25th Jan 2007 10:39
TR-1 (i) NOTIFICATION OF MAJOR INTERESTS IN SHARES
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached (ii):
United Business Media plc
2. Reason for the notification State Yes/No An acquisition or disposal of voting rights Yes An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached An event changing the breakdown of voting rights Other (please specify): 3. Full name of person(s) subject to the notification obligation BT Pension (iii): Scheme Trustees Limited as trustee of the BT Pension Scheme and Hermes Pensions Management Limited
4. Full name of shareholder(s) (if different from 3.) (iv): n/a
5. Date of the transaction (and date on which the threshold is 22 January crossed
2007 or reached if different) (v): 6. Date on which issuer notified: 24 January 2007 7. Threshold(s) that is/are crossed or reached: 4% 8. Notified details:
A: Voting rights attached to shares
Class/type of Situation Resulting situation shares previous to the after the triggering if possible Triggering transaction (vii) using the ISIN transaction (vi)
CODE Number Number Number Number of voting % of voting of of of rights (ix) rights Shares Voting shares Rights (viii) Direct Direct Indirect Direct Indirect (x) (xi) B0B2LQ7 11,356,668 11,356,668 487,415 487,415 10,869,253 0.173% 3.859% GB00B0B2LQ71 B: Financial Instruments
Resulting situation after the triggering transaction (xii)
Type of Expiration Exercise/ Number of % of voting financial date (xiii) Conversion voting rights instrument Period/ Date rights that may (xiv) be acquired if the instrument is exercised/ converted Total (A+B) Number of voting rights % of voting rights 11,356,668 4.032%
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable (xv):
BT Pension Scheme Trustees Limited is the parent undertaking of Britel Fund Trustees Limited, which is the parent undertaking of Hermes Pensions Management Limited. Hermes Pensions Management Limited is the parent undertaking of:
1. Hermes Equity Ownership Services Limited (voting rights held in this issuer: 0.101%)
2. Hermes Investment Management Limited (voting rights held in this issuer: 0.970%)
3. Hermes Focus Asset Management Limited (voting rights held in this issuer: 2.961%)
4. Hermes Assured Limited (included with number 2) Please see Section 13 for further information.
Proxy Voting:10. Name of the proxy holder: See Comment in Section 13
11. Number of voting rights proxy holder will cease See Comment in to hold: Section 13 12. Date on which proxy holder will cease to hold See Comment in
voting rights: Section 13 13. Additional information: Hermes Equity Ownership Services Limited hold the voting rights under a standing proxy contained in services agreements for the provision of corporate governance services to various underying clients. Hermes Investment Management Limited hold the voting rights under a standing proxy contained in investment management agreements with various underying clients, which includes all the shares owend directly by BT Pension Scheme and Hermes Assured Limited. Hermes Focus Asset Management Limited hold the voting rights as General Partner under a standing proxy contained in limited partnership agreements with various limited partnerships. All voting rights held on behalf of the above entities are aggregated for the purposes of DTR 5.2.1(a). The aggregation is made at the lower threshold of 3% and above because Hermes Equity Ownership Services Limited does not manage investments for the purposes of the investment manager exemption contained in DTR 5.1.5. This disclosure is made by BT Pension Scheme Trustees Limited, which is the ultimate parent undertaking for the purposes of DTR 5.2.1(e). 14. Contact name: Margaret Moss 15. Contact telephone number: 020 7680 2125
UNITED BUSINESS MEDIA PLCRelated Shares:
UBM