Ladbrokes PLC
06 May 2008


TR-1:               Notification of major interests in shares

1. Identity of the issuer or the underlying issuer of existing                 Ladbrokes plc
shares to which voting rights are attached:
2. Reason for the notification     (please tick the appropriate box or boxes)
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:   Morgan Stanley Investment Management
                                                                              Limited ("MSIM")
4. Full name of shareholder(s) (if different from 3.):              Morgan Stanley Investment Management
                                                                         International Equity Trust
5. Date of the transaction (and date on which the threshold is                   02 May 2008
crossed or reached if different):
6. Date on which issuer notified:                                                06 May 2008
7. Threshold(s) that is/are crossed or reached:                                      <3%
8. Notified details:






A: Voting rights attached to shares

Class/type of     Situation previous to   Resulting situation after the triggering transaction
shares            the Triggering
                  transaction
 if possible      Number of   Number of   Number of    Number of voting rights  % of voting rights
using the ISIN    Shares      Voting      shares
CODE                          Rights      Direct       Direct       Indirect    Direct       Indirect
GB00B0ZSH635      18,420,555  18,420,555  17,907,827   17,907,827   0           2.984%








B: Financial Instruments
Resulting situation after the triggering transaction
Type of financial     Expiration date Exercise/ Conversion      Number of voting rights    % of voting rights
instrument                            Period/ Date              that may be acquired if
                                                                the instrument is
                                                                exercised/ converted.
         n/a                n/a                  n/a                       n/a                    n/a


Total (A+B)
Number of voting rights                            % of voting rights
17,907,827                                         2.984%


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


Morgan Stanley Investment Management International Equity Trust


Proxy Voting:
10. Name of the proxy holder:                                       Morgan Stanley Investment Management
                                                                                   Limited
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:




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

• News Channel