6 August 2008

Abbeycrest plc

("Abbeycrest" or the "Company")

Disclosure of Interest in Shares

The Board of Abbeycrest announces that on 6 August 2008, the Company was notified by Peter Gyllenhammar, the 100% shareholder in Förvaltnings AB Bronsstädet and Union Discount Company of London Ltd, that on 5 August 2008, Förvaltnings AB Bronsstädet and Union Discount Company of London Ltd together acquired a total of 387,000 Ordinary Shares of 10 pence each in the Company ("Ordinary shares"). 

As a result of this transaction, Förvaltnings AB Bronsstädet now holds 2,065,000 Ordinary Shares, representing 7.21% of the Company's total voting rights and Union Discount Company of London Ltd holds 2,510,000 Ordinary Shares, representing 8.77% of the Company's total voting rights. 

Peter Gyllenhammar now effectively holds 4,575,000 Ordinary Shares of 10 pence each in the Company, representing 15.98% of the Company's total voting rights of 28,623,641.

- Ends -

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