Holding(s) in Company

Mears Group PLC
15 March 2007



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:
    Standard Life Investments Ltd

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

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

6.  Date on which issuer notified:
    9 March 2007

7.  Threshold(s) that is/are crossed or reached:
    Material holding dropped below 5% boundary

8.  Notified details:
    Standard Life Investments Ltd disposed of 195,000 shares


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
7,103,427   7,103,427    3,062,663    3,062,663  3,845,764    4.974%    6.246%%


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
6,908,427                            11.220%

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


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:

14:  Contact name:                 Mears Group plc

15.  Contact telephone number:     01453 511 911




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