Severfield Regulatory News (SFR)

TR-1: Notifications of Major Interests in Shares

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

Severfield-Rowen PLC

2. Reason for notification (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 notification obligation:

Standard Life Investments Ltd

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

Vidacos Nominees

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

14 January 2013

6. Date on which issuer notified:

15 January 2013

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

Direct 3%

8: Notified Details

A: Voting rights attached to shares

Class/type of share

GB00B27YGJ97

Situation previous to the triggering transaction

Number of shares

3,482,217

Number of voting rights

3,482,217

Resulting situation after the triggering transaction

Number of shares

Number of voting rights

Percentage of voting rights

Direct

Indirect

Direct

Indirect

3,907,037

2,871,530

1,035,507

3.217%

1.160%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date

Exercise/ conversion period/date

No. of voting rights that may be acquired (if the instrument exercised/converted)

Percentage of voting rights

Total (A+B)

Number of voting rights

Percentage of voting rights

3,907,037

4.378%

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

Proxy Voting:

10. Name of 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:

Investments_mo@standardlife.com

Standard Life Investments Ltd

15. Contact telephone name:

(0131) 245 6565