Holding(s) in Company

    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):

TurfTrax plc

2. Reason for the notification                                  State          
                                                                Yes/No         
                                                                               
An acquisition or disposal of voting rights                      YES           
                                                                               
An acquisition or disposal of financial instruments               NO           
which may result in the acquisition of shares already                          
issued to which voting rights are attached                                     
                                                                               
An event changing the breakdown of voting rights                  NO           
                                                                               
Other (please specify):                                           NO           

3. Full name of person(s) subject to the notification     Arlington Special    
obligation (iii):                                          Situations Fund     
                                                                               
4. Full name of shareholder(s) (if different from 3.)    Scotia Nominees Ltd   
(iv):                                                                          
                                                                               
5. Date of the transaction (and date on which the            21 May 2008       
threshold is crossed or reached if different) (v):                             
                                                                               
6. Date on which issuer notified:                            22 May 2008       
                                                                               
7. Threshold(s) that is/are crossed or reached:                  11%           
                                                                               
8. Notified details:                                                           

A: Voting rights attached to shares

Class/type of Situation previous    Resulting situation after the triggering   
   shares             to                        transaction (vii)              
 if possible    the Triggering                                                 
  using the    transaction (vi)                                                
  ISIN CODE                                                                    
                                                                               
               Number    Number    Number    Number of voting    % of voting   
                 of        of        of        rights (ix)          rights     
               Shares    Voting    shares                                      
                         Rights                                                
                         (viii)                                                
                                                                               
                                   Direct    Direct   Indirect Direct  Indirect
                                               (x)      (xi)                   
                                                                               
              5,000,000 5,000,000 2,500,000 2,500,000           5.7%           
                                                                               

B: Financial Instruments

Resulting situation after the triggering transaction (xii)

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

Total (A+B)                                                                    
                                                                               
Number of voting rights                 % of voting rights                     
                                                                               
2,500,000                               5.7%                                   

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

13. Additional information:                                                    
                                                                               
14. Contact name:                                             Craig Niven      
                                                                               
15. Contact telephone number:                                 020 7389 5010    

Annex 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)                            
                                                                               
Contact address (registered office for legal entities)                         
                                                                               
Phone number                                                                   
                                                                               
Other useful information (at least legal representative for                    
legal persons)                                                                 
                                                                               
B: Identity of the notifier, if applicable (xvii)                              
                                                                               
Full name                                                                      
                                                                               
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





END