Last checked at 9 Oct 2012 11:21
| 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: |
TATE & LYLE PLC | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 2. Reason for notification (yes/no) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| An acquisition or disposal of voting rights | X | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| An acquisition or disposal of 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 notification obligation: | TIAA-CREF Investment Management, LLC on behalf of the accounts listed in Exhibit B attached hereto
Teachers Advisors, Inc. on behalf of the funds listed in Exhibit C attached hereto | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 4. Full name of shareholder(s) (if different from 3): | See Number 3 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 5. Date of transaction (and date on which the threshold is crossed or reached if different): | 05 October 2012 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 6. Date on which issuer notified: | 08 October 2012 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 7. Threshold(s) that is/are crossed or reached: | 4% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 8: Notified Details | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| A: Voting rights attached to shares | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Class/type of shares If possible use ISIN code | Situation previous to the triggering transaction | Resulting situation after the triggering transaction | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Number of shares | Number of voting rights | Number of shares
Direct | Number of voting rights | Percentage of voting rights | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Direct | Indirect | Direct | Indirect | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| GB0008754136 | 18,349,408 | 18,349,408 | 18,849,408 | 18,849,408 | 0 | 4.044% | 0% | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| B: Financial Instruments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Resulting situation after the triggering transaction | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Type of financial instrument | Expiration date | Exercise/ conversion period | No. of voting rights that may be acquired (if the instrument exercised/converted) | Percentage of voting rights | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| N/A | N/A | N/A | N/A | N/A | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| C: Financial Instruments with similar economic effect to Qualifying Financial Instruments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Resulting situation after the triggering transaction | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Type of financial instrument | Exercise price | Expiration date | Exercise/ conversion period | No. of voting rights instrument refers to | Percentage of voting rights | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Nominal | Delta | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total (A+B+C) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Number of voting rights | Percentage of voting rights | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 18,849,408 | 4.044% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 9. Chain of controlled undertakings through which the voting rights and /or the financial instruments are effectively held, if applicable:
The College Retirement Equities Fund ("CREF") hereby informs you that on October 5, 2012, CREF bought 119,556 shares of Tate & Lyle PLC, bringing its total holdings in your company to 5,522,175 shares. CREF owns these shares through three of its investment accounts, the Global Equities Account, Stock Account and Social Choice Account. It is our understanding the total voting shares outstanding of Tate & Lyle Plc is 466,130,026 bringing CREF's ownership in your company to a 1.185% level.
For your information, CREF is a U.S. based investment company, which is registered with the Securities and Exchange Commission ("SEC"). CREF has multiple investment accounts, each with separate investment objectives and policies. All assets in the accounts are beneficially owned by CREF, and all the accounts are managed by TIAA-CREF Investment Management, LLC, an SEC registered investment adviser.
Additionally, affiliates of CREF own 13,327,233 shares of Tate & Lyle PLC. These holdings are owned by the TIAA-CREF Funds ("Funds") and TIAA-CREF Life Funds ("Life Funds") each of which are SEC registered investment companies, as well as one of the TIAA-CREF Active Extension Funds ("Active Extension Unregistered Funds"). The Funds, Life Funds and Active Extension Unregistered Funds are managed by Teachers Advisors, Inc., an SEC registered investment adviser that is affiliated with TIAA-CREF Investment Management, LLC. These affiliated funds, aggregated with those of CREF, own a total of 18,849,408 shares or 4.044% of the outstanding voting shares of your company. Because Teachers Advisors, Inc. and TIAA-CREF Investment Management, LLC follow the same policies when voting these funds, we are aggregating the holdings for purposes of this letter.
(See Exhibit A attached hereto) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Proxy Voting: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 10. Name of proxy holder: | TIAA-CREF Investment Management, LLC/ Teachers Advisors, Inc. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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: | None | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 14. Contact name: | Stuart R. Brunet | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 15. Contact telephone number: | +1 415 882 3711 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Listed Company Contact name: | Lucie Gilbert Company Secretary 020 7257 2100 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Exhibit A.
| TIAA-CREF |
| Summary of Holdings of Tate & Lyle PLC |
| Between October 4, 2012 - October 5, 2012 |
| TIAA-CREF Investment Management LLC ("CREF") | |||||||||||
| Global Equities Account | Stock Account | Social Choice Account | Total CREF Holdings | Total CREF % | |||||||
| Holdings as of October 4, 2012 | 22,587 | 5,367,486 | 12,546 | 5,402,619 | 1.159% | ||||||
| Transactions as of October 5, 2012 | - | 119,556 | - | 119,556 | 0.026% | ||||||
| Holdings as of October 5, 2012 | 22,587 | 5,487,042 | 12,546 | 5,522,175 | 1.185% | ||||||
| Teachers Advisors, Inc. | |||||||||||||||
| TIAA-CREF International Equity Fund | TIAA-CREF Life International Equity Fund | TIAA-CREF Intl Equity Index Fund | TIAA-CREF ENH Intl Equity Index Fund | Active Extension Fund I | Total Mutual Funds Holdings | Total Mutual Funds % | |||||||||
| Holdings as of October 4, 2012 | 12,297,341 | 320,333 | 154,553 | 155,926 | 18,636 | 12,946,789 | 2.778% | ||||||||
| Transactions as of October 5, 2012 | 370,628 | 9,816 | - | - | - | 380,444 | 0.082% | ||||||||
| Holdings as of October 5, 2012 | 12,667,969 | 330,149 | 154,553 | 155,926 | 18,636 | 13,327,233 | 2.859% | ||||||||
| Aggregate Holding | |||||
| Total Holdings | Total % | ||||
| Holdings as of October 4, 2012 | 18,349,408 | 3.937% | |||
| Transactions as of October 5, 2012 | 500,000 | 0.107% | |||
| Holdings as of October 5, 2012 | 18,849,408 | 4.044% | |||
Total Voting Shares Outstanding 466,130,026
Exhibit B.
TIAA-CREF Investment Management, LLC
College Retirement Equities Fund ("CREF") *
CREF Stock Account CREF Global Equities Account CREF Social Choice Account* Registered Investment Company
Exhibit C.
Teachers Advisors, Inc.
TIAA-CREF Funds *
International Equity Fund International Equity Index Fund Enhanced International Equity Index FundTIAA-CREF Life Funds *
Life International Equity FundTIAA-CREF Active Extension Funds
Active Extension Portfolio I* Registered Investment Company
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