Holding(s) in Company

TR-1: Notifications of Major Interests in Shares

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

Pinewood Shepperton PLC

2. Reason for notification (yes/no)

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 

No

An event changing the breakdown of voting rights

No

Other (please specify):______________

No

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

BT Pension Scheme Trustees Limited as trustee of the BT Pension Scheme. See Section 9 for further information.

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

N/A

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

7th January 2009

6. Date on which issuer notified:

8th January 2009

7. Threshold(s) that is/are crossed or reached:

2%

8: Notified Details

A: Voting rights attached to shares

Class/type of shares

If possible use ISIN code

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of shares

Number of voting rights

Number of shares

Number of voting rights

Percentage of voting rights

Direct

Indirect

Direct

Indirect

GB00B00KLG25

B00KLG2

Ord GBP0.01

1,393,396

1,393,396

0

0

1,360,592

0%

2.961%

B: Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date

Exercise/ conversion period/date 

No. of voting rights that may be acquired (if the instrument exercised/converted)

Percentage of voting rights

Total (A+B)

Number of voting rights

Percentage of voting rights

1,360,592

2.961%

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

BT Pension Scheme Trustees Limited is the parent undertaking of Britel Fund Trustees Limited, which is the parent undertaking of Hermes Pensions Management Limited. Hermes Pensions Management Limited is the parent undertaking of :

Hermes Equity Ownership Services Limited (voting rights held in this issuer : 0.0%)

Hermes Investment Management Limited (voting rights held in this issuer : 2.961%)

Please see Section 13 for further information

Proxy Voting:

10. Name of proxy holder:

See Comment in Section 13.

11. Number of voting rights proxy holder will cease to hold:

See Comment in Section 13.

12. Date on which proxy holder will cease to hold voting rights:

See Comment in Section 13.

13. Additional information:

Hermes Investment Management Limited hold the voting rights under a standing proxy contained in investment management agreements with various underlying clients for the purposes of DTR 5.2.1(h).

Hermes Equity Ownership Services Limited hold the voting rights under a standing proxy contained in services agreements for the provision of corporate governance services to various underlying clients.

All voting rights held on behalf of the above entities are aggregated for the purposes of DTR 5.2.1(a) and disclosed pursuant to DTR 5.1.5.

This disclosure is made by BT Pension Scheme Trustees Limited, which is the ultimate parent undertaking for the purposes of DTR 5.2.1(e).

14 Contact name:

Valarie Davidson/ Margaret Moss

15. Contact telephone name:

020 7680 2125

Annex Notification Of Major Interests In Shares

A: Identity of the persons or legal entity subject to the notification obligation

Full name

(including legal form of legal entities)

BT Pension Scheme Trustees Limited

Contact address

(registered office for legal entities)

Lloyds Chambers, 1 Portsoken Street, London E1 8HZ

Phone number & email

020 7702 0888

Other useful information

(at least legal representative for legal persons)

BT Pension Scheme Trustees Limited is the parent undertaking of the group of companies subject to the notification obligation as indirect holders of voting rights for the purpose of DTR 5.2.1(a) and 5.2.1(e)

B: Identity of the notifier, if applicable

Full name

Hermes Administration Services Limited as agent for BT Pension Scheme Trustees Limited

Contact address

Lloyds Chambers, 1 Portsoken Street, London E1 8HZ

Phone number & email

020 7680 2177 / 020 7680 2125

Other useful information

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

Hermes Administration Services Limited acts as the authorised administration agent on behalf of BT Pension Scheme Trustees Limited