11 Mar 2011 10:02

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES i | |||||
1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii | Â ELECTROCOMPONENTS PLC | ||||
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 result in the acquisition of shares already issued to which voting rights are attached | |||||
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 | OppenheimerFunds, Inc. ("OFI") Baring Asset Management Limited ("BAM") Â | ||||
4. Full name of shareholder(s) Â (if different from 3.):iv | |||||
5. Date of the transaction and date onwhich the threshold is crossed orreached: v | March 8, 2011 | ||||
6. Date on which issuer notified: | Â March 10, 2011 Â | ||||
7. Threshold(s) that is/are crossed orreached: vi, vii | Â 4% (OFI independently increased above the 4% threshold to 4.0046%; aggregate position remains above 4% at 4.0511% [OFI: 4.0046% and BAM: 0.0465%) Â | ||||
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8. Notified details: Ms. Liz Batman, Liz.Batman@electrocomponents.com Company Secretary: Ian Haslegrave Electrocomponents plcInternational Management Centre8050 Oxford Business Park NorthOxford OX4 2HWTel: +44 1865 204000Fax: +44 1865 207400 Â | |||||||||||||||||
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 | |||||||||||||
GB0003096442 Â Â | Â 17,270,133 (OFI) Â 202,606 (BAM) Â 17,472,739 (Total) | 17,270,133 (OFI) Â 202,606 (BAM) Â 17,472,739 (Total) | 17,447,020 (OFI) Â 202,606 (BAM) Â 17,649,626 (Total) | 17,447,020 (OFI) Â 202,606 (BAM) Â 17,649,626 (Total) | Â 4.0046% (OFI) Â 0.0465% (BAM) Â 4.0511% (Total) | ||||||||||||
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 | |||||||||||||
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 | ||||||||||||||||
17,447,020 (OFI) Â 202,606 (BAM) Â 17,649,626 (Total) | 4.0046% (OFI) Â 0.0465% (BAM) Â 4.0511% (Total) | ||||||||||||||||
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9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi | |
 Massachusetts Mutual Life Insurance Company is the ultimate parent company of OppenheimerFunds, Inc. ("OFI") and Baring Asset Management Limited ("BAM"). Baring Fund Managers Limited is a wholly owned subsidiary of BAM.  With respect to the 202,600 shares of Electrocomponents PLC referenced in item 8.A, BAM controls the voting rights for 161,730 shares or 0.0371% and its subsidiary Baring Fund Managers Limited controls the voting rights for 40,876 shares or 0.009%.  OppenheimerFunds, Inc. controls the voting rights for 17,447,020 shares or 4.0046%.  The percentage of holdings noted above is based on total outstanding shares of 435,671,126.  | |
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: | |
13. Additional information: | |
14. Contact name: | Ian Haslegrave |
15. Contact telephone number: | 01865 207491 |
16. Date: | 11 March 2011 |
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