Holding(s) in Company

RNS Number : 1908A

Barratt Developments PLC

02 October 2009

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:	Barratt Developments PLC
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 in the acquisition of shares already issued to which voting rights are attached		NO
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments		YES
An event changing the breakdown of voting rights		NO
Other (please specify): Please see Box 13 ('Additional Information'), below.		N/A
3. Full name of person(s) subject to the notification obligation:	TREMBLANT CAPITAL LP TREMBLANT ASSET MANAGEMENT LP
4. Full name of shareholder(s) (if different from 3.):	TREMBLANT PARTNERS MASTER FUND LP TREMBLANT PARTNERS LP TREMBLANT CONCENTRATED MASTER FUND LP TREMBLANT CONCENTRATED FUND LP
5. Date of the transaction and date on which the threshold is crossed or reached:	30 SEPTEMBER 2009
6. Date on which issuer notified:	2 OCTOBER 2009
7. Threshold(s) that is/are crossed or reached:	3.00%

8. Notified details:
A: Voting rights attached to shares
Class/type of shares if possible using the ISIN CODE	Situation previous to the Triggering transaction			Resulting situation after the triggering transaction
	Number of Shares	Number of Voting Rights viii		Number of shares	Number of voting rights ix		% of voting rights
					Direct x	Indirect xi	Direct	Indirect
ORDINARY GB0000811801 Tremblant Partners Master Fund LP	Below 3%		Below 3%			439,652		Below 3%
Tremblant Partners	Below 3%		Below 3%			161,904		Below 3%
Tremblant Concentrated Master Fund LP	Below 3%		Below 3%			180,271		Below 3%
Tremblant Concentrated Fund LP	Below 3%		Below 3%			18,173		Below 3%

B: Financial Instruments
Resulting situation after the triggering transaction xii
Type of financial instrument	Expiration date xiii	Exercise/ Conversion Period/ Date xiv	Number of voting rights that may be acquired if the instrument is exercised/ converted.	% of voting rights
N/A

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi
Resulting situation after the triggering transaction xii
Type of financial instrument	Expiration price xiii	Expiration date xvii	Exercise/ Conversion Period xviii	Number of voting rights instrument refers to	% of voting rights xix xx
Contract for Differences (Tremblant Partners Master Fund LP)	N/A	N/A	N/A	5,216,481	Nominal	Delta
					Below 3%	1
Contract for Differences (Tremblant Partners LP)	N/A	N/A	N/A	1,920,925	Nominal	Delta
					Below 3%	1
Contract for Differences (Tremblant Concentrated Master Fund LP)	N/A	N/A	N/A	2,270,919	Nominal	Delta
					Below 3%	1
Contract for Differences (Tremblant Concentrated Fund LP)	N/A	N/A	N/A	229,612	Nominal	Delta
					Below 3%	1

Total (A+B+C)
Number of voting rights	% of voting rights
10,437,937	3.01%

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

The shares of Barratt Developments PLC, and the financial instruments relating to such shares, are held by Tremblant Partners Master Fund LP, Tremblant Partners LP, Tremblant Concentrated Master Fund LP, and Tremblant Concentrated Fund LP.

Tremblant Capital LP is the investment manager of Tremblant Partners Master Fund LP and Tremblant Partners LP, and has been granted full discretion to exercise the voting rights relating to the shares and financial instruments held by these funds under the related investment management agreements.

Tremblant Asset Management LP is the investment manager of Tremblant Concentrated Master Fund LP and Tremblant Concentrated Fund LP, and has been granted full discretion to exercise the voting rights relating to the shares and financial instruments held by these funds under the related investment management agreements.

Mr. Brett Barakett is the managing member of the general partners of each of Tremblant Capital LP and Tremblant Asset Management LP, and therefore has an indirect interest in all of the voting rights which are the subject of this notification.

Proxy Voting:
10. Name of the proxy holder:	N/A
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