Holding(s) in Company

NOTIFICATION OF MAJOR INTERESTS IN SHARES                   

1) Name of listed company

 

CHEMRING GROUP PLC

 

2) Name of shareholder with a major interest

 

UBS AG

 

3)   Please state whether notification indicates that it is regarding the
holding of the shareholder named in 2 above; in respect of a non-beneficial
interest; or in the case of an individual holder if it is a holding of that
person's spouse or children under the age of 18

 

NOTIFICATION IS IN RESPECT OF THE SHAREHOLDER NAMED IN 2 ABOVE

 

4) Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them

 

UBS GLOBAL ASSET MANAGEMENT (LIFE) LTD             778,804

UBS AG LONDON BRANCH                                                 277,784

UBS AG (SWITZERLAND)                                                    
235,496

 

5) Number of shares/amount of stock acquired

 

 

6) Percentage of issued class (any treasury shares held by the listed company
should not be taken into account when calculating percentage)

 

 

7) Number of shares/amount of stock disposed

 

 

8) Percentage of issued class (any treasury shares held by the listed company
should not be taken into account when calculating percentage)

 

 

9) Class of security

 

5P ORDINARY SHARES

 

 

10) Date of transaction

 

 

11) Date listed company informed

 

20 SEPTEMBER 2006

 

12) Total holding following this notification

 

1,292,084 5P ORDINARY SHARES

 

13) Total percentage holding of issued class following this notification (any
treasury shares held by the listed company should not be taken into account
when calculating percentage)

 

4.01%

 

14) Any additional information

 

 

15)  Name of contact and telephone number for queries

 

SARAH ELLARD 01489 881880

16)  Name and signature of duly authorised officer of the listed company
responsible for making this notification

 

SARAH ELLARD

 

Date of notification: 21 SEPTEMBER 2006