Holding(s) in Company

Filtrona plc
28 February 2008



TR-1: notification of major interests in shares

1. Identity of the issuer or the underlying                 FILTRONA PLC
issuer of existing shares to which voting rights       ---------------------
are attached:
-------------------------------
2. Reason for notification (yes/no)
--------------------------------------------------
                                                                      
An acquisition or disposal of voting rights                           X
------------------------------------------                             
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):______________
------------------------------------------                                
3. Full name of person(s) subject to the           Pennant Capital Management LLC
notification obligation:                               ---------------------
-------------------------------
4. Full name of shareholder(s) (if different      Pennant Offshore Partners, L.T.D
from 3.):
                                                   Pennant Onshore Partners, L.P.
                                                  Pennant Onshore Qualified, L.P.
                                                    Pennant Spinnaker Fund, L.P.
                                                    Pennant Windward Fund, L.P.
                                                    Pennant Windward Fund, Ltd.
                 -------------------------------       ---------------------
5. Date of the transaction (and date on which             6 December 2007
the threshold is crossed or reached if                 ---------------------
different):
-------------------------------
6. Date on which issuer notified:                         27 February 2008
-------------------------------                        ---------------------
7. Threshold(s) that is/are crossed or
reached:                                                               6%
-------------------------------                        ---------------------





8. Notified details:
A: Voting rights attached to shares
Class/type of  Situation previous to the   Resulting situation after the triggering
shares         Triggering transaction      transaction
if possible
using the ISIN Number of     Number of     Number of     Number of voting     Percentage of
CODE           Shares        Voting Rights shares        rights               voting rights
                                                         Direct Indirect      Direct Indirect
Ordinary 25p
Shares
(GB00B0744359)  12,787,189    12,787,189    12,927,189           12,927,189            6.05%

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


Total (A+B)
Number of voting rights                      % of voting rights
       
12,927,189                                6.05%



9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:
Pennant Offshore Partners, L.T.D 2,393,077 voting rights
Pennant Onshore Partners, L.P. 726,940 voting rights
Pennant Onshore Qualified, L.P. 1,454,580 voting rights
Pennant Spinnaker Fund, L.P. 818,780 voting rights
Pennant Windward Fund, L.P. 3,018,812 voting rights
Pennant Windward Fund, Ltd. 4,515,000 voting rights
Proxy Voting:
10. Name of the proxy holder:

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

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

13. Additional information:

14. Contact name:                                     Jon Green
                                                     Filtrona plc
15. Contact telephone number:                        01908 359100




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