10th Aug 2007 11:50
Development Securities PLC10 August 2007 TR-1: Notifications of Major Interests in Shares 1. Identity of the issuer or the underlying issuer ofexisting shares to which voting rights are attached: Development Securities Plc 2. Reason for notification (yes/no) An acquisition or disposal of voting rights An acquisition or disposal of financial instruments which may result in the acquisitionof shares already issued to which voting rights are attached An event changing the breakdown of voting rights Other (please specify):_Transfer to external manager X 3. Full name of person(s) subject to notificationobligation: 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 from3): N/A 5. Date of transaction (and date on which the 7th August 2007threshold is crossed or reached if different): 6. Date on which issuer notified: 8th August 2007 7. Threshold(s) that is/are crossed or reached: 4% 8: Notified DetailsA: Voting rights attached to shares Class/type of Situation previous to the Resulting situation after the triggering transactionshares triggering transaction Number of Number of Number of Number of voting rights Percentage of votingIf possible use shares voting shares rightsISIN code rights Direct Indirect Direct IndirectOrd 50p 2,109,245 2,109,245 2,033,746 1,077,900 955,846 2.633% 2.335% GB0002668464 B: Financial Instruments Resulting situation after the triggering transaction Type of financial Expiration date Exercise/ conversion No. of voting rights Percentage of votinginstrument period/date that may be acquired rights (if the instrument exercised/converted) Total (A+B) Number of voting rights Percentage of voting rights2,033,746 4.968% 9. Chain of controlled undertakings through which the voting rights and /or the financial instruments are effectivelyheld, if applicable:BT Pension Scheme Trustees Limited is the parent undertaking of Britel Fund Trustees Limited, which is the parentundertaking of Hermes Pensions Management Limited. Hermes Pensions Management Limited is the parent undertaking of: 1. Hermes Investment Management Limited ( voting rights held in this issuer: 4.968%) 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 ceaseto hold: See comment in Section 13. 12. Date on which proxy holder will cease to holdvoting 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, which includes all the shares owned directly by BT Pension Scheme. 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: S A Lanes 15. Contact telephone number : 020 7828 4777 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
UAI.L