Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

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

Wolseley plc

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

 X

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

An event changing the breakdown of voting rights

Other (please specify):

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

 Cevian Capital II G.P. Limited ("Cevian Capital G.P.") & Cevian Capital II Master Fund L.P. ("Cevian Capital L.P.")

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

 UBS AG

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

23 June 2010

6. Date on which issuer notified:

23 June 2010

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

Cevian Capital G.P.: 5%

Cevian Capital L.P.: 5%

8. Notified details:

A: Voting rights attached to shares

Class/type of shares

if possible using the 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

% of voting rights

Direct

Direct

Indirect

Direct

Indirect

GB00B5ZN3P43

Cevian Capital G.P.: 14,190,088

Cevian Capital G.P.: 14,190,088

Cevian Capital G.P.: 14,690,088

Cevian Capital G.P.: 5.17%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date

Exercise/ Conversion Period

Number of voting rights that may be acquired if the instrument is exercised/ converted.

% of voting rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date

Exercise/ Conversion period

Number of voting rights instrument refers to

% of voting rights

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

Cevian Capital G.P.: 14,690,088

Cevian Capital L.P.: 14,300,088

Cevian Capital G.P.: 5.17% (being the aggregate of 5.03% held indirectly by Cevian Capital L.P. and 0.14% held indirectly by Cevian Capital II Co-Investment Fund L.P.)

Cevian Capital L.P.: 5.03%

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

Cevian Capital II G.P. Limited acts as general partner for Cevian Capital II Master Fund L.P. and Cevian Capital II Co-Investment Fund L.P.

UBS AG (acting as custodian) is the legal owner of the shares indirectly held by Cevian Capital II Master Fund L.P. and Cevian Capital II Co-Investment Fund L.P.

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:

 Richard Shoylekov

15. Contact telephone number:

 +44 (0)118 929 8700