Holding(s) in Company

RNS Number:5698E
Management Consulting Group PLC
26 September 2007

TR-1: notification of major interests in shares

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

Management Consulting 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 the notification obligation:

UBS Investment Bank

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

UBS AG London Branch

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

21 September 2007

6. Date on which issuer notified:

25 September 2007

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

Below 3%

8. Notified details:

A: Voting rights attached to shares

Class/type Situation previous to the Resulting situation after the triggering transaction
of shares Triggering transaction
if possible
using the Number of voting % of voting
ISIN CODE Number of Number of Number of rights rights
Shares Voting Rights shares Direct Indirect Direct Indirect

Ordinary 14,042,513 14,042,513 Non Non Non Below 3% Below 3%
-notifiable -notifiable -notifiable
GB0001979029 holding holding holding

B: Financial Instruments

Resulting situation after the triggering transaction

Type of Expiration Exercise/ Number of voting rights that may % of
financial date Conversion be acquired if the instrument is voting
instrument Period/ Date exercised/converted. rights

- - - - -

Total (A+B)
Number of voting rights % of voting rights

Non-notifiable holding Below 3%

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

UBS AG London Branch - Non-notifiable holding - Below 3%

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:

Charles Ansley