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:

Kesa Electricals 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:

Knight Vinke Asset Management LLC for itself and

on behalf of other Knight Vinke companies.

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

State Street Bank and Trust Company, Toronto on behalf of: Knight Vinke Institutional Partners I, L.P., Knight Vinke Institutional Partners II, L.P., Knight Vinke Institutional Partners V, L.P., Ontario Teachers' Pension Plan Board and Canada Pension Plan Investment Board.

Bank of New York Mellon, Massachusetts on behalf of State Board of Administration of Florida.

UBS, London, on behalf of Knight Vinke Institutional Partners (International) IV, L.P.,

UBS, Luxembourg on behalf of Eric Knight,

Kas Bank N.V., Amsterdam on behalf of an investor which is a limited partner in Knight Vinke Institutional Partners I, L.P.

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

 9th December 2010

6. Date on which issuer notified:

 13th December 2010

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

At 9.48% shareholding with direct voting rights but at 10.89% only if, whilst not required to do so, one were to add the shareholding managed by KV Services II Limited for Teacher Retirement Scheme of Texas in respect of which KV Services II has no control of voting rights or proxies in relation to such holding.

8. Notified details:

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

 GB0033040113

53,683,548

46,769,394

57,643,322

50,210,217

9.48%

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

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

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

50,210,217

9.48%

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

Knight Vinke Asset Management LLC holds the shares for itself and on behalf of other Knight Vinke companies, KVAM International Limited, KVAM International II Limited, KV Services Limited, SSP Services Limited and KV Services II Limited (together the "Knight Vinke Group") and on behalf of clients of the Knight Vinke Group, Knight Vinke Institutional Partners I, L.P., Knight Vinke Institutional Partners II, L.P., Knight Vinke Institutional Partners (International) IV, L.P., Knight Vinke Institutional Partners V, L.P., Ontario Teachers' Pension Plan Board, Canada Pension Plan Investment Board, State Board of Administration of Florida and Eric Knight.

Proxy Voting:

10. Name of the proxy holder:

State Street Bank and Trust Company and Kas Bank as detailed in #4.

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:

Notification using shares in issue figure of 529,553,216

14. Contact name:

Simon Enoch, Company Secretary

Kesa Electricals plc

15. Contact telephone number:

020 7269 1400