Holding(s) in Company

SOMERO ENTERPRISES, INC.

23 FEBRUARY 2012

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:

Somero Enterprises, Inc.

2.

Reason for notification (yes/no)

An acquisition or disposal of voting rights

Yes - disposal

An acquisition or disposal of 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 notification obligation:

Toscafund Asset Management LLP

Tosca Small Cap

4.

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

Tosca Small Cap

5.

Date of transaction (and date on which the threshold is crossed or reached if different):

29 September 2010

6.

Date on which issuer notified:

22 February 2012

7.

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

12 - 3%

8.

Notified Details

A:

Voting rights attached to shares

Class/type of shares

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

If possible use ISIN code

Number of shares

Number of voting rights

Number of shares

Number of voting rights

Percentage of voting rights

Direct

Direct

Indirect

Direct

Indirect

USU834501038

3,993,131

3,993,131

0

0

0

0

0

B:

Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type offinancialinstrument

Expirationdate

Exercise/conversionperiod/date

No. of voting rightsthat may be acquired(if the instrumentexercised/converted)

Percentage of votingrights

C:

Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type offinancialinstrument

Exerciseprice

Expirationdate

Exercise/conversionperiod/date

No. of voting rightsthat may be acquired(if the instrumentexercised/converted)

Percentage of votingrights

CFD

0

Nominal

Delta

0

Total (A+B+C)

Number of voting rights

Percentage of voting rights

0

0%

9.

Proxy Voting:

10.

Name of 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:

Nikki Wood

15.

Contact telephone name:

+44 20 7845 6100