LWB.L Regulatory News (LWB)

TR-1: NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

Low & Bonar PLC

2. Reason for the notification (please place an X inside the appropriate bracket/s):

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 the notification obligation:

RWC Focus Asset Management Limited

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

RWC Specialist UK Focus Fund

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

17 January 2013

6. Date on which issuer notified:

15 February 2013

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

Falling below the 3% threshold following change in number of shares held.

8. Notified details:

A: Voting rights attached to shares

Resulting situation after the triggering transaction

B: Financial Instruments

Resulting situation after the triggering transaction

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction

Total (A+B+C)

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

N/A

Proxy Voting:

10. Name of the proxy holder:

N/A

11. Number of voting rights proxy holder will cease to hold:

N/A

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

N/A

13. Additional information:

N/A

14. Contact name:

Matthew Joy, Company Secretary, Low & Bonar PLC

15. Contact telephone number:

0207 535 3180