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: ST IVES PLC
2. Reason for the notification (please tick the appropriate box or boxes)
An acquisition or disposal of voting rights N/A
An acquisition or disposal of qualifying financial instruments which N/A
may result in the acquisition of shares already issued to which
voting rights are attached
An acquisition or disposal of instruments with similar economic N/A
effect to qualifying financial instruments
An event changing the breakdown of voting rights N/A
Other (please specify): PLEASE REFER TO QUESTION 13 X
3. Full name of person(s)
subject to SILCHESTER INTERNATIONAL INVESTORS LLP
the notification obligation:
4. Full name of shareholder
(s) SILCHESTER INTERNATIONAL INVESTORS
(if different from 3.): INTERNATIONAL VALUE EQUITY TAXABLE TRUST
SILCHESTER INTERNATIONAL INVESTORS
INTERNATIONAL VALUE EQUITY TRUST
SILCHESTER INTERNATIONAL INVESTORS
INTERNATIONAL VALUE EQUITY GROUP TRUST
SILCHESTER INTERNATIONAL INVESTORS TOBACCO FREE
INTERNATIONAL VALUE EQUITY TRUST
THE CALLEVA TRUST
5. Date of the transaction (and date on which 01-11-10
the threshold is crossed or reached if
different):
6. Date on which issuer notified: 03-11-10
7. Threshold(s) that is/are crossed or 19%
reached:
8. Notified details:
A: Voting rights attached to shares
Class/type Situation previous Resulting situation after the triggering
of shares to the triggering transaction
transaction
(if possible
using the Number Number of Number of Number of voting % of voting
ISIN CODE) of Voting shares rights rights
shares Rights
Direct Indirect Direct Indirect
GB0007689002 0 0 20,605,534 20,605,534 N/A 19.89% N/A
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial Expiration Exercise / Number of voting rights % of voting
instrument date Conversion that may be acquired if rights
Period / the instrument is
Date exercised/converted
N/A N/A N/A N/A N/A
C: Financial Instruments with similar economic effect to Qualifying Financial
Instruments
Resulting situation after the triggering transaction
Type of Exercise Expiration Exercise / Number of % of voting
financial price date Conversion voting rights rights
instrument period instrument
refers to
Nominal Delta
N/A N/A N/A N/A N/A N/A N/A
Total (A + B + C)
Number of voting rights % of voting rights
20,605,534 19.89%
9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:
N/A
Proxy Voting:
10. Name of the proxy holder: SILCHESTER INTERNA
TIONAL INVESTORS LLP
11. Number of voting rights proxy holder will cease to N/A
hold:
12. Date on which proxy holder will cease to hold N/A
voting rights:
13. Additional information: ON 1ST NOVEMBER 2010, SILCHESTER
INTERNATIONAL INVESTORS LIMITED
("SILCHESTER LIMITED") TRANSFERRED ITS
REGULATED BUSINESS TO SILCHESTER
INTERNATIONAL INVESTORS LLP ("SILCHESTER
LLP"). ON THE SAME DAY, SILCHESTER LIMITED
CHANGED ITS NAME TO SILCHESTER PARTNERS
LIMITED. ALL EMPLOYEES OF SILCHESTER
LIMITED, INCLUDING ALL PORTFOLIO MANAGERS,
INVESTMENT ANALYSTS AND MEMBERS OF ITS
ADMINISTRATION AND OPERATIONS TEAMS, BECAME
PARTNERS OR EMPLOYEES OF SILCHESTER LLP.
SILCHESTER LLP ACTS AS INVESTMENT MANAGER
FOR THE CLIENTS DETAILED IN QUESTION 4
ABOVE (THE "CLIENTS"). IN ACTING FOR THE
CLIENTS, SILCHESTER LLP IS GIVEN FULL
DISCRETION OVER THEIR INVESTMENTS AND IS
EMPOWERED TO VOTE ON THEIR BEHALF. HOWEVER
SILCHESTER LLP DOES NOT ACT AS THE CLIENTS'
CUSTODIAN AND THEREFORE SHARES ARE NOT HELD
IN SILCHESTER LLP'S NAME BUT IN THE NAME OF
EACH CLIENT'S CUSTODIAN BANK. THIS
NOTIFICATION WAS THEREFORE TRIGGERED BY THE
CHANGE IN THE LEGAL STRUCTURE OF THE
INVESTMENT MANAGEMENT FIRM ON 1ST NOVEMBER
2010 RATHER THAN TRADING ACTIVITY IN THE
UNDERLYING SHARES.
14. Contact name: TIMOTHY J. LINEHAN
HEAD OF OPERATIONS
SILCHESTER PARTNERS LIMITED
TIME & LIFE BUILDING
1 BRUTON STREET, 5THFLOOR,
LONDON W1J 6TL
15. Contact telephone number: 020 7518 7125
****************************************
Enquiries:
Philip Harris
Company Secretary, St Ives plc
(T) 020 7928 8844 x337
3 November 2010
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