SAR 3 - Formation Group plc

11 May 2006 11:06

W.H. Ireland Limited11 May 2006 FORM SAR 3 DISCLOSURE OF ACQUISITIONS (Rule 3 of The Rules Governing Substantial Acquisitions of Shares) Name of acquirer Fitel Nominees Limited Beneficial owner, if different from above David Anthony Kennedy Names of any other persons acting by agreementor understanding (see SAR 5) Company dealt in Formation Group plc Class of voting shares (eg ordinary shares) ordinary shares of 1p each Date of acquisition 10 May 2006 Number of shares acquired 6,000,000 Number of rights over shares acquired # Nature of rights over shares Total holding of voting shares (and percentage 23,297,381 (18.44%)of total voting shares in issue) Total holding of rights over shares (andpercentage of total voting shares in issue) Combined total holding (and percentage) of 23,297,381 (18.44%)voting shares and rights over shares Date of disclosure 11 May 2006 Contact name David W. Youngman Telephone number 0161 832 2174 # See the definition of "rights over shares" in the Definitions Section of theSARs. For details of the SARs disclosure requirements, see SARs 3 and 5 and theirNotes which can be viewed on the Takeover Panel's website atwww.thetakeoverpanel.org.uk. This information is provided by RNS The company news service from the London Stock Exchange