Thorntons Regulatory News (THT)

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):

THORNTONS PLC

2. Reason for the notification (please 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 (iii):

SVG Investment Management Limited (as investment manager/advisor)

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

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

     11 January 2012

6. Date on which issuer notified:

12 January 2012

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

Holding decreased below reportable 5%

8. Notified details:

……………..

A: Voting rights attached to shares

Resulting situation after the triggering transaction (vii)

B: Financial Instruments

Resulting situation after the triggering transaction (xii)

Total (A+B)

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

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:

Mark R. Henson - Company Secretary

15. Contact telephone number: 01773 542384