TIDMCHG 
 
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES 
 
1. Identity of the issuer or the underlying issuer of   CHEMRING GROUP PLC 
existing shares to which voting rights are attached: 
 
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): Change in Share Capital 
 
3. Full name of person(s) subject to the        CANTILLON CAPITAL MANAGEMENT LLC 
notification obligation: 
 
4. Full name of shareholder(s)  (if different   BANK OF NEW YORK MELLON, STATE STREET 
from 3.):                                       BANK, NORTHERN TRUST BANK, JP MORGAN 
 
5. Date of the transaction and date on which    23 MAY 2011 
the threshold is crossed or reached: 3 
 
6. Date on which issuer notified:               24 MAY 2011 
 
7. Threshold(s) that is/are crossed or          5% 
reached: 
 
8. Notified details: 
 
A: Voting rights attached to shares 
 
Class/type of      Situation previous to the   Resulting situation after the triggering 
shares             triggering transaction      transaction 
 
                   Number of   Number of       Number   Number of voting  % of  voting 
                   Shares      Voting Rights   of       rights            rights 
if possible using                              shares 
the ISIN CODE 
                                               Direct   Direct Indirect   Direct Indirect 
 
GB00B45C9X44       8,454,563   8,454,563                       10,055,606        5.1748% 
 
B: Qualifying Financial Instruments 
 
Resulting situation after the triggering transaction 
 
Type of financial    Expiration date  Exercise/           Number of voting   % of voting 
instrument                            Conversion Period   rights that may be rights 
                                                          acquired if the 
                                                          instrument is 
                                                          exercised/ 
                                                          converted. 
 
 
 
C: Financial Instruments with similar economic effect to Qualifying Financial 
Instruments 
 
Resulting situation after the triggering transaction 
 
Type of financial Exercise Expiration date  Exercise/      Number of voting  % of voting 
instrument        price                   Conversion     rights instrument rights 
                                          period         refers to 
 
 
 
                                                                           Nominal  Delta 
 
 
 
Total (A+B+C) 
 
Number of voting rights                             Percentage of voting rights 
 
10,055,606                                          5.1748% 
 
 
 
 
9. Chain of controlled undertakings through which the voting rights and/or the 
financial instruments are effectively held, if applicable: 
 
WILLIAM VON MUEFFLING IS THE SOLE SHAREHODER OF CANTILLON, INC., THE CORPORATE 
GENERAL PARTNER OF CANTILLON MANAGEMENT LP, WHICH IS THE SOLE MEMBER OF 
CANTILLON CAPITAL MANAGEMENT LLC 
 
Proxy Voting: 
 
10. Name of the 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:                                                    HELEN MARSH 
 
15. Contact telephone number:                                        01489 864482 
 
 
 
 
 
 
END 
 

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