NOTIFICATION OF MAJOR INTERESTS IN SHARES

RNS Number:7845U
Portmeirion Group PLC
12 April 2007



TR-1(i): NOTIFICATION OF MAJOR INTERESTS IN SHARES


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

Portmeirion Plc


2. Reason for the notification (please state Yes/No):


An acquisition or disposal of voting rights: (No)


An acquisition or disposal of financial instruments which may result in the
acquisition of shares already issued to which voting rights are attached: (No)


An event changing the breakdown of voting rights: (No)


Other (please specify) : (Yes) Re-notification of holding under the transparency
directive


3. Full name of person(s) subject to the notification obligation (iii):

Chelverton Asset Management Limited


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

HSBC Global Custody Nominees Ltd


HSBC Global Custody Nominee (UK) Limited


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

N/A Re-notification of holding under the transparency directive


6. Date on which issuer notified:

11th April 2007


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

Above 3%


8. Notified details:


A: Voting rights attached to shares

Class/type of shares if possible using    Situation previous to the Triggering
the ISIN CODE                                       transaction (vi)
                                        Number of      Number of voting Rights
                                        shares         (viii)

Ordinary shares                              300,000                   300,000
GB0006957293




Resulting situation after the triggering transaction (vii)

Class/type of shares if possible Number of  Number of voting   % of voting
using the ISIN CODE              shares     rights (ix)        rights

                                 Direct     Direct  Indirect   Direct Indirect
                                            (x)     (xi)

                                                     310,000          3.17% of
                                                                      class.


B: Financial Instruments

Resulting situation after the triggering transaction (xii)

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



N/A         N/A        N/A             N/A                               N/A



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

                                   310,000   3.17% of class.


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

-


Proxy Voting:


10. Name of the proxy holder:

N/A


11. Number of voting rights proxy holder will cease to hold:

N/A


12. Date on which proxy holder will cease to hold voting rights:

N/A


13. Additional information:

Chelverton Asset Management Limited is the fund manager for both Small Companies
Dividend Trust plc and Chelverton UK Equity Income Fund.


14. Contact name:

Helen Veale


15. Contact telephone number:

01225 483 030


Annex to Notification Of Major Interests In Shares (xvi)


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


Full name (including legal form for legal entities):

Chelverton Asset Management Limited


Contact address (registered office for legal entities):

11 George Street

Bath BA1 2EH


Phone number:

(01225) 483030


Other useful information (at least legal representative for legal persons):

Contact name: Helen Veale


B: Identity of the notifier, if applicable (xvii)


Full name:

As above


Contact address:

-


Phone number:

-


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

-


C: Additional information :

The holding in Small Companies Dividend Trust was announced on 15th March. The
additional shares bought for Chelverton UK Equity Fund have not taken the total
holding over a further percentage point. Ie the total holding is still under 4%,
as previously announced.



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