Rule 8.3 - Shanks group Plc

Rule 8.3 - Shanks group Plc

Arc Asset Management

FORM 8.3

DEALINGS BY PERSONS WITH INTERESTS IN SECURITIES REPRESENTING 1% OR MORE

(Rule 8.3 of the Takeover Code)

1. KEY INFORMATION

Name of person dealing (Note 1)	Â	Arc Opportunity Fund Inc (Managed by Arc Asset Management Ltd)
Company dealt in		Shanks Group Plc
Class of relevant security to which the dealings being disclosed relate (Note 2)		Derivatives
Date of dealing		9th March 2010

2. INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE

(a) Interests and short positions (following dealing) in the class of relevant security dealt in (Note 3)

Â	Long	Short
Â	Number (%)	Number (%)
(1) Relevant securities	Â	Â
(2) Derivatives (other than options)	2,829,650 0.72	Â
(3) Options and agreements to purchase/sell	Â	Â
Total	2,829,650 0.72	Â

(b) Interests and short positions in relevant securities of the company, other than the class dealt in (Note 3)

Class of relevant security:	Â	Long	Â	Short
Â		Number (%)		Number (%)
(1) Relevant securities		Â		Â
(2) Derivatives (other than options)		Â		Â
(3) Options and agreements to purchase/sell		Â		Â
Total		Â		Â

(c) Rights to subscribe (Note 3)

Class of relevant security:

Â

Details

3. DEALINGS (Note 4)

(a) Purchases and sales

Purchase/sale

Â

Number of securities

Â

Price per unit (Note 5)

(b) Derivatives transactions (other than options)

Product name, e.g. CFD	Â	Long/short (Note 6)	Â	Number of securities (Note 7)	Â	Price per unit (Note 5)
CFD CFD CFD		Sale Sale Purchase		680,992 1,000,000 50,000		GBP 104.4002 GBP 101.2358 GBP 100.8071

(c) Options transactions in respect of existing securities

(i) Writing, selling, purchasing or varying

Product name, e.g. call option

Â

Writing, selling, purchasing, varying etc.

Â

Number of securities to which the option relates (Note 7)

Â

Exercise price

Â

Type, e.g. American, European etc.

Â

Expiry date

Â

Option money paid/received per unit (Note 5)

(ii) Exercising

Product name, e.g. call option

Â

Number of securities

Â

Exercise price per unit (Note 5)

(d) Other dealings (including new securities) (Note 4)

Nature of transaction (Note 8)

Â

Details

Â

Price per unit (if applicable) (Note 5)

4. OTHER INFORMATION

Agreements, arrangements or understandings relating to options or derivatives

Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced. If none, this should be stated.

Is a Supplemental Form 8 attached? (Note 9) NO

Date of disclosure	Â	10th March 2010
Contact name		Richard Hayes On behalf of Arc Asset Management Ltd
Telephone number		02079075802
If a connected EFM, name of offeree/offeror with which connected		Â
If a connected EFM, state nature of connection (Note 10)		Â

Notes

The Notes on Form 8.3 can be viewed on the Takeover Panel’s website at www.thetakeoverpanel.org.uk