Holding(s) in Company

Milestone Group Plc

(“Milestone” or the “Company”)

For filings with the FSA include the annex
For filings with issuer exclude the annex

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

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

2. Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights                                                                                     x

An acquisition or disposal of qualifying financial instruments which may result
in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to
qualifying financial instruments

An event changing the breakdown of voting rights

Other (please specify):

3. Full name of person(s) subject to the notification obligation:                Mr Brett Desmond

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

5. Date of the transaction and date on which the threshold 
        is crossed or reached:                                                                                21 April 2011

6. Date on which issuer notified:                                                                      21 April 2011

7. Threshold(s) that is/are crossed or reached:                                          From over 6% to zero

8. Notified details:
A: Voting rights attached to shares

Class/type of            Situation previous to the                   Resulting Situation after the triggering transaction
shares                        triggering transaction    

if possible using        Number of    Number of                    Number of     Number of Voting    % of Voting Rights
the ISIN CODE            Shares            Voting Rights             shares            Rights    

                                                                                                      Direct              Direct    Indirect        Direct      Indirect
GB0033127910        15,729,204    15,729,204                    0                        0            0                    0                0


B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

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

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


Total (A+B)
Number of voting rights        Percentage of voting rights
        0                                                    0

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


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:                                                                                                             N/A

14. Contact name:                                                                                                            Deborah White

15. Contact telephone number:                                                                                    020 7929 7826