Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii

Home Retail Group 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 thenotification obligation: iii

Sanderson Asset Management Ltd

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

5. Date of the transaction and date onwhich the threshold is crossed orreached: v

15 August 2011

6. Date on which issuer notified:

16 August 2011

7. Threshold(s) that is/are crossed orreached: vi, vii

4%

8. Notified details:

A: Voting rights attached to shares viii, ix

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 x

Direct

Direct xi

Indirect xii

Direct

Indirect

GB00B19NKB76

30,291,899

30,291,899

33,491,899

33,491,899

0

4.12%

0%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate xiii

Exercise/Conversion Period xiv

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

% of votingrights

N/A

N/A

N/A

N/A

N/A

Total (A+B)

Number of voting rights

Percentage of voting rights

33,491,899

4.12%

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

N/A

Proxy Voting:

10. Name of the proxy holder:

Sanderson Asset Management Ltd

11. Number of voting rights proxy holder will ceaseto hold:

N/A

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

N/A

13. Additional information:

Sanderson Asset Management Ltd ("Sanderson") acts as investment manager for our clients. In acting for our clients, Sanderson are given full discretion over their investments and are empowered to vote on their behalf. However, we do not act as our clients' custodian and therefore shares are not held in our name but in the name of each client's custodian bank.

14. Contact name:

Jalpa Taank

15. Contact telephone number:

0207 468 5977