Share Announcement <Back

The MTL Instruments Group plc

NOTIFICATION OF MAJOR INTERESTS IN SHARES

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

The MTL Instruments Group plc

2. Reason for the notification (please state 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: No

An event changing the breakdown of voting rights: No

Other (please specify): No

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

AXA S.A., 25 Avenue Matignon, 75008 Paris, and its subsidiaries

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

See (9) below

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

7 October 2007

6. Date on which issuer notified:

8 October 2007

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

14%

8. Notified details:

A: Voting rights attached to shares

Class/type of shares
if possible using the ISIN CODE
Situation previous to the triggering transaction
 
Number of Shares
Number of Voting Rights
Ordinary Shares
GB0005507768
2,749,996
2,749,996

Resulting situation after the triggering transaction

Class/type of shares
if possible using the ISIN CODE
Number of Shares
Number of Voting Rights
% of Voting Rights
 
Direct
Indirect
Direct
Indirect
Ordinary Shares
GB0005507768
2,639,996
Nil
2,639,996
Nil
13.57%

B: Financial Instruments
Resulting situation after the triggering transaction

Type of financial instrument Expiration Date Exercise/Conversion Period/ Date Number of Voting Rights that may be acquired if the instrument is exercised/ converted % of Voting
Rights
N/A N/A N/A N/A N/A

Total (A+B)

Number of Voting Rights % of Voting Rights
2,639,996 13.57%

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

AXA Rosenberg 192,026
AXA Framlington Xerox Final Salary Pension Scheme 177,000
AXA Framlington Islington Group Pension Scheme 107,500
AXA Framlington SEI Equity 200,000
AXA Framlington Innovative Growth 1,200,000
AXA Framlington UK Smaller Companies 450,000
AXA Framlington BAe Systems Pensions Fund 134,720
AXA Framlington BAe Systems 2000 Pensions Fund 52,000
AXA Framlington onshore private clients 126,750

Total holding      2,639,996

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:

None

14. Contact name:

Bill Greenhalgh, Finance Director, The MTL Instruments Group plc

15. Contact telephone number:

01582 407534