Holding(s) in Company

TR-1: Notifications of Major Interests in Shares

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

BOVIS HOMES GROUP PLC

2. Reason for notification (yes/no)

An acquisition or disposal of voting rights

YES Disposal

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 notification obligation:

AVI Value Fund 771,387

British Empire 2,496,746

Carnegie 176,610

CF AVI Global Fund 375,569

Columbia (non voting) 228,968

LNS01 95,817

Rockefeller 164,624

Yale University 527,752

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

StateStreet Nominees

Chase Nominees

StateStreet Nominees

BoNY Nominees

Mellon Nominees

Pictet Nominees

Chase Nominees

NorTrust Nominees

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

23 July 2008

6. Date on which issuer notified:

24 July 2008

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

4%

8: Notified Details

A: Voting rights attached to shares

Class/type of shares

If possible use 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

Percentage of voting rights

Direct

Indirect

Direct

Indirect

GB0001859296

Ordinary Shares

5,561,073

5,297,147

4,837,473

4,608,505

0%

3.80%

0%

B: Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date

Exercise/ conversion period/date 

No. of voting rights that may be acquired (if the instrument exercised/converted)

Percentage of voting rights

N/A

Total (A+B)

Number of voting rights

Percentage of voting rights

4,608,505

3.80%

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

State Street Nominees acts as custodian for the AVI Value Fund LLC

JPMorgan Chase Nominees acts as custodian for British Empire Securities

State Street Nominees acts as custodian for the Carnegie Corporation

Bank of New York Nominees acts as custodian for the CF AVI Global Fund

Mellon Nominees acts as custodian for The Trustees of Columbia University (non-voting)

Pictet Nominees acts as custodian for LNS01

JPMorgan Chase Nominees acts as custodian for The Rockefeller University

Northern Trust Nominees acts as custodian for Yale University

Proxy Voting:

10. Name of 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:

Asset Value Investors acts as discretionary manager for all funds mentioned in 3. 

14 Contact name:

Asset Value Investors Limited

Daniel Sadler

15. Contact telephone name:

0207 647 2919