UAI.L Regulatory News (UAI)

4 Sep 2007 18:00

Development Securities PLC04 September 2007 TR-1: Notifications of Major Interests in Shares 1. Identity of the issuer or the underlying issuer ofexisting shares to which voting rights are attached: Development Securities 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 acquisitionof 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 notificationobligation: BT Pension Scheme Trustees Limited as trustee of the BT Pension Scheme. See Section 9 for further information. 4. Full name of shareholder(s) (if different from3): N/A 5. Date of transaction (and date on which the 3 September 2007threshold is crossed or reached if different): 6. Date on which issuer notified: 4 September 2007 7. Threshold(s) that is/are crossed or reached: 5% 8: Notified DetailsA: Voting rights attached to shares Class/type of Situation previous to the Resulting situation after the triggering transactionshares triggering transaction Number of Number of Number of Number of voting rights Percentage of votingIf possible use shares voting shares rightsISIN code rights 0266846 Direct Indirect Direct IndirectOrd 50p 2,033,746 2,033,746 1,077,900 1,077,900 991,784 2.631% 2.422% GB0002668464 B: Financial Instruments Resulting situation after the triggering transaction Type of financial Expiration date Exercise/ conversion No. of voting rights Percentage of votinginstrument period/date that may be acquired rights (if the instrument exercised/converted) Total (A+B) Number of voting rights Percentage of voting rights2,069,684 5.053% 9. Chain of controlled undertakings through which the voting rights and /or the financial instruments are effectivelyheld, if applicable: BT Pension Scheme Trustees Limited is the parent undertaking of Britel Fund Trustees Limited, which is the parentundertaking of Hermes Pensions Management Limited. Hermes Pensions Management Limited is the parent undertaking of: 1. Hermes Equity Ownership Services Limited (voting rights held in this issuer: 0.088%)2. Hermes Investment Management Limited (voting rights held in this issuer: 4.965%)3. Hermes Assured Limited (included with number 2) Please see Section 13 for further information. Proxy Voting: 10. Name of proxy holder: See Comment in Section 13. 11. Number of voting rights proxy holder will ceaseto hold: See Comment in Section 13. 12. Date on which proxy holder will cease to holdvoting rights: See Comment in Section 13. 13. Additional information: Hermes Equity Ownership Services Limited hold the voting rights under a standing proxy contained in services agreements for the provision of corporate governance services to various underlying clients. Hermes Investment Management Limited hold the voting rights under a standing proxy contained in investment management agreements with various underlying clients, which include all the shares owned directly by BT Pension Scheme. All voting rights held on behalf of the above entities are aggregated for the purposes of DTR 5.2.1(a). The aggregation is made at the lower threshold of 3% and above because Hermes Equity Ownership Services Limited does not manage investments for the purposes of the investment manager exemption contained in DTR 5.1.5. This disclosure is made by BT Pension Scheme Trustees Limited, which is the ultimate parent undertaking for the purposes of DTR 5.2.1(e). 14 Contact name: Valerie Davidson / Margaret Moss 15. Contact telephone number : 020 7680 2177 / 020 7680 2125 This information is provided by RNS The company news service from the London Stock Exchange