Holding(s) in Company
TR-1(i): notification of major interests in shares
1. Identity of the issuer or the underlying issuer of existing shares to which
voting rights are attached (ii):
Tullett Prebon plc
2. Reason for the notification (please state Yes/No): ( )
An acquisition or disposal of voting rights (Yes)
An acquisition or disposal of financial instruments which may result in the
acquisition of shares already issued to which voting rights are attached ( )
An event changing the breakdown of voting rights ( )
3. Full name of person(s) subject to the notification obligation (iii):
1) TIAA-CREF Investment Management, LLC on behalf of the accounts listed at 4
below
2) Teachers Advisors, Inc. on behalf of the accounts listed at 4 below
4. Full name of shareholder(s) (if different from 3.) (iv):
1) TIAA-CREF Investment Management, LLC
College Retirement Equities Fund ("CREF")*
- CREF Stock Account
- CREF Global Equities Account
2) Teachers Advisors, Inc.
TIAA-CREF Institutional Mutual Funds*
- Institutional International Equity Fund
- Institutional International Equity Index Fund
TIAA-CREF Life Funds*
- Life International Equity Fund
TIAA-CREF Asset Management Commingled Funds Trust I
- TCAM-International Core Equity Fund**
*Registered Investment Companies
** Unregistered Commingled Fund
5. Date of the transaction and date on which the threshold is crossed
or reached (v): 13/11/2007
6. Date on which issuer notified: 27/11/2007
7. Threshold(s) that is/are crossed or reached: 3%
8. Notified details:
A: Voting rights attached to shares
Class/type of shares Situation previous to the Triggering transaction (vi)
if possible using the
ISIN CODE
GB00B1H0DZ51 Number of Number of Voting Rights
Shares (viii)
6,736,939 6,736,939
Class/type of shares Resulting situation after the triggering transaction
if possible using the (vii)
ISIN CODE
Number of Number of voting rights % of voting
Shares (ix) rights
GB00B1H0DZ51 Direct Direct (x) Indirect (xi) Direct Indirect
6,112,003 6,112,003 2.87%
B: Financial Instruments
Resulting situation after the triggering transaction (xii)
Type of Expiration Exercise/ Number of voting % of voting
financial date Conversion Period/ rights that may be rights
instrument (xiii) Date (xiv) acquired if the
instrument is
exercised/
converted.
Total (A+B)
Number of voting rights % of voting rights
6,112,003 2.87%
9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable (xv):
The College Retirement Equities Fund ("CREF") hereby informs you that on
November 13, 2007, CREF sold 328,771 shares of Tullett Prebon plc, bringing its
total holdings in your company to 4,709,990 shares. CREF owns these shares
through two of its investment accounts, the Global Equities Account and the
Stock Account. It is our understanding the total shares outstanding of Tullett
Prebon plc are 212,338,139 bringing CREF's ownership in your company to a 2.22%
level.
For your information, CREF is a U.S. based investment company, which is
registered with the Securities and Exchange Commission ("SEC"). CREF has
multiple investment accounts, each with separate investment objectives and
policies. All assets in the accounts are beneficially owned by CREF, and all
the accounts are managed by TIAA-CREF Investment Management, LLC, a SEC
investment adviser.
Additionally, affiliates of CREF sold 296,165 shares, bringing its total
holdings in your company to 1,402,013. These shares are owned by the TIAA-CREF
Institutional Mutual Funds ("Institutional Funds"), and the TIAA-CREF Life
Funds ("Life Funds"), each of which are SEC registered mutual funds, as well as
the TIAA-CREF Asset Management Commingled Funds Trust I ("TCAM Funds"). The
Mutual Funds, Institutional Funds, Life Funds and TCAM Funds are managed by
Teachers Advisors, Inc., a SEC registered investment adviser, which is
affiliated with TIAA-CREF Investment Management, LLC. These affiliated funds,
aggregated with those of CREF, own a total of 6,112,003, or 2.88% of the
outstanding shares of your company. Because Teachers Advisors, Inc. and
TIAA-CREF Investment Management, LLC follow the same policies when voting these
funds, we are aggregating the holdings for this letter.
Proxy Voting:
10. Name of the proxy holder: Equitable Nominees Limited
11. Number of voting rights proxy holder will cease to hold: N/A
12. Date on which proxy holder will cease to hold voting rights: N/A
13. Additional information: None
14. Contact name: Jeffrey Shore
15. Contact telephone number: 704-988-3726