Holding(s) in Company

NOTIFICATION OF MAJOR HOLDINGS (amendment to RNS Number : 6501E made on 19 July 2016)

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

Low & Bonar PLC

1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate)

Non-UK issuer

X

2. Reason for the notification (please mark the appropriate box or boxes with an "X")

An acquisition or disposal of voting rights

An acquisition or disposal of financial instruments

An event changing the breakdown of voting rights

Other (please specify)iii:

X

3. Details of person subject to the notification obligationiv

Name

Luxunion SA

Foyer Finance SA

Luxempart SA

City and country of registered office (if applicable)

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

Name

Luxempart SA

City and country of registered office (if applicable)

5. Date on which the threshold was crossed or reachedvi:

18 July 2016

6. Date on which issuer notified (DD/MM/YYYY):

20 July 2016

7. Total positions of person(s) subject to the notification obligation

% of voting rights attached to shares (total of 8. A)

% of voting rights through financial instruments(total of 8.B 1 + 8.B 2)

Total of both in % (8.A + 8.B)

Total number of voting rights of issuervii

Resulting situation on the date on which threshold was crossed or reached

5.2323

N/A

5.2323

17,249,145

Position of previous notification (if

applicable)

8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii

A: Voting rights attached to shares

Class/type ofshares

ISIN code (if possible)

Number of voting rightsix

% of voting rights

Direct

(Art 9 of Directive 2004/109/EC) (DTR5.1)

Indirect

(Art 10 of Directive 2004/109/EC) (DTR5.2.1)

Direct

(Art 9 of Directive 2004/109/EC) (DTR5.1)

Indirect

(Art 10 of Directive 2004/109/EC) (DTR5.2.1)

GB0005363014

17,249,145

N/A

5.2323

N/A

SUBTOTAL 8. A

17,249,145

5.2323

B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))

Type of financial instrument

Expirationdatex

Exercise/Conversion Periodxi

Number of voting rights that may be acquired if the instrument is

exercised/converted.

% of voting rights

N/A

N/A

N/A

N/A

N/A

SUBTOTAL 8. B 1

N/A

N/A

B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))

Type of financial instrument

Expirationdatex

Exercise/Conversion Period xi

Physical or cash

settlementxii

Number of voting rights

% of voting rights

N/A

N/A

N/A

N/A

N/A

N/A

SUBTOTAL 8.B.2

N/A

N/A

9. Information in relation to the person subject to the notification obligation (please mark the

applicable box with an "X")

Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii

Full chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv

X

Namexv

% of voting rights if it equals or is higher than the notifiable threshold

% of voting rights through financial instruments if it equals or is higher than the notifiable threshold

Total of both if it equals or is higher than the notifiable threshold

Luxunion SA

N/A

N/A

N/A

Foyer Finance SA

N/A

N/A

N/A

Luxempart SA

5.2323

N/A

17,249,145

10. In case of proxy voting, please identify:

Name of the proxy holder

N/A

The number and % of voting rights held

N/A

The date until which the voting rights will be held

N/A

11. Additional informationxvi

This notification corrects the notification dated 19 July 2016 by including Luxunion SA as the ultimate controlling legal entity. This disclosure has been calculated based on issued share capital of 329,669,079, which is higher than as at the date of the original notification.

Place of completion

Date of completion

Annex: Notification of major holdings

A: Identity of the person subject to the notification obligation

Full name (including legal form for legal entities)

Luxempart SA

Contact address (registered office for legal entities)

12 Rue Léon Laval

L-3372 Leudelange

Luxembourg

E-Mail

[email protected]

Phone number / Fax number

+352 437 43 51 01

Other useful information

(at least legal representative for legal persons)

B: Identity of the notifier, if applicable

Full name

Erika Percival, Company Secretary

Low & Bonar PLC

Contact address

One Connaught Place

London W2 2ET

E-Mail

Phone number / Fax number

020 7535 3180

Other useful information (e.g. functional relationship with the person or legal entity subject to the notification obligation)

C: Additional information