OIG Oryx International Growth Fund Ltd

RNS Number:5376Y
Highway Insurance Holdings PLC
16 February 2006

                     NOTIFICATION OF MAJOR INTERESTS IN SHARES



1.         Name of listed company:



HIGHWAY INSURANCE HOLDINGS PLC



2.         Name of shareholder with a major interest:



-         NORTH ATLANTIC VALUE LLP
-         NORTH ATLANTIC SMALLER COMPANIES INVESTMENT TRUST PLC
-         ORYX INTERNATIONAL GROWTH FUND LIMITED
-         JOHCM ALTERNATIVE INVESTMENTS LLP



3.         Please state whether notification indicates that it is regarding the
holding of the shareholder named in 2 above; in respect of a non-beneficial
interest or in the case of an individual holder if it is a holding of that
person's spouse or children under the age of 18:



SHAREHOLDERS NAMED IN 2 ABOVE.



4.         Name of the registered holder(s) and, if more than one holder, the
number of shares held by each of them:


NORTH ATLANTIC VALUE LLP                                           4,150,279
NORTH ATLANTIC SMALLER COMPANIES INVESTMENT TRUST PLC              3,000,000
ORYX INTERNATIONAL GROWTH FUND LIMITED                               575,000
JOHCM ALTERNATIVE INVESTMENTS LLP                                  2,000,915



TOTAL                                                              9,726,194





5.            Number of shares / amount of stock acquired:



N/A



6.            Percentage of issued class:



-



7.            Number of shares / amount of stock disposed:



NOT DISCLOSED



8.            Percentage of issued class:



-



9.         Class of security:



ORDINARY SHARES OF 20P EACH.



10.       Date of transaction:



NOT DISCLOSED



11.       Date listed company informed:



16 FEBRUARY 2006



12.       Total holding following this notification:



9,726,194



13.       Total percentage holding of issued class following this notification:




NORTH ATLANTIC VALUE LLP                                           2.04%
NORTH ATLANTIC SMALLER COMPANIES                                   1.47%

INVESTMENT TRUST PLC
ORYX INTERNATIONAL GROWTH FUND LIMITED                             0.28%
JOHCM ALTERNATIVE INVESTMENTS LLP                                  0.98%

TOTAL                                                              4.77%



14.       Any additional information:



NORTH ATLANTIC VALUE LLP, NORTH ATLANTIC SMALLER COMPANIES INVESTMENT TRUST PLC,
ORYX INTERNATIONAL GROWTH FUND LIMITED AND JOHCM ALTERNATIVE INVESTMENTS LLP ARE
PARTIES TO AN AGREEMENT TO WHICH SECTION 204 OF THE COMPANIES ACT 1985 APPLIES.
BY VIRTUE OF SECTIONS 204 AND 205 OF THE COMPANIES ACT 1985 EACH OF THOSE
PARTIES IS DEEMED TO BE INTERESTED IN THE 9,726,194 SHARES REFERRED TO ABOVE,
BEING 4.77% OF THE COMPANY'S ISSUED SHARE CAPITAL.



15.       Name of contact and telephone number for queries:



P J LAMPSHIRE, 01277 266308



16.              Name and signature of duly authorised officer of the listed
company responsible for making this notification:



P J LAMPSHIRE, COMPANY SECRETARY



            Date of notification:  16 FEBRUARY 2006


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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