Holding(s) in Company

Marshalls PLC
12 July 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:                                    Marshalls plc

2. Reason for the notification
(please tick the appropriate box or boxes)

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                AXA S.A. and its group
notification obligation:                                of companies

4. Full name of shareholder(s) (if different from 3):   See 9.

5. Date of the transaction (and date on which the       10 July 2007
threshold is crossed or reached if different):

6. Date on which issuer notified:                       12 July 2007

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

8. Notified details:

A: Voting rights attached to shares

Class/   Situation             Resulting situation after
type of  previous to the       the triggering transaction
shares   triggering
         transaction

         Number of   Number     Number of  Number of           % of voting
         shares      of voting  shares     voting              rights
                     rights                rights
                                Direct     Direct    Indirect  Direct  Indirect
GB00
B012
BV22    10,527,880   10,527,880 9,766,880  9,766,880 461,000   6.82     0.32

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
10,227,880                                   7.15%

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

Name of the Company/                         Number of shares     % of issued
Fund                                                              share capital

AXA Sun Life plc                             972,515              0.67958
Sun Life Unit Assurance Ltd a/c X            900,000              0.62890
Sun Life Unit Assurance Ltd a/c X            1,096,371            0.76612
AXA UK Investment Co ICVC                    400,000              0.27951
Distribution Fund
AXA UK Investment Co ICVC                    35,000               0.02446
Extra Income Fund
PPP Healthcare Group                         130,000              0.09084
Sun Life Pensions Management                 99,273               0.06937
Sun Life Assurance Society plc               431,800              0.30173
AXA Insurance UK                             512,000              0.35778
AXA UK Group Pension Scheme                  26,000               0.01817
Sun Life International (IOM) Ltd             1,300,000            0.90842
Sun Life Pensions Management Ltd             111,119              0.07765
Sun Life Unit Assurance Ltd                  40,000               0.02795
LTAV UK Equity
Sun Life Unit Assurance Ltd                  25,430               0.01777
FTSE All Share Tracker
Sun Life Pensions Management                 160,000              0.11181
LTAV UK Equity
Sun Life Pensions Management                 127,001              0.08875
FTSE All Share Tracker
AXA Winterthur                               35,973               0.02514
ASL With Profit Transition Fund              1,869,489            1.30636
SLAS With Profit Transition                  1,955,909            1.36675

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:

14. Contact name:           Elizabeth Blease, Company Secretary, Marshalls plc

15. Contact telephone
number:                     01484 438900





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