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:

Wren Homes Group plc 

GB0031056459

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 event changing the breakdown of voting rights

Other (please specify): Change in share capital

X

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

Allianz SE

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

Allianz Insurance plc 

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

7 November 2008

6. Date on which issuer notified:

17 November 2008 

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

3%

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

GB0031056459

1,473,222

1,473,222

1,473,222

1,473,222

2.8103%

B: 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

Total (A+B)

Number of voting rights

% of voting rights

1,473,222

2.8103%

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

Allianz Insurance plc is a subsidiary of Allianz SE. Allianz SE is the ultimate holding company of Allianz Holdings plc which is a holding company of Allianz Insurance Plc. The shares in Allianz Holdings Plc are held by Allianz UK Limited, which is a 66.7% owned subsidiary of Allianz Europe Limited ("Allianz Europe"). The other 33.3% of shares in Allianz UK Limited are owned by Allianz Liebensversicherungs GmbH, which is itself an indirect subsidiary of Allianz SE. Allianz Europe is an 85% owned subsidiary of AZ-Argos 10 Vermogensverwaltungsgesellschaft GmbH which in its turn is a wholly owned subsidiary of Allianz SE. Allianz SE is also the owner of the other 15% of Allianz Europe.

Proxy Voting:

10. Name of the proxy holder:

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:

14. Contact name:

Dresdner Kleinwort Media Relations Team 

15. Contact telephone number:

020 7623 8000