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:

Wolseley plc

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

An acquisition or disposal of voting rights

X

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:

Cevian Capital II G.P. Limited

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

Vidacos Nominees Limited

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

7 May 2014

6. Date on which issuer notified:

7 May 2014

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

Holding has gone below 5%

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

 JE00BFNWV485

13,306,560

 13,306,560

 N/A

 N/A

 13,123,178

 N/A

 4.94%

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

13,123,178

Cevian Capital II G.P Limited.: 4.94% (being the aggregate of 4.46% held indirectly by Cevian Capital II Master Fund L.P. and 0.48% held indirectly by Cevian Capital II Co-Investment Fund L.P.)

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

Cevian Capital II G.P. Limited ("Cevian") acts as general partner for Cevian Capital II Master Fund L.P. and Cevian Capital II Co-Investment Fund L.P.

Cevian is the indirect holder of the voting rights attached to the shares. The legal owner of the shares is Vidacos Nominees Limited (acting as nominee), which holds the shares on behalf of UBS AG (acting as custodian). 

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:

Graham Middlemiss

15. Contact telephone number:

0118 929 8700