1st Aug 2006 17:13
SCHEDULE 10 NOTIFICATION OF MAJOR INTERESTS IN SHARES 1. Name of companyST IVES PLC2. Name of shareholder having a major interestSILCHESTER INTERNATIONAL INVESTORS LIMITED3. Please state whether notification indicates that it is in respect of holdingof the shareholder named in 2 above or in respect of a non-beneficial interestor in the case of an individual holder if it is a holding of that person'sspouse or children under the age of 18PLEASE SEE ATTACHED NOTIFICATION4. Name of the registered holder(s) and, if more than one holder, the number ofshares held by each of themPLEASE SEE ATTACHED NOTIFICATION5. Number of shares/amount of stock acquiredN/A6. Percentage of issued classN/A7. Number of shares/amount of stock disposedN/A8. Percentage of issued classN/A9. Class of securityORDINARY SHARES OF 10P EACH10. Date of transactionN/A11. Date company informed1 AUGUST 200612. Total holding following this notification18,591,47013. Total percentage holding of issued class following this notification17.95%14. Any additional informationST IVES PLC'S ISSUED SHARE CAPITAL AS AT 1 AUGUST 2006 IS 103,551,005 ORDINARYSHARES OF 10P EACH15. Name of contact and telephone number for queriesPHILIP HARRIS TELEPHONE: 020 7928 884416. Name and signature of authorised company official responsible for makingthis notificationPHILIP HARRIS, COMPANY SECRETARY, ST IVES PLC17. Date of notification1 AUGUST 2006LETTER TO ST IVES PLC ON SILCHESTER INTERNATIONAL INVESTORS LIMITED HEADEDPAPERCompany SecretaryST IVES PLCSt Ives HouseLavington StreetLondonSE1 0NXFax no.: 020 7902 656631st July 2006Dear Company SecretarySilchester International Investors Limited ("Silchester") acts as an InvestmentManager for a number of commingled funds ("our Clients"). In acting for ourClients, we are given full discretion over their investments, and are empoweredto vote on their behalf. However, we do not act as their Custodian andtherefore shares are not held in our name, but in the nominee name of ourClients' Custodian bank.Silchester previously disclosed its holding in your company jointly with sharescontrolled by Sanderson Asset Management Limited ("Sanderson") for the purposesof Section 198 of the Companies Act 1985. These disclosures were requiredbecause, prior to 28th July 2006, Silchester was deemed to have an `interest'in shares that Sanderson controls by virtue of Section 203(2)(b) of theCompanies Act 1985 due to Silchester's control of more than one-third of thevoting capital of Sanderson. On 28th July 2006, Sanderson amended its Articlesto limit Silchester's voting rights in Sanderson to 19.9%.Due to this change in structure, Silchester is no longer required to jointlydisclose shares in your company under Section 198 of the Companies Act 1985.Silchester, as at the close of business on 28th July 2006, has an interest inthe following shares (also see attached):SILCHESTER 18,591,470Our records show that you have the following shares in that class:ST IVES PLC 103,551,005For your information, we exercise control over 17.95% of the shares of thatclass and, of that, two of our clients control 11.49% and 4.8%. Yours faithfully, ALISON RAVENSCROFT Head of Dealing SILCHESTER INTERNATIONAL INVESTORS LIMITED - CLIENT OWNERSHIP Company: ST IVES PLC Attention: Company Secretary Share Class: Address: St Ives House ORDINARY Lavington Street London Issued Shares: SE1 0NX 103,551,005 Fax No: 0207 902 6566 SII Client Ownership: 18,591,470 Date: 31 July 2006 % of Shares 17.95 SII Account Nominee Silchester Silchester % Voting Current Holding Authority Share at Fund Holding Level Silchester International Investors Northern YES 4,968,150 4.80International Value Equity Group Trust Trust Company c/o Silchester International Investors, Inc. 780 Third Avenue, 42nd Floor, New York, New York 10017 Silchester International Investors Northern YES 819,429 0.79Tobacco Free International Value Trust Equity Trust Company c/o Silchester International Investors, Inc. 780 Third Avenue, 42nd Floor, New York, New York 10017 Silchester International Investors Northern YES 11,895,291 11.49International Value Equity Trust Trust c/o Silchester International Company Investors, Inc. 780 Third Avenue, 42nd Floor, New York, New York 10017 The Calleva Trust Northern YES 908,600 0.88c/o The Bank of Bermuda Limited Trust The Bank of Bermuda Building Company 6 Front Street, Hamilton HM11, Bermuda TOTAL 18,591,470 ENDST IVES PLCRelated Shares:
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