TR-1: Notification of Major Interest in Shares

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi 1. Identity of the issuer or the underlying issuer Candoverof existing shares to which voting rights are Investments plcattached:ii 2 Reason for the notification (please tick the appropriate box or boxes): An acquisition or disposal of voting rights X An acquisition or disposal of qualifying financial instruments which may resultin the acquisition of shares already issued to which voting rights are attached An acquisition or disposal of instruments with similar economic effect toqualifying financial instruments An event changing the breakdown of voting rights Other (please specify): 3. Full name of person(s) subject to the Schroders plcnotification obligation:iii 4. Full name of shareholder(s) (if different from 3.):iv 5. Date of the transaction and date onwhich the threshold is crossed or 13.01.14reached: v 6. Date on which issuer notified: 14.01.14 7. Threshold(s) that is/are crossed or Below 5%reached: vi, vii 8. Notified details: A: Voting rights attached to shares viii, ix Class/type Situation previous Resulting situation after the triggering transactionof to the triggeringshares transaction Number Number Number Number of voting % of votingif possible of of of shares rights rights xusing Shares Votingthe ISIN Rights Direct Direct xi Indirect Direct IndirectCODE xii Ordinary GB0001713154 1,746,648 1,127,922 1,057,778 N/A 1,057,528 N/A 4.856% B: Qualifying Financial Instruments Resulting situation after the triggering transaction Type of Expiration Exercise/ Number of voting % of votingfinancial date xiii Conversion Period xiv rights that may be rightsinstrument acquired if the instrument is exercised/ converted. C: Financial Instruments with similar economic effect to Qualifying FinancialInstruments xv, xvi Resulting situation after the triggering transaction Type of Exercise Expiration Exercise/ Number of voting % of votingfinancial price date xvii Conversion rights instrument rights xix, xxinstrument period xviii refers to Nominal Delta Total (A+B+C) Number of voting rights Percentage of voting rights 1,057,528 4.856% 9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi Cazenove Capital Management Limited 10,791 0.05% Schroder Investment Management Ltd 1,025,416 4.708% Schroder & Co Ltd 21,321 0.098% Proxy Voting: 10. Name of the proxy holder: 11. Number of voting rights proxy holder will ceaseto hold: 12. Date on which proxy holder will cease to holdvoting rights: The shares referred to in section 9 are held in13. Additional information: portfolios managed by those firms on a discretionary basis for clients under investment management agreements. This disclosure has been calculated based on issue share capital amount 21,778,580. 14. Contact name: Scott Dickenson 15. Contact telephone number: 020 7658 6000