Dairy Crest Regulatory News (DCG)

1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii

Dairy Crest Group 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 qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

X

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

An event changing the breakdown of voting rights

Other (please specify):

3. Full name of person(s) subject to thenotification obligation: iii

Mawer Investment Management Ltd. as Portfolio Manager for shareholders listed below.

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

Mississaugas of the New Credit First Nation Trust

Counsel International Growth Fund

Manulife Diversified Investment Fund

Manulife Global Small Cap Fund

Manulife World Investment Fund

Christian & Missionary Alliance Foreign Equity Fund

I-XL Investments Ltd.

Tim Forwell Family Trust

Foxhill Incorporated

Coldpoint Holdings Ltd.

Estate of Robert Ohlson

Mawer Canadian Diversified Investment Fund

Mawer Global Small Cap Fund

Mawer World Investment Fund

Manulife World Investment Class

5. Date of the transaction and date onwhich the threshold is crossed orreached: v

January 28, 2011

6. Date on which issuer notified:

February 1, 2011

7. Threshold(s) that is/are crossed orreached: vi, vii

3% ownership

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type ofshares

if possible usingthe ISIN CODE

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

Numberof shares

Number of votingrights

% of voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

GB0002502812

4,034,050

3.03%

3,982,922

2.99%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate xiii

Exercise/Conversion Period xiv

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

n/a

n/a

n/a

n/a

n/a

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financialinstrument

Exercise price

Expiration date xvii

Exercise/Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

3,982,922

2.99%

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

Mississaugas of the New Credit First Nation Trust - 15,525 shares of Dairy Credit Group PLC (DCG) or 0.01%

Counsel International Growth Fund - 219,900 shares of Dairy Crest Group PLC (DCG) or 0.16%

Manulife Diversified Investment Fund - 133,000 shares of Dairy Crest Group PLC (DCG) or 0.10%

Manulife Global Small Cap Fund- 12,367 shares of Dairy Crest Group PLC (DCG) or 0.01%

Manulife World Investment Fund- 778,240 shares of Dairy Crest Group PLC (DCG) or 0.58%

Christian & Missionary Alliance Foreign Equity Fund- 15,500 shares of Dairy Crest Group PLC (DCG) or 0.01%

I-XL Investments Ltd. - 16,670 shares of Dairy Crest Group PLC (DCG) or 0.01%

Tim Forwell Family Trust- 1,490 shares of Dairy Crest Group PLC (DCG) or 0.0005%

Foxhill Incorporated- 3,120 shares of Dairy Crest Group PLC (DCG) or 0.0023%

Coldpoint Holdings Ltd. - 7,260 shares of Dairy Crest Group PLC (DCG) or 0.0054%

Estate of Robert Ohlson - 26,385 shares of Dairy Crest Group PLC (DCG) or 0.02%

Mawer Canadian Diversified Investment Fund- 58,000 shares of Dairy Crest Group PLC (DCG) or 0.04%

Mawer Global Small Cap Fund- 72,757 shares of Dairy Crest Group PLC (DCG) or 0.05%

Mawer World Investment Fund - 2,000,000 shares of Dairy Crest Group PLC (DCG) or 1.50%

Manulife World Investment Class- 622,708 shares of Dairy Crest Group PLC (DCG) or 0.47%

Proxy Voting:

10. Name of the proxy holder:

Mawer Investment Management Ltd.

11. Number of voting rights proxy holder will ceaseto hold:

51,125

12. Date on which proxy holder will cease to holdvoting rights:

Jan 28,2011

13. Additional information:

Mawer Investment Management Ltd.

14. Contact name:

Andrea Bowling

15. Contact telephone number:

 (403) 770-1270