Holding(s) in Company

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

Kesa Electricals 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 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

Knight Vinke Asset Management LLC for itself and

on behalf of other Knight Vinke companies.

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

State Street Bank and Trust Company, Toronto on behalf of: Knight Vinke Institutional Partners I, L.P. ("KVIP I"), Knight Vinke Institutional Partners II, L.P. ("KVIP II"), Knight Vinke Institutional Partners V, L.P. ("KVIP V"), and KV Services Limited.

Bank of New York Mellon, Massachusetts on behalf of KV Services II Limited.

UBS, London, on behalf of Knight Vinke Institutional Partners (International) IV, L.P. ("KVIP IV").

UBS, Luxembourg on behalf of KV Services Limited.

Kas Bank N.V., Amsterdam on behalf of Knight Vinke Institutional Partners I, L.P.

Credit Suisse on behalf of KV Co-Investments Limited

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

17th and 21st February 2011

6. Date on which issuer notified:

22nd February 2011

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

At 14.83% shareholding with direct voting rights but at 16.76% only if, whilst not required to do so, one were to add the shareholding managed by KV Services II Limited for Teacher Retirement Scheme of Texas in respect of which KV Services II has no control of voting rights or proxies.

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

GB0033040113

72,737,913

63,311,417

88,737,913

78,510,163

14.83%

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

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financialinstrument

Exercise price

Expiration date xvii

Exercise/Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

78,510,163

14.83%

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

Knight Vinke Asset Management LLC, KVAM International II Limited, KV Services Limited, SSP Services Limited, KV Services II Limited and KV Co-Investments Limited being investment managers in the Knight Vinke Group and KVIP I, KVIP II, KVIP IV and KVIP V (together the "Knight Vinke Group").

Proxy Voting:

10. Name of the proxy holder:

State Street Bank and Trust Company, UBS, BNY Mellon, Kas Bank and Credit Suisse as detailed in #4.

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

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

13. Additional information:

Knight Vinke total holding of 88,737,913 shares represents 16.76% of shares outstanding. As part of this total some named entities within the Knight Vinke Group have major interests in the shares.

Notification using shares in issue figure of 529,553,216

14. Contact name:

Simon Enoch, Company Secretary

Kesa Electricals plc

15. Contact telephone number:

020 7269 1400