Last checked at 13 May 2013 17:20
| TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi | ||||||||||
| 1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii | TATE & LYLE 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 | 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.):iv | See Number 3 | |||||||||
| 5. Date of the transaction and date onwhich the threshold is crossed orreached: v | 10 May 2013 | |||||||||
| 6. Date on which issuer notified: | 13 May 2013 | |||||||||
| 7. Threshold(s) that is/are crossed orreached: vi, vii | 4% | |||||||||
| 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 | ||||||||||||||||||||||||||||||
| GB0008754136 | 18,509,969 | 18,509,969 | 19,070,922 | 19,070,922 | 0 | 4.089% | 0% | |||||||||||||||||||||||||||
| 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 | |||||||||||||||||||||||||||||
| N/A | N/A | N/A | N/A | N/A | Nominal | Delta | ||||||||||||||||||||||||||||
| N/A | N/A | |||||||||||||||||||||||||||||||||
| Total (A+B+C) | ||||||||||||||||||||||||||||||||||
| Number of voting rights | Percentage of voting rights | |||||||||||||||||||||||||||||||||
| 19,070,922 | 4.089% | |||||||||||||||||||||||||||||||||
| 9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi | |||||
| The College Retirement Equities Fund (“CREF”) bought 140,404 shares on May 10, 2013 bring the holdings to 5,779,093 shares of Tate & Lyle PLC. 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 466,351,887 bringing CREF’s ownership in your company to a 1.239% 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 on May 10, 2013 bought 420,549 shares of Tate & Lyle PLC, bringing the shares owned to 13,291,829 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 19,070,922 shares or 4.089% 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 the proxy holder: | TIAA-CREF Investment Management, LLC/ Teachers Advisors, Inc. | ||||
| 11. Number of voting rights proxy holder will ceaseto hold: | N/A | ||||
| 12. Date on which proxy holder will cease to holdvoting 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 March 27, 2013 – March 28, 2013 |
| TIAA-CREF Investment Management LLC ("CREF") | |||||||||||
| Global Equities Account | Stock Account | Social Choice Account | Total CREF Holdings | Total CREF % | |||||||
| Holdings as of May 9, 2013 | 447,779 | 5,178,364 | 12,546 | 5,638,689 | 1.209% | ||||||
| Transactions as of May 10, 2013 | - | 140,404 | - | 140,404 | 0.030% | ||||||
| Holdings as of May 10, 2013 | 447,779 | 5,318,768 | 12,546 | 5,779,093 | 1.239% | ||||||
| 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 May 9, 2013 | 12,171,616 | 319,346 | 177,907 | 192,388 | 10,023 | 12,871,280 | 2.760% | ||||||||
| Transactions as of May 10, 2013 | 408,763 | 11,786 | - | - | - | 420,549 | 0.090% | ||||||||
| Holdings as of May 10, 2013 | 12,580,379 | 331,132 | 177,907 | 192,388 | 10,023 | 13,291,829 | 2.850% | ||||||||
| Aggregate Holding | |||||
| Total Holdings | Total % | ||||
| Holdings as of May 7, 2013 | 18,509,969 | 3.969% | |||
| Transactions as of May 10, 2013 | 560,953 | 0.120% | |||
| Holdings as of May 10, 2013 | 19,070,922 | 4.089% | |||
Total Voting Shares Outstanding 466,351,887
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 Fund I, LLC* Registered Investment Company
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