Holding(s) in Company

TR-1:  Notification of Major Interests in Shares
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:	ASHTEAD GROUP PLC
2. Reason for the notification  (yes/no)
An acquisition or disposal of voting rights		Yes
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached		No
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments		No
An event changing the breakdown of voting rights		No
Other (please specify): ______________		No
3. Full name of person(s) subject to notification obligation:	Harris Associates L.P.
4. Full name of shareholder(s)  (if different from 3):	BNY Mellon Brown Brothers Harriman Northern Trust Company State Street Bank
5. Date of transaction  (and date on which the threshold is crossed or reached if different):	31 March 2017
6. Date on which issuer notified:	03 April 2017
7. Threshold(s) that is/are crossed or reached:	5%

8. Notified Details

A: Voting rights attached to shares

Class/type of shares If possible use ISIN CODE

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of Shares

Number of voting rights

Number of shares

Number of voting rights

Percentage of voting rights

Direct

Indirect

Direct

Indirect

GB0000536739 Common Stock

25,561,403

25,561,403

24,858,254

24,858,254

4.98%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date

Exercise/ conversion period

No. of voting rights that may be acquired (if the instrument is exercised/converted)

Percentage of voting rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Exercise Price

Expiration date

Exercise/ conversion period

No. of voting rights instrument refers to

Percentage of voting rights

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

24,858,254

4.98%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:
BNY Mellon - 163,500 Common Stock shares Brown Brothers Harriman - 390,900 Common Stock shares Northern Trust Company - 387,000 Common Stock shares State Street Bank - 23,916,854 Common Stock shares
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:	Kim Colwell
15. Contact telephone number:	312-646-3489

Annex: Notification of major interests in shares
A: Identity of the person or legal entity subject to the notification obligation
Full name (including legal form for legal entities)	Harris Associates L.P.
Contact address (including legal form for legal entities)	111 S. Wacker Drive, Suite 4600, Chicago, IL 60606 USA
Phone number & email	312-646-3489  [e-mail]
Other useful information (at least legal representative for legal persons)
B: Identity of the notifier, if applicable
Full name	Kim Colwell
Contact address	111 S. Wacker Drive, Suite 4600, Chicago, IL 60606 USA
Phone number & email	312-646-3489  [e-mail]
Other useful information (e.g. functional relationship with the person or legal entity subject to the notification obligation)
C: Additional information