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 Mutual Funds*
- 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):     02/03/2007


6. Date on which issuer notified:    08/03/2007


7. Threshold(s) that is/are crossed or reached:    4%


8. Notified details:
                    

A: Voting rights attached to shares

 

Class/type of shares               Situation previous to the Triggering           
if possible using the ISIN CODE    transaction (vi)                          
                                                                                                                             
                                                                           
GB00B1H0DZ51  Number of Shares    Number of Voting Rights (viii)                                                       
                                                                               
              8,644,586           8,644,586                   
                                                                               

 
Class/type of shares               Resulting situation after the triggering           
if possible using the ISIN CODE    transaction(vii)                                   

                         
             Number of      Number of voting rights (ix)    % of voting rights
             Shares                                                            
                                                                                
                                                                               
GB00B1H0DZ51 Direct         Direct (x)   Indirect (xi)      Direct   Indirect   
                                                                               
             8,269,367      8,269,367                        3.89%             
                                                                               

B: Financial Instruments                                                   
                                                                           
Resulting situation after the triggering transaction (xii)                 
                                                                           
Type of    Expiration Exercise/      Number of voting rights that    % of  
financial  date       Conversion     may be acquired if the          voting
instrument (xiii)     Period/ Date   instrument is exercised/        rights
                      (xiv)          converted.                            
                                                                           
                                                                           
                                                                           
Total (A+B)                                                              
                                                                         
Number of voting rights                  % of voting rights              
                                                                         
8,269,367                                3.89%                           
                                                                         

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 March
2, 2007, CREF sold 287,219 shares of Tullett Prebon plc, bringing its total
holdings in your company to 6,208,196 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 212,338,000 bringing CREF's ownership in your company to a 2.92%
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 88,000 shares, bringing its total
holdings in your company to 2,061,171.  These shares are owned by the TIAA-CREF
Mutual Funds ("Mutual Funds") , 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 8,269,367, or 3.89% 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:  Paul Szeto

                                                                       
15. Contact telephone number:  212-916-4046