ST HELEN'S CAPITAL PLC ("THE COMPANY")


TR-1: NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. IDENTITY OF THE ISSUER OR THE UNDERLYING ISSUER OF EXISTING SHARES TO WHICH
  VOTING RIGHTS ARE ATTACHED:


2. REASON FOR THE NOTIFICATION (please place an X inside the appropriate
bracket/s):

  An acquisition or disposal of voting rights: (x)
 
  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:
    Hargreave Hale Limited

4. FULL NAME OF SHAREHOLDER(S) (if different from 3.):
 
5. DATE OF THE TRANSACTION (AND DATE ON WHICH THE THRESHOLD IS CROSSED OR
  REACHED IF DIFFERENT):
     27 April 2007

6. DATE ON WHICH ISSUER NOTIFIED:
    27 April 2007

7. THRESHOLD(S) THAT IS/ARE CROSSED OR REACHED:
    7%


8. NOTIFIED DETAILS:
  .................

A: VOTING RIGHTS ATTACHED TO SHARES

CLASS/TYPE OF SHARES if possible using the      SITUATION PREVIOUS TO THE
ISIN CODE                                                                 TRIGGERING TRANSACTION
                                                                                      NUMBER OF    NUMBER OF VOTING
                                                                                           SHARES                     RIGHTS

GB0005401087                                                                     100,000                    100,000

RESULTING SITUATION AFTER THE TRIGGERING TRANSACTION

CLASS/TYPE OF SHARES if possible   NUMBER OF NUMBER OF VOTING % OF VOTING
using the ISIN CODE                SHARES    RIGHTS           RIGHTS
                                    INDIRECT  DIRECT INDIRECT  DIRECT INDIRECT
                                   
GB0005401087                       3,274,129        3,274,129           7.75%
                                   

B: FINANCIAL INSTRUMENTS
RESULTING SITUATION AFTER THE TRIGGERING TRANSACTION

TYPE OF    EXPIRATION  EXERCISE/CONVERSION  NUMBER OF VOTING  % OF VOTING
FINANCIAL  DATE        PERIOD/DATE          THAT MAY BE       RIGHTS
INSTRUMENT                                  ACQUIRED IF
                                            THE INSTRUMENT
                                            IS EXERCISED/
                                            CONVERTED



TOTAL (A+B)
NUMBER OF VOTING RIGHTS         % OF VOTING RIGHTS

3,274,129                      7.75%

9. CHAIN OF CONTROLLED UNDERTAKINGS THROUGH WHICH THE VOTING RIGHTS AND/OR THE
FINANCIAL INSTRUMENTS ARE EFFECTIVELY HELD, IF APPLICABLE :
  These shares are held on behalf of discretionary clients.
 
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:
  This report is made in respect of the purchase of placing shares, which
  became effective as at 8.00am on 27/04/07.  The denominator used in
  calculating the percentage holdings is:
 
  for the situation previous to the triggering transaction, 27,321,705 was used
  as reported in the company's announcement of 28 February 2007,
 
  and for the resulting situation after the triggering transaction, 42,247,078
  was used as announced in the company's result of fundraising statement dated
  3 April 2007.

14. CONTACT NAME:
    David Clueit

15. CONTACT TELEPHONE NUMBER:
    01253 754739
 
 
  A: IDENTITY OF THE PERSON OR LEGAL IDENTITY SUBJECT TO THE NOTIFICATION
  OBLIGATION
 
  FULL NAME (including legal form for legal entities)
  Hargreave Hale Limited
 
  CONTACT ADDRESS (registered office for legal entities)
  Marsden House
  4-10 Springfield Road
  Blackpool  FY1 1QW
 
  PHONE NUMBER
  01253 621575

                                  ---ENDS---