3rd Oct 2007 10:32
Low & Bonar PLC03 October 2007 TR-1: NOTIFICATION OF MAJOR INTERESTS IN SHARES 1. Identity of the issuer or the underlying issuer of existing shares to whichvoting rights are attached: Low & Bonar plc 2. Reason for the notification (please place an X inside the appropriate bracket/s): An acquisition or disposal of voting rights: (X ) An acquisition or disposal of financial instruments which may result in theacquisition of shares already issued to which voting rights are attached: ( ) An event changing the breakdown of voting rights: ( ) Other (please specify) : ( ) ................. 3. Full name of person(s) subject to the notification obligation: BT Pension Scheme Trustees Limited as trustee of the BT Pension Scheme. SeeSection 9 for further details. 4. Full name of shareholder(s) (if different from 3.) : Hermes UK Small Companies Focus Fund 5. Date of the transaction (and date on which the threshold is crossed orreached if different): 01/10/2007 6. Date on which issuer notified: 02/10/2007 7. Threshold(s) that is/are crossed or reached 6% 8. Notified details: A: Voting rights attached to shares Class/type of shares if possible using Situation previous to the Triggeringthe ISIN CODE transaction Number of Number of voting shares Rights 0536301 10,764,168 10,764,168 GB0005363014 Resulting situation after the triggering transaction Class/type of shares if Number of Number of voting rights % of votingpossible using the ISIN shares rightsCODE Direct Direct Indirect Direct Indirect 0536301 129,491 129,491 10,552,449 0.084% 6.869%GB0005363014 B: Financial Instruments Resulting situation after the triggering transaction Type of Expiration Exercise/ Number of voting rights that may % offinancial Date Conversion be acquired if the instrument is votinginstrument Period/ Date exercised/ converted. rights N/A N/A N/A N/A N/A Total (A+B) Number of voting rights % of voting rights 10,681,940 6.953% 9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: BT Pension Scheme Trustees Limited is the parent undertaking of Britel FundTrustees Limited, which is the parent undertaking of Hermes Pension ManagementLimited. Hermes Pensions Management Limited is the parent undertaking of: 1. Hermes Investment Management Limited (voting rights held in issuer:0.400%) 2. Hermes Focus Asset Management Limited (Voting rights held in thisissuer: 6.553%) Please see section 13 for further information. Proxy Voting: 10. Name of the proxy holder: N/A 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: Hermes Investment Management Limited hold the voting rights under a standingproxy contained in investment management agreements with various underlyingclients, which includes all the shares owned directly by BT Pension scheme. Hermes Focus Asset Management Limited hold the voting rights as General Partnerunder a standing proxy contained in limited partnership agreements with variouslimited partnerships. All voting rights held on behalf of the above entities are aggregated for thepurposes 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 theultimate parent undertaking for the purposes of DTR 5.2.1(e) 14. Contact name: Matthew Joy, Company Secretary, Low & Bonar plc 15. Contact telephone number: 0207 535 3180 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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