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:
    AEGON UK Group of Companies

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):
    15 January 2008

6.  Date on which issuer notified:
    16 January 2008

7.  Threshold(s) that is/are crossed or reached:
    8-9%

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
6,500,009   6,500,009   6,716,759   6,286,950  429,809     8.58      0.59


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
6,716,759                            9.17

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

    AEGON UK Group of companies - parent undertaking of:
    AEGON Asset Management UK plc
    AEGON Investment Management UK Ltd.
    AEGON ICVC

Proxy Voting:
10.  Name of the proxy holder:       AEGON UK Group of Companies

11.  Number of voting rights proxy   283,059
     holder will cease to hold:

12.  Date on which proxy holder      21/9/07
     will cease to hold voting
     rights:

13.  Additional information:         AEGON UK Group of companies consists of:
                                     AEGON Asset Management UK plc
                                     AEGON Investment Management UK Ltd.
                                     AEGON ICVC

14:  Contact name:                   Miranda Beacham

15.  Contact telephone number:       0131 549 3460




                      This information is provided by RNS
            The company news service from the London Stock Exchange