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:

Smiths News Plc

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

An acquisition or disposal of voting rights

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):

Please refer to question 13.

X

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

Silchester Partners Limited (previously known as Silchester International Investors Limited)

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

Silchester International Investors International Value Equity Taxable TrustSilchester International Investors International Value Equity TrustSilchester International Investors International Value Equity Group TrustSilchester International Investors Tobacco Free International Value Equity TrustThe Calleva Trust

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

1st November 2010

6. Date on which issuer notified:

3rd November 2010

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

Failing from over 19% to below 3%

8. Notified details:

N/A

A: Voting rights attached to shares

Class/type ofshares

if possible usingthe ISIN CODE

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

Numberof shares

Number of votingrights

% of voting rights

Direct

Direct

Indirect

Direct

Indirect

GB00B17WCR61

34,803,278

34,803,278

0

0

0%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate

Exercise/ConversionPeriod

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

N/A

N/A

N/A

N/A

N/A

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

Resulting situation after the triggering transaction

Type of financialinstrument

Exerciseprice

Expirationdate

Exercise/Conversionperiod

Number of votingrights instrumentrefers to

% of voting rights

N/A

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

0

0%

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

N/A

Proxy Voting:

10. Name of the proxy holder:

Silchester Partners Limited (previously known as Silchester International Investors Limited)

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

N/A

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

N/A

13. Additional information:

On 1st November 2010, Silchester International Investors Limited ("Silchester Limited") transferred its regulated business to Silchester International Investors LLP ("Silchester LLP"). On the same day, Silchester limited changed its name to Silchester Partners Limited. All employees of Silchester Limited, including all portfolio managers, investment analysts and members of its administration and operations teams, became partners or employees of Silchester LLP. As of 1st November 2010, Silchester Limited does not exercise any control over the company's shares. Please refer to the regulatory disclosure submitted by Silchester LLP for further information. This notification was therefore triggered by the change in the legal structure of the investment management firm on 1st November 2010 rather than trading activity in the underlying shares.

14. Contact name:

Timothy J. Linehan, Head of Operations

15. Contact telephone number:

0207 518 7125