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 : 4806Q

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	FMR LLC
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	15 June 2015
6. Date on which issuer notified:	16 June 2015
7. Threshold(s) that is/are crossed or reached: ^{vi, vii}	6%

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
			29,510,400		29,510,400		6.86%

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	FMR H.K.-FIDELITY MANAGEMENT & RESEARCH (HONG KONG) LIMITED	6,100
BROWN BROTHERS HARRIMAN AND CO	FMRC-FMR CO., INC	27,306,700
STATE STREET BANK AND TR CO	FMRC-FMR CO., INC	2,197,600
Grand Total		29,510,400

Proxy Voting:
10. Name of the proxy holder:
11. Number of voting rights proxy holder will cease to hold:	29,510,400
12. Date on which proxy holder will cease to hold voting rights:	15 June 2015