Holding(s) in Company

Hill & Smith Hldgs PLC
29 October 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:

    Hill & Smith Holdings PLC


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

    An acquisition or disposal of voting rights: Yes

    An acquisition or disposal of financial instruments which may result in the
    acquisition of shares already issued to which voting rights are attached: No

    An event changing the breakdown of voting rights: No

    Other (please specify): No


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

    Standard Life Investments Ltd


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

    Vidacos Nominees


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

    17 October 2007


6.  Date on which issuer notified:

    26 October 2007


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

    5%


8.  Notified details:

A:  Voting rights attached to shares

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

                                     Number of     Number of Voting
                                     Shares        Rights

Ordinary Shares                      3,413,077     3,413,077

GB0004270301

Resulting situation after the triggering transaction

Class/type of shares  Number of       Number of Voting      % of Voting Rights
if possible using     Shares          Rights
the ISIN CODE
                                      Direct     Indirect   Direct    Indirect


Ordinary Shares       3,846,450       3,475,852  370,598    4.599     0.49

GB0004270301


B:  Financial Instruments

Resulting situation after the triggering transaction

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

N/A         N/A            N/A                 N/A                   N/A


Total (A+B)

Number of Voting           % of Voting
Rights                     Rights

3,846,450                  5.089



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

    Standard Life Investments Ltd


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


13. Additional information:

    None


14. Contact name:

    John Humphreys, Company Secretary, Hill & Smith Holdings PLC


15. Contact telephone number:

    0121 704 7430








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