Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTERESTS IN SHARES

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

Marshalls plc

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

An acquisition or disposal of voting rights

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): On market transfer between indirect and direct funds

X

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

Aviva plc and its subsidiaries

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

Registered Holder:

BNY (Nominees) Limited (166,976)*

BNY Norwich Union Nominees Limited (2,287,299)*

Chase (GA Group) Nominees Limited (14,636,286)*

Chase Nominees Limited (267,371)*

CUIM Nominee Limited (592,367)*

Vidacos Nominees Limited (108,574)*

* denotes direct interest

Chase Nominees Limited (243,089)

Vidacos Nominees Limited (60,481)

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

12 March 2012

6. Date on which issuer notified:

13 March 2012

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

8% to 9% change at direct interest level

8. Notified details:

A: Voting rights attached to shares

Class/type of shares

 if possible using the 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

% of voting rights

Direct

Direct

Indirect

Direct

Indirect

GB00B012BV22

Direct

17,649,183

(8.96%)

Indirect

713,260

(0.36%)

Direct

17,649,183

(8.96%)

Indirect

713,260

(0.36%)

18,362,443

18,058,873

303,570

9.17%

0.15%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date

Exercise/ Conversion Period/ Date

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

% of voting rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date

Exercise/

Conversion period

Number of voting rights instrument refers to

% of voting rights

Nominal

Delta

Total (A+B+C)

Number of voting rights

% of voting rights

18,362,443

9.32%

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

The voting rights are managed and controlled by Aviva Investors Global Services Limited with the following chain of controlled undertakings:-

Aviva Investors Global Services Limited:

·; Aviva plc (Parent Company)

·; Aviva Group Holdings Limited (wholly owned subsidiary of Aviva plc)

·; Aviva Investors Holdings Limited (wholly owned subsidiary of Aviva Group Holdings Limited)

·; Aviva Investors Global Services Limited (wholly owned subsidiary of Aviva Investors Holdings Limited)

Proxy Voting:

10. Name of the proxy holder:

See Section 4

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:

Figures are based on a total number of voting rights of 196,953,755 as per the Company's Total Voting Rights Announcement of 15 March 2010.

14. Contact name:

Cathy Baxandall, Company Secretary, Marshalls plc

15. Contact telephone number:

01484 438900