Holding(s) in Company

RNS Number:5247T
August Equity Trust PLC
22 March 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):



August Equity Trust plc



2. Reason for the notification (please place an X inside the appropriate bracket
/s):



An acquisition or disposal of voting rights: ( )



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



An event changing the breakdown of voting rights: ( )



Other (please specify): (X) - Transitional disclosure required following
implementation of DTR rules.



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



New Star Asset Management Ltd



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



N/A



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



N/A



6. Date on which issuer notified:



20 March 2007



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



Above 5%



8. Notified details:



A: Voting rights attached to shares




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

           Ord Shares







Resulting situation after the triggering transaction (vii)


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

         Ord Shares                                                     3,235,000                      11.95





B: Financial Instruments

Resulting situation after the triggering transaction (xii)


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


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



Total (A+B)


Number of voting rights        % of voting rights


    3,235,000                        11.95



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



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 for queries on this announcement:



Susan Venables, BNP Paribas Secretarial Services Limited



15. Contact telephone number:



020 7410 5971



Date: 22 March 2007


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