Playgolf (Holdings) PLC
04 May 2007


                             Playgolf Holdings plc


               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):

Playgolf Holdings plc


2. Reason for the notification


An acquisition or disposal of voting rights


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

JM Finn & Co Ltd


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

JM Finn Nominees Ltd


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

30.04.2007


6. Date on which issuer notified:

02.05.2007


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)

GB00B0GB928                             1975187                   1975187



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 (x) Indirect  Direct  Indirect
                                                      (xi)

                                 3336555    3336555              5.75%


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

          3336555                                5.75%


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:


15. Contact telephone number:


Annex to 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):

JM Finn & Co Ltd


Contact address (registered office for legal entities):

Salisbury House, London Wall, London EC2M 5TA

.................


Phone number:

0207 628 9688


Other useful information (at least legal representative for legal persons):

.................


B: Identity of the notifier, if applicable (xvii)


Full name:

Mitesh Patel


Contact address:

Salisbury House, London Wall, London EC2M 5TA


Phone number:

0207 997 8392


Other useful information (e.g. functional relationship with the person or legal
entity subject to the notification obligation):

Compliance Executive


C: Additional information :

.................







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