Holding(s) in Company

RNS Number:9294T
Business Systems Group Hldgs PLC
07 May 2008


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):

Business Systems Group Holdings 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: ( )


An event changing the breakdown of voting rights: ( )


Other (please specify) : ( )


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

Herald Investment Management Limited


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

Bank of New York (OCS) Nominees Ltd on behalf of Herald Investment Trust Plc


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

23rd April 2008


6. Date on which issuer notified:

7th May 2008


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

5%


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)

GB0008222043                            Nil            Nil


Resulting situation after the triggering transaction (vii)

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

                                Direct       Direct Indirect     Direct Indirect
                                             (x)    (xi)

GB0008222043                     4,355,000           4,355,000            5.59%



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)





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

                                 4,355,000                                5.59%


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

Herald Investment Management Limited, a discretionary investment manager,
is the parent undertaking of an investment management business.

Herald Investment Trust (in the name of Bank of New York
(OCS Nominees Limited)                                      4,355,000     5.59%

Total for Funds under the management of Herald Investment
Management Limited                                          4,355,000     5.59%



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:

James Wheaton


15. Contact telephone number:

020 7880 8888




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

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