Holding(s) in Company

Creston PLC
08 November 2007


                                                                   
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:


CRESTON PLC


2. Reason for the notification (please state Yes/No): (   )

An acquisition or disposal of voting rights:                               (   )

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:                          (   )

Other (please specify) :   TRANSFER TO EXTERNAL FUND MANAGER               (X)


 
3. Full name of person(s) subject to the notification obligation:


BT PENSION SCHEME TRUSTEES LIMITED AS TRUSTEE OF THE BT PENSION SCHEME.  SEE
SECTION 9 FOR FURTHER INFORMATION

 

4. Full name of shareholder(s) (if different from 3.):


N/A

 

5. Date of the transaction and date on which the threshold is crossed or reached
if different):


01 NOVEMBER 2007
 

6. Date on which issuer notified:


07 NOVEMBER 2007
 

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


5%

 

8. Notified details:


 


A: Voting rights attached to shares

 
Class/type of shares            Situation previous to  
if possible using the           the Triggering         
ISIN CODE                       transaction        

                       Number of shares       Number of voting Rights 


0444028
GB0004440284
ORD £0.10              5,296,279              5,296,279

 

                     Resulting situation after the triggering transaction 
 
Class/type of shares Number of shares  Number of voting rights    % of voting rights  
if possible using                                                                 
the ISIN CODE                                                                         

                     Direct            Direct       Indirect        Direct    Indirect  


0444028
GB0004440284
ORD £0.10            2,961,344         2,961,344    214,612         5.322%    0.386%



B: Financial Instruments

Resulting situation after the triggering transaction 

Type of     Expiration Date  Exercise/Conversion Number of voting     % of voting     
financial                    Period/ Date        rights that may be   rights          
instrument                                       acquired if the                      
                                                 instrument is                        
                                                 exercised/                           
                                                 converted.                           

 

Total (A+B)

Number of voting rights       % of voting rights 


3,175,956                       5.708%
 

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


BT PENSION SCHEME TRUSTEES LIMITED IS THE PARENT UNDERTAKING OF BRITEL FUND
TRUSTEES LIMITED, WHICH IS THE PARENT UNDERTAKING OF HERMES PENSIONS MANAGEMENT 
LIMITED.  HERMES PENSIONS MANAGEMENT LIMITED IS THE PARENT UNDERTAKING OF:

1.  HERMES INVESTMENT MANAGEMENT LIMITED (VOTING RIGHTS HELD IN THIS ISSUER:
                                          5.476%)

2.  HERMES EQUITY OWNERSHIP SERVICES LIMITED (VOTING RIGHTS HELD IN THIS ISSUER:
                                              0.232%)                  

PLEASE SEE SECTION 13 FOR FURTHER INFORMATION




Proxy Voting:

 
10. Name of the proxy holder:


SEE COMMENT IN SECTION 13

 

11. Number of voting rights proxy holder will cease to hold:


SEE COMMENT IN SECTION 13
 

12. Date on which proxy holder will cease to hold voting rights:


SEE COMMENT IN SECTION 13

 

13. Additional information:


HERMES EQUITY OWNERSHIP SERVICES LIMTIED HOLD THE VOTING RIGHTS UNDER A STANDING
PROXY CONTAINED IN SERVICES AGREEMENTS FOR THE PROVISION OF CORPORATE
GOVERNANCE SERVICES TO VARIOUS UNDERLYING CLIENTS.

HERMES INVESTMENT MANAGEMENT LIMITED HOLD THE VOTING RIGHTS UNDER A STANDING
PROXY CONTAINED IN INVESTMENT MANAGEMENT AGREEMENTS WITH VARIOUS UNDERLYING
CLIENTS, WHICH INCLUDES ALL THE SHARES OWNED DIRECTLY BY BT PENSION SCHEME.

ALL VOTING RIGHTS HELD ON BEHALF OF THE ABOVE ENTITIES ARE AGGREGATED FOR THE
PURPOSES OF DTR 5.2.1(a) AND DISCLOSED PURSUANT TO DTR 5.1.5.

THIS DISCLOSURE IS MADE BY BT PENSION SCHEME TRUSTEES LIMITED, WHICH IS THE 
ULTIMATE PARENT UNDERTAKING FOR THE PURPOSES OF DTR 5.2.1(e).


14. Contact name:


BIANCA DA SILVA/MARGARET MOSS
 

15. Contact telephone number:

020 7680 2163/020 7680 2125


 
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