Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii

Home Retail Group 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 thenotification obligation: iii

Nuveen Affiliates Holdings, LLC

Nuveen Investments, Inc.

Windy City Investments, Inc.

Windy City Investments Holdings,

LLC

MDCP Holdco (Windy), LLC

Madison Dearborn Capital Partners

V-A, L.P.

Madison Dearborn Capital Partners

V-C, L.P.

Madison Dearborn Capital Partners V

Executive-A, L.P.

Madison Dearborn Partners V-A&C,L.P.

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

The shares are held by Tradewinds Global Investors, LLC only. All shares are held for the economic benefit of Tradewinds Global Investors, LLC clients.

5. Date of the transaction and date onwhich the threshold is crossed orreached: v

11 May 2012

6. Date on which issuer notified:

14 May 2012

7. Threshold(s) that is/are crossed orreached: vi, vii

7%

8. Notified details:

A: Voting rights attached to shares viii, ix

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 x

Direct

Direct xi

Indirect xii

Direct

Indirect

GB00B19NKB76

US43731T1025

20,790,441

10,860,549

17,600,751

9,612,450

17,600,751

38,450,160

2.16%

4.73%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate xiii

Exercise/Conversion Period xiv

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

N/A

Total (A+B)

Number of voting rights

Percentage of voting rights

56,050,911 (this total represents total ADRs

converted into Ordinary share equivalents in

addition to Ordinary shares held 1 ADR = 4 ORDs)

6.89%

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

The voting rights are held by Tradewinds Global Investors, LLC which is controlled by Nuveen Affiliates Holdings, LLC, which is in turn controlled by Nuveen Investments, Inc, which is in turn controlled by Windy City Investments, Inc., which is in turn controlled by Windy City Investments Holdings, L.L.C., which is in turn controlled by MDCP Holdco (Windy), LLC, which is in turn controlled by Madison Dearborn Partners V-A&C, L.P. through its management of various private equity funds: Madison Dearborn Capital Partners V-A, L.P., Madison Dearborn Capital Partners V-C, L.P., and Madison Dearborn Capital Partners V Executive-A, L.P.

Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will ceaseto hold:

12. Date on which proxy holder will cease to holdvoting rights:

13. Additional information:

14. Contact name:

Macfarlanes LLP (FAO: David Harrison)

15. Contact telephone number:

0207 831 9222