RNS Number:1312N
Phoenix IT Group PLC
01 February 2008


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


TR-1: Notifications of Major Interests in Shares


1. Identity of the issuer or the underlying issuer of                    Phoenix IT Group
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 No
of shares already issued to which voting rights are attached


An event changing the breakdown of voting rights                                        No


Other (please specify):______________                                                   No


3. Full name of person(s) subject to notification    AEGON UK Group of Companies
obligation:


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


5. Date of transaction (and date on which the        30th January 2008
threshold is crossed or reached if different):
                                                     

6. Date on which issuer notified:                    1st February 2008


7. Threshold(s) that is/are crossed or reached:      2-3%




8: Notified Details
A: Voting rights attached to shares


Class/type of shares Situation previous to   Resulting situation after the triggering transaction
                     the triggering
If possible use ISIN transaction
code                 Number of  Number of    Number of    Number of voting rights Percentage of voting
                     shares     voting       shares                               rights
                                rights

                                                          Direct      Indirect    Direct    Indirect
GB00B0315W65         2,212,554  2,212,554    2,287,554    1,716,576   570,978     2.30      0.77


B: Financial Instruments


Resulting situation after the triggering transaction


Type of financial    Expiration date      Exercise/ conversion No. of voting rights  Percentage of voting
instrument                                period/date          that may be acquired  rights
                                                               (if the instrument
                                                               exercised/converted)


Total (A+B)


Number of voting rights                              Percentage of voting rights
2,287,554                                            3.07%



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

AEGON UK Group of companies - parent undertaking of:
AEGON Asset Management UK plc
AEGON Investment Management UK ltd.
AEGON ICVC


Proxy Voting:


10. Name of proxy holder:                            AEGON UK Group of Companies


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:                           AEGON UK Group of Companies consists of:
                                                      AEGON Asset Management UK plc
                                                      AEGON Investment Management UK ltd
                                                      AEGON ICVC

14 Contact name:                                      Miranda Beacham

15. Contact telephone name:                           0131 549 3460



For notes on how to complete form TR-1 please see the FSA website.
Note: Annex should only be submitted to the FSA not the issuer


Annex: Notification of major interests in shares



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

Full name                                            AEGON Asset Management UK plc

(including legal form of legal entities)


Contact address                                      AEGON House,
(registered office for legal entities)               3 Lochside Avenue,
                                                     Edinburgh Park,
                                                     Edinburgh,
                                                     EH12 9SA
Phone number & email                                 0870 60 90 101


Other useful information                             Ian G Young, Company secretary,
(at least legal representative for legal persons)    0131 549 6398


B: Identity of the notifier, if applicable
Full name                                            Miranda Beacham


Contact address                                      AEGON House,
                                                     3 Lochside Avenue,
                                                     Edinburgh Park,
                                                     Edinburgh,
                                                     EH12 9SA
Phone number & email                                 0131 549 3460
                                                     miranda.beacham@aegon.co.uk
Other useful information



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


C: Additional information




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