Holding(s) in Company

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments ^{xv, xvi}

Resulting situation after the triggering transaction

Type of financial
instrument

Exercise
price

Expiration
date ^xvii

Exercise/
Conversion
period ^xviii

Number of voting
rights instrument
refers to

% of voting rights ^{xix, xx}

RNS Number : 4809Q

Cairn Homes plc

17 June 2015

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES ⁱ

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ⁱⁱ

Cairn Homes plc

2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments
An event changing the breakdown of voting rights
Other (please specify):	IPO	ü

3. Full name of person(s) subject to the notification obligation: ⁱⁱⁱ	FIL Limited
4. Full name of shareholder(s) (if different from 3.): ^iv
5. Date of the transaction and date on which the threshold is crossed or reached: ^v
6. Date on which issuer notified:
7. Threshold(s) that is/are crossed or reached: ^{vi, vii}	9%

8. Notified details:
A: Voting rights attached to shares ^{viii, ix}
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	Number of shares	Number of voting rights		% of voting rights ^x
			Direct	Direct ^xi	Indirect ^xii	Direct	Indirect
			40,688,879		40,688,879		9.46%

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

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

Custodian	Day to Day IM	Total
BANK OF NEW YORK MELLON (C)	FPM-FIL PENSION MANAGEMENT	116,828
BROWN BROS HARRIMN LTD LUX (C)	FII-FIL INVESTMENTS INTERNATIONAL	3,677,434
CACEIS BANK PARIS (C)	FPM-FIL PENSION MANAGEMENT	1,064,187
JP MORGAN, BOURNEMOUTH (C)	FII-FIL INVESTMENTS INTERNATIONAL	7,569,302
	FILUK-FIL INVESTMENT SERVICES (UK) LIMITED	27,440,567
NORTHERN TRUST LONDON (C)	FPM-FIL PENSION MANAGEMENT	820,561
Grand Total		40,688,879

Proxy Voting:
10. Name of the proxy holder:	FIL Limited
11. Number of voting rights proxy holder will cease to hold:	40,688,879
12. Date on which proxy holder will cease to hold voting rights:	15 June 2015