Holding(s) in Company

Shanks Group PLC
29 January 2007


TR-1(i):               NOTIFICATION OF MAJOR INTERESTS IN SHARES 

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

2. Reason for the notification     (please tick the appropriate box or boxes)

An acquisition or disposal of voting rights

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 (please specify):INITIAL IMPLEMENTATION OF THE TRANSPARENCY DIRECTIVE                      x

3. Full name of person(s) subject to the notification                    ABERFORTH PARTNERS LLP
obligation(iii):

4. Full name of shareholder(s) (if different from 3.)(iv):                      NOTED BELOW

                                                                                          No. of Shares

Aberforth Smaller Companies Trust plc           Nortrust Nominees Ltd A/c Aberfrth          7,275,400

Aberforth  UK Smaller Companies Fund            Nortrust Ltd A/c Aberfrth                   7,301,300

Aberforth Geared Capital & Income Trust plc     Nortrust Nominees A/c Aberfrth              1,385,000

The Church Commissioners for England            The Church Commissioners for England        1,240,500
                                                (Chase GIS) Nominees Ltd


5. Date of the transaction (and date on which the threshold is                20 JANUARY 2007
crossed or reached if different)(v):

6. Date on which issuer notified:                                             26 JANUARY 2007

7. Threshold(s) that is/are crossed or reached:                                      5%

8. Notified details:                                                                     N/A

A: Voting rights attached to shares

Class/type of    Situation previous to    Resulting situation after the triggering transaction(vii)
shares           the Triggering
                 transaction (vi)
 if possible     Number of   Number of    Number of  Number of voting rights  % of voting rights
using the ISIN   Shares      Voting       shares     ix
CODE                         Rights viii  Direct     Direct  x   Indirect xi  Direct        Indirect

     ORDINARY    17,202,200  17,202,200        N/A        N/A                      N/A           7.32%
SHARES                                                           17,202,200

GB0007995243

B: Financial Instruments

Resulting situation after the triggering transaction xii
Type of financial     Expiration date Exercise/ Conversion     Number of voting rights    % of voting
instrument            xiii            Period/ Date xiv         that may be acquired if    rights
                                                               the instrument is
                                                               exercised/ converted.
           N/A             N/A                     N/A              N/A                        N/A

Total (A+B)

Number of voting rights                             % of voting rights
     17,202,200                                          7.32%



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

        HELD BY ABERFORTH PARTNERS LLP


Proxy Voting:

10. Name of the proxy holder:                                           N/A

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

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


13. Additional information:                       N/A

14. Contact name:                             CAROLYN GIBSON

15. Contact telephone number:                     01628 554920


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