Holding(s) in Company

Reason for notification:

Initial notification after acquisition of Resolution PLC by Pearl Group

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

Resolution Investment Services Limited

Date of the transaction:

Date on which issuer notified: 

23 September 2008

25 September 2008

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

3%

Notified details:

Nominee holdings

Voting rights attached to shares:

Class/type of shares - GB0005758098

Situation previous to the triggering transaction:

Number of shares, indirect - 25,117,001

Number of voting rights, indirect - 25,117,001

Percentage of voting rights, indirect - 3.81%

Resulting situation before the triggering transaction:

Number of shares, indirect - 19,881,883

Number of voting rights, indirect - 19,881,883

Percentage of voting rights, indirect - 2.99%

Total voting rights:

Number of voting rights - 19,881,883

Percentage of voting rights - 2.99%

Chain of controlled undertakings through which voting rights are effectively held:

See below

Pearl Group Limited

Impala Holdings Limited

Resolution PLC

Resolution Asset Management Limited

Resolution Investment Services Limited (indirect)

Bank of New York Nominees Limited (2,319,632 0.35%)

Vidacos Nominees Limited (17,187,306 2.59%)

Mellon Bank NA (230,455 0.03%)

Nortrust Nominees Limited (87,079 0.01%)

State Street Nominees (57,411 0.01%)

Additional information

Percentage calculation based on issued share capital of 664,696,000

Contact name and telephone number:

Deborah A Wagner (0141 222 8000)