Holding(s) in Company

Mears Group PLC
17 January 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:
    Majedie Asset Management Ltd

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

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

6.  Date on which issuer notified:
    14 January 2008 (received by issuer 16 January 2008)

7.  Threshold(s) that is/are crossed or reached:
    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
3,553,739  3,553,739                           4,458,739            6.09%


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

Total (A+B)
Number of voting rights              % of voting rights
4,458,739                            6.09%

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

Proxy Voting:
10.  Name of the proxy holder:

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

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

13.  Additional information:       Majedie Asset Management Ltd is a
                                   discretionary Fund Manager. It invests
                                   funds on behalf of its clients on a
                                   segregated basis as well as through its
                                   pooled vehicle Majedie Asset Management
                                   Investment Fund Company.

14:  Contact name:                 Sundip Singh Shihn

15.  Contact telephone number:     020 7618 3917




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