Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES                                                
                                                                                              
                                                                                              
                                                                                              
1. Identity of the issuer or the underlying issuer                                            
of existing shares to which voting rights are        CHEMRING GROUP PLC                       
attached:                                                                                     
                                                                                              
2 Reason for the notification (please tick the appropriate box or boxes):                     
                                                                                              
An acquisition or disposal of voting rights                                            YES    
                                                                                              
An acquisition or disposal of qualifying financial instruments which may result         NO    
in the acquisition of shares already issued to which voting rights are attached               
                                                                                              
An acquisition or disposal of instruments with similar economic effect to               NO    
qualifying financial instruments                                                              
                                                                                              
An event changing the breakdown of voting rights                                        NO    
                                                                                              
Other (please                                                                           NO    
specify):                                                                                     
                                                                                              
3. Full name of person(s) subject to the           STANDARD LIFE INVESTMENTS LTD              
notification obligation:                                                                      
                                                                                              
4. Full name of shareholder(s)  (if different from VIDACOS NOMINEES                           
3.):                                                                                          
                                                                                              
5. Date of the transaction and date on which the   23 JULY 2010                               
threshold is crossed or reached:                                                              
                                                                                              
6. Date on which issuer notified:                  26 JULY 2010                               
                                                                                              
7. Threshold(s) that is/are crossed or reached:    7%                                         
                                                                                              
8. Notified details:                                                                          
                                                                                              
A: Voting rights attached to shares                                                           
                                                                                              
Class/type   Situation previous to the    Resulting situation after the triggering            
of shares    triggering transaction       transaction                                         
                                                                                              
                                                                                              
             Number of    Number of       Number of  Number of voting     % of  voting        
if possible  Shares       Voting Rights   shares     rights               rights              
using the                                                                                     
ISIN CODE                                                                                     
                                          Direct     Direct     Indirect  Direct   Indirect   
                                                                                              
                                                                                              
GB0001904621 2,518,798    2,518,798       2,448,338  1,283,409  1,164,929 3.637%   3.301%     
                                                                                              
                                                                                              
                                                                                              
B: Qualifying Financial Instruments                                                           
                                                                                              
Resulting situation after the triggering transaction                                          
                                                                                              
Type of financial      Expiration Exercise/ Conversion   Number of voting      % of voting      
instrument             date     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         Exercise  Expiration Exercise/       Number of voting      % of voting        
financial       price     date       Conversion      rights instrument     rights             
instrument                           period          refers to                                
                                                                                              
                                                                                              
                                                                                              
                                                                           Nominal      Delta 
                                                                                              
                                                                                              
                                                                                              
                                                                                              
                                                                                              
Total (A+B+C)                                                                                 
                                                                                              
Number of voting rights                             Percentage of voting rights               
                                                                                              
2,448,338                                           6.939%                                    
                                                                                              

 

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