Holding(s) in Company

Mears Group PLC
26 March 2008


TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1.  Identity of the issuer or the underlying issuer of existing shares to
    which voting rights are attached
    MEARS GROUP 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 (specify):                                                  ( )

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

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

5.  Date of the transaction (and date on which the threshold is crossed
    or reached if different):
    18 March 2008

6.  Date on which issuer notified:
    19 March 2008 (received by issuer on 20 March 2008)

7.  Threshold(s) that is/are crossed or reached:
    Direct decrease to below 3%
    (Direct/Indirect interest remains above 5%)

8.  Notified details:

A. Voting rights attached to shares

Class/type of shares (if possible using the Ordinary (GB000563420)
ISIN code)

Situation previous to  Resulting situation after the triggering transaction
   the triggering
     transaction
Number of    Number of    Number of    Number of voting       % of voting rights
Shares       Voting       shares       rights
             Rights
                          Direct       Direct     Indirect     Direct   Indirect
4,380,671    4,380,671    2,169,964    2,169,964  1,729,215    2.961%   2.36%


B. Financial Instruments

Resulting situation after the triggering transaction
Type of       Expiration   Exercise/            Number of voting     % of voting
financial     date         Conversion Period/   rights that may      rights
instrument                 Date                 be acquired if
                                                the instrument is
                                                exercised/
                                                converted
n/a

Total (A+B)
Number of voting rights              % of voting rights
3,899,179                            5.321%

9.  Chain of controlled undertakings through which the voting rights and/
    or the financial instruments are effectively held, if applicable:
    Insight Investment Management (Global) Limited* ('IIMGL') -
    (Indirect) - 3,621,914 (4.942%)

    IIMGL manages holdings on behalf of other HBOS Group companies, and
    other third parties external to the HBOS Group, under various
    discretionary management agreements

    (* - wholly owned subsidiaries of HBOS plc)

Proxy Voting:
10.  Name of the proxy holder:          n/a

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

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

13.  Additional information:            Notification using the total voting
                                        rights figure of 73,281,775

14:  Contact name:                      Kenny Melville

15.  Contact telephone number:          0131 243 8671




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