| 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) | 
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| An acquisition or disposal of voting rights | 
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| An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached | 
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| An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments | 
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| An event changing the breakdown of voting rights | 
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| Other (please specify): On market transfer between indirect and direct funds | X | |||||||||||||||||
| 3. Full name of person(s) subject to the notification obligation: | Aviva plc and its subsidiaries | |||||||||||||||||
| 4. Full name of shareholder(s) (if different from 3.): | Registered Holder: BNY (Nominees) Limited (166,976)* BNY Norwich Union Nominees Limited (2,287,299)* Chase (GA Group) Nominees Limited (14,636,286)* Chase Nominees Limited (267,371)* CUIM Nominee Limited (592,367)* Vidacos Nominees Limited (108,574)* * denotes direct interest Chase Nominees Limited (243,089) Vidacos Nominees Limited (60,481) | |||||||||||||||||
| 5. Date of the transaction (and date on which the threshold is crossed or reached if different): | 12 March 2012 | |||||||||||||||||
| 6. Date on which issuer notified: | 13 March 2012 | |||||||||||||||||
| 7. Threshold(s) that is/are crossed or reached: | 8% to 9% change at direct interest level | |||||||||||||||||
| 8. Notified details: | ||||||||||||||||||
| A: Voting rights attached to shares | ||||||||||||||||||
| Class/type of shares if possible using the ISIN CODE | Situation previous to the Triggering transaction | Resulting situation after the triggering transaction | ||||||||||||||||
| Number of Shares | Number of Voting Rights | Number of shares | Number of voting rights | % of voting rights | ||||||||||||||
| Direct | Direct | Indirect | Direct | Indirect | ||||||||||||||
| GB00B012BV22 | Direct 17,649,183 (8.96%) Indirect 713,260 (0.36%) 
 | Direct 17,649,183 (8.96%) Indirect 713,260 (0.36%) 
 | 18,362,443 | 18,058,873 | 303,570 | 9.17% | 0.15% | |||||||||||
| B: Qualifying Financial Instruments | ||||||||||||||||||
| Resulting situation after the triggering transaction | ||||||||||||||||||
| Type of financial instrument | Expiration date | Exercise/ Conversion Period/ Date | Number of voting rights that may be acquired if the instrument is exercised/ converted | % of voting rights | ||||||||||||||
|  |  |  |  |  | ||||||||||||||
| C: Financial Instruments with similar economic effect to Qualifying Financial Instruments | ||||||||||||||||||
| Resulting situation after the triggering transaction | ||||||||||||||||||
| Type of financial instrument | Exercise price | Expiration date | Exercise/ Conversion period | Number of voting rights instrument refers to | % of voting rights | |||||||||||||
|  |  |  |  |  | Nominal | Delta | ||||||||||||
|  |  | |||||||||||||||||
| Total (A+B+C) | ||||||||||||||||||
| Number of voting rights | % of voting rights | |||||||||||||||||
| 18,362,443 | 9.32% | |||||||||||||||||
| 9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: | 
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| The voting rights are managed and controlled by Aviva Investors Global Services Limited with the following chain of controlled undertakings:- 
 Aviva Investors Global Services Limited: · Aviva plc (Parent Company) · Aviva Group Holdings Limited (wholly owned subsidiary of Aviva plc) · Aviva Investors Holdings Limited (wholly owned subsidiary of Aviva Group Holdings Limited) · Aviva Investors Global Services Limited (wholly owned subsidiary of Aviva Investors Holdings Limited) 
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| Proxy Voting: | 
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| 10. Name of the proxy holder: | See Section 4 | 
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| 11. Number of voting rights proxy holder will cease to hold: | 
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| 12. Date on which proxy holder will cease to hold voting rights: | 
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| 13. Additional information: | Figures are based on a total number of voting rights of 196,953,755 as per the Company's Total Voting Rights Announcement of 15 March 2010. | 
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| 14. Contact name: | Cathy Baxandall, Company Secretary, Marshalls plc | 
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| 15. Contact telephone number: | 01484 438900 | 
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