Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

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

Shanks Group 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):

Discretion over a portfolio has been transferred to Paradice Investment Management LLC, the holdings in that portfolio when aggregated with voting rights already under the control of Paradice Pty Ltd has taken the group up through a relevant threshold.

x

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

Paradice Investment Management Pty Ltd

PIM US Pty Ltd

Paradice Investment Management LLC

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

StateStreet Nominees Limited

Chase Nominees

Northern Trust Company Nominees

BP2S London Nominees

Vidacos Nominees LimitedRoy Nominees Ltd 

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

29 November 2016

6. Date on which issuer notified:

2 December 2016

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

5%

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

GB0007995243

Below 5%

Below 5%

0

0

31,297,984

0

5.14%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate

Exercise/Conversion Period

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

% of votingrights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financialinstrument

Exercise price

Expiration date

Exercise/Conversion period

Number of voting rights instrument refers to

% of voting rights

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

31,297,984

5.14%

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

Paradice Investment Management LLC is an investment management entity that manages the assets of certain funds and/or managed accounts and the assets under its management include the shares described in Box 8A of this notification. Paradice Investment Management LLC is a direct controlled undertaking of PIM US Pty Ltd. PIM US Pty Ltd. Is a direct controlled undertaking of Paradice Investment Management Pty Ltd.

Proxy Voting:

10. Name of the proxy holder:

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

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

13. Additional information:

14. Contact name:

Lucinda Hill

15. Contact telephone number:

+1 720 473 7504