Holding(s) in Company

Hill & Smith Hldgs PLC
08 February 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: No

   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): Notification of holding at 20 January 2007.


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

   J P Morgan Chase & Co.


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

   J P Morgan Asset Management (UK) Limited


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

   20 January 2007


6. Date on which issuer notified:

   7 February 2007


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

   5%


8. Notified details:

   n/a



A: Voting rights attached to shares

Class/type of shares if possible using    Situation previous to the Triggering
the ISIN CODE                                         transaction
Ordinary Shares                           Number of       Number of voting
                                          shares          Rights

GB0004270301                              n/a             n/a



Resulting situation after the triggering transaction

Class/type of shares if possible  Number of  Number of voting    % of voting
using the ISIN CODE               shares     rights              rights

                                  Direct     Direct Indirect     Direct Indirect
Ordinary Shares

GB0004270301                      Nil        Nil     6,761,196   Nil      8.95%


B: Financial Instruments

Resulting situation after the triggering transaction

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

n/a         n/a        n/a           n/a                                n/a


Total (A+B)
Number of voting rights              % of voting rights

6,761,196                            8.95%


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

    Total disclosable holding for J P Morgan Chase & Co: 6,761,196 voting rights
    (8.95%).

    Holdings by controlled undertakings of J P Morgan Chase & Co are as follows:

    J P Morgan Asset Management (UK) Limited: 6,761,196 voting rights (8.95%).


    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:

    Notification of disclosable holding at 20 January 2007.


14. Contact name:

    Chris Burr, Company Secretary, Hill & Smith Holdings PLC


15. Contact telephone number:

    0121 704 7430



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