Holding in Company

Shanks Group PLC 4 September 2001 SCHEDULE 10 NOTIFICATION OF MAJOR INTERESTS IN SHARES 1) Name of company Shanks Group plc 2) Name of shareholder having a major interest Legal & General Investment Management Limited 3) Please state whether notification indicates that it is in respect of holding of the shareholder named in 2 above or in respect of a non-beneficial interest or in the case of an individual holder if it is a holding of that person's spouse or children under the age of 18 On behalf of funds owned by Legal & General Investment Management Ltd 4. Name of the registered holder(s) and, if more than one holder, the number of shares held by each of them HSBC Global Custody Nominee (UK)Ltd A/C 886603 300,000 HSBC Global Custody Nominee (UK)Ltd A/C 775245 1,443,000 HSBC Global Custody Nominee (UK)Ltd A/C 360509 128,645 HSBC Global Custody Nominee (UK)Ltd A/C 357206 4,361,543 HSBC Global Custody Nominee (UK)Ltd A/C 130007 324,470 HSBC Global Custody Nominee (UK)Ltd A/C 363605 93,400 HSBC Global Custody Nominee (UK)Ltd A/C 866203 176,000 TOTAL 6,827,058 2.93% 5) Number of shares/amount of stock acquired None 6) Percentage of issued class N/A 7) Number of shares/amount of stock disposed 269,500 8) Percentage of issued class 0.1% 9) Class of security Ordinary 10p Shares 10) Date of transaction 31 August 2001 11) Date company informed 3 September 2001 12) Total holding following this notification 6,827,058 13) Total percentage holding of issued class following this notification 2.93% 14) Any additional information 15) Name of contact and telephone number for queries P Kaye 01628 524523 16) Name and signature of authorised company official responsible for making this notification P Kaye Date of notification 4 September 2001

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