Holding(s) in Company

RNS Number:7880B
Creston PLC
08 August 2007


TR-1(i): NOTIFICATION OF MAJOR INTERESTS IN SHARES

(1). Identity of the issuer or the underlying issuer of existing shares to which
voting rights are attached (ii):

Creston Plc

2. Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights:                               (   )

An acquisition or disposal of financial instruments which may result 
in the acquisition of shares already issued to which voting rights are 
attached:                                                                  (   )

An event changing the breakdown of voting rights:                          (   )
                                                                           
Other (please specify) : Transfer to external manager                      ( x )


3. Full name of person(s) subject to the notification obligation (iii):

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 from 3.) (iv):

N/A

5. Date of the transaction and date on which the threshold is crossed or reached
if different) (v):

7 August 2007

6. Date on which issuer notified:

8 August 2007


7. Threshold(s) that is/are crossed or reached:

8%

 

8. Notified details:


.................

 


A: Voting rights attached to shares

 
Class/type of shares            Situation previous to  
if possible using the           the Triggering         
ISIN CODE                       transaction (vi)       
                       Number of shares       Number of voting Rights 
                                              (viii)                  
                                                                      
0444028                       5,044,807          5,044,807
                            
GB0004440284
                                                                      
ORD #0.10
 

                     Resulting situation after the triggering transaction (vii)

 
Class/type of shares Number of shares  Number of voting rights    % of voting rights  
if possible using                      (ix)                                           
the ISIN CODE                                                                         
                     Direct            Direct (x) Indirect (xi)   Direct    Indirect  
                                                                                      
0444028              2,805,442         2,805,442  2,125,736       5.042%     3.820%
                                                                                      
GB0004440284

ORD #0.10
 

B: Financial Instruments

Resulting situation after the triggering transaction (xii)

 
Type of     Expiration Date  Exercise/Conversion Number of voting     % of voting     
financial   (xiii)           Period/ Date (xiv)  rights that may be   rights          
instrument                                       acquired if the                      
                                                 instrument is                        
                                                 exercised/                           
                                                 converted.                           
                                                                                      
                                                                                      

 

 

Total (A+B)
Number of voting rights       % of voting rights 

4,931,178                     8.862%                   


 

9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable (xv):

BT Pension Scheme Trustees Limited is the parent undertaking of Britel Fund 
Trustees Limited, which is the parent undertaking of Hermes Pensions Management 
Limited.  Hermes Pensions Management Limited is the parent undertaking of:

1. Hermes Investment Management Limited 
   (voting rights held in this issuer: 8.862%)

Please see Section 13 for further information.


Proxy Voting:

 
10. Name of the proxy holder:             See Comment in Section 13.

11. Number of voting rights proxy 
holder will cease to hold:                See Comment in Section 13.

12. Date on which proxy holder will 
cease to hold voting rights:              See Comment in Section 13.

 

13. Additional information:

Hermes Investment Management Limited hold the voting rights under a standing
proxy contained in investment management agreements with various underlying
clients, which includes 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) and disclosed pursuant to 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

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