Holding(s) in Company

For filings with the FSA include the annex

For filings with issuer exclude the annex 

TR-1: Notifications of Major Interests in Shares

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

LAIRD PLC

2. Reason for notification (yes/no)

An acquisition or disposal of voting rights

X

An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached 

An event changing the breakdown of voting rights

Other (please specify):______________

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

PRUDENTIAL PLC GROUP OF COMPANIES

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

SEE SCHEDULE BELOW

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

24 OCTOBER 2008

6. Date on which issuer notified:

27 OCTOBER 2008

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

SEE SECTION 13

8: Notified Details

A: Voting rights attached to shares

Class/type of shares

If possible use 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

Percentage of voting rights

Direct

Indirect

Direct

Indirect

GB00B1VNST91

8,892,290

8,892,290

9,292,290

9,292,290

5.23%

B: Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date

Exercise/ conversion period/date 

No. of voting rights that may be acquired (if the instrument exercised/converted)

Percentage of voting rights

Total (A+B)

Number of voting rights

Percentage of voting rights

9,292,290

5.23%

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

PRUDENTIAL PLC (PARENT COMPANY)

M&G GROUP LIMITED (WHOLLY OWNED SUBSIDIARY OF PRUDENTIAL PLC)

M&G LIMITED (WHOLLY OWNED SUBSIDIARY OF M&G GROUP LIMITED)

M&G INVESTMENT MANAGEMENT LIMITED (WHOLLY OWNED SUBSIDIARY OF M&G LIMITED)

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:

M&G INVESTMENT MANAGEMENT LIMITED (WHOLLY OWNED SUBSIDIARY OF M&G LIMITED) HAS MOVED TO A 5% NOTIFIABLE INTEREST TRIGGERING THIS NOTIFICATION.

14 Contact name:

DIPESH VARSANI

M&G INVESTMENT MANAGEMENT LIMITED

15. Contact telephone number:

020 7548 3261