RNS Number:6684G
ITIS Holdings PLC
21 December 2004


ITIS HOLDINGS PLC (the 'Company')

Holding in Company

On 21st December 2004, the Company was informed by Peder Smedvig Capital
AS('Smedvig') that, as at that date and  following the purchase of 100,000
ordinary shares of 2p each in the Company ('Ordinary Shares'), Smedvig had an 
interest in 11,245,212 Ordinary Shares representing approximately 11.68 per cent
of the Ordinary Shares in issue.


Smedvig is represented on the board of the Company by John Hewett, a non-
executive director. Mr Hewett holds 150,000  Ordinary Shares in addition to
Smedvig's shareholding.


Contact
Andrew Forrest                               0161 927 3600
Finance Director







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

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