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:

DEVRO PLC

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

Yes

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:

Artemis Investment Management LLP

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

Witan Investment Trust

L&G (Barclays) Series2 MM Alpha Fund

L&G (Barclays) MM Alpha Fund

Barclays UK Alpha

BAE Systems Pension Funds CIF Trustees Limited

BAE Systems 2000 Pension Plan Trustees Limited

Artemis UK Hedge

Akzo Nobel Pension Scheme

Artemis Institutional UK Growth

Artemis Institutional Special Situations

Artemis UK Special Situations Fund

Artemis UK Smaller Companies Fund

Artemis UK Growth Fund

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

09 March 2011

6. Date on which issuer notified:

10 March 2011

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

11%

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

GB0002670437

18,131,121

18,131,121

17,778,016

17,778,016

10.87%

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

17,778,016

10.87%

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

Proxy Voting:

10. Name of the proxy holder:

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:

14. Contact name:

Neil Buckley

15. Contact telephone number:

0131 718 0411