Conduit Hldg Regulatory News (CRE)

9 Aug 2007 07:00

Creston PLC08 August 2007 TR-1(i): NOTIFICATION OF MAJOR INTERESTS IN SHARES (1). Identity of the issuer or the underlying issuer of existing shares to whichvoting rights are attached (ii): Creston Plc 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) : Transfer to external manager ( x ) 3. Full name of person(s) subject to the notification obligation (iii): BT Pension Scheme Trustees Limited as trustee of the BT Pension Scheme. See Section 9 for further information. 4. Full name of shareholder(s) (if different from 3.) (iv): N/A 5. Date of the transaction and date on which the threshold is crossed or reachedif different) (v): 7 August 2007 6. Date on which issuer notified: 8 August 2007 7. Threshold(s) that is/are crossed or reached: 8% 8. Notified details: ................. A: Voting rights attached to shares Class/type of shares Situation previous to if possible using the the Triggering ISIN CODE transaction (vi) Number of shares Number of voting Rights (viii) 0444028 5,044,807 5,044,807 GB0004440284 ORD £0.10 Resulting situation after the triggering transaction (vii) Class/type of shares Number of shares Number of voting rights % of voting rights if possible using (ix) the ISIN CODE Direct Direct (x) Indirect (xi) Direct Indirect 0444028 2,805,442 2,805,442 2,125,736 5.042% 3.820% GB0004440284 ORD £0.10 B: Financial Instruments Resulting situation after the triggering transaction (xii) Type of Expiration Date Exercise/Conversion Number of voting % of voting financial (xiii) Period/ Date (xiv) rights that may be rights instrument acquired if the instrument is exercised/ converted. Total (A+B)Number of voting rights % of voting rights 4,931,178 8.862% 9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable (xv): BT Pension Scheme Trustees Limited is the parent undertaking of Britel Fund Trustees Limited, which is the parent undertaking of Hermes Pensions Management Limited. Hermes Pensions Management Limited is the parent undertaking of: 1. Hermes Investment Management Limited (voting rights held in this issuer: 8.862%) Please see Section 13 for further information. Proxy Voting: 10. Name of the proxy holder: See Comment in Section 13. 11. Number of voting rights proxy holder will cease to hold: See Comment in Section 13. 12. Date on which proxy holder will cease to hold voting rights: See Comment in Section 13. 13. Additional information: Hermes Investment Management Limited hold the voting rights under a standingproxy contained in investment management agreements with various underlyingclients, which includes all the shares owned directly by BT Pension Scheme. All voting rights held on behalf of the above entities are aggregated for thepurposes of DTR 5.2.1(a) and disclosed pursuant to DTR 5.1.5. This disclosure is made by BT Pension Scheme Trustees Limited, which is theultimate parent undertaking for the purposes of DTR 5.2.1(e). 14. Contact name: Valerie Davidson/Margaret Moss 15. Contact telephone number: 020 7680 2177 / 020 7680 2125 This information is provided by RNS The company news service from the London Stock Exchange