Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

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

Kesa Electricals 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):

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

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.):iv

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.,

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: v

12th October 2010

6. Date on which issuer notified:

15th October 2010

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

Crossed both 4% and 5% shareholding threshold on 12th October

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type of shares

if possible using the ISIN CODE

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of Shares

Number of Voting Rights

Number of shares

Number of voting rights

% of voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

GB0033040113

20,776,045

17,447,193

31,591,045

27,506,944

5.19%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date xiii

Exercise/ Conversion Period xiv

Number of voting rights that may be acquired if the instrument is exercised/ converted.

% of voting rights

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

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date xvii

Exercise/ Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

27,506,944

5.19%

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

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, and State Board of Administration of Florida.

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