 12.13%

B: Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date

Exercise/ conversion period/date

No. of voting rights that may be acquired (if the instrument exercised/converted)

Percentage of voting rights

Total (A+B)

Number of voting rights

Percentage of voting rights

6,850,671

12.13%

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:

-

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:

North Atlantic Value LLP is the investment manager/adviser in respect of the full 12.13% holding as it is investment adviser to Holder 1 as well as Joint Manager of Holder 2.

14 Contact name:

Bonita Guntrip

15. Contact telephone name:

020 7747 5681