Holding(s) in Company

Savills PLC
11 January 2007



 **Not for publication, distribution or release in the United States of America
   (including its territories and possessions), Canada, Japan or Australia**



This announcement is not a prospectus. Investors should not purchase any shares
referred to in this announcement on the basis of this announcement.







PRESS RELEASE                                                    11 JANUARY 2007


           CB Richard Ellis Group, Inc. to sell stake in Savills plc


CB Richard Ellis Group, Inc. ('CBRE') today announces its intention to explore a
sale of up to 25,878,398 ordinary shares ('the Offering') in Savills plc ('
Savills'), representing approximately 19.2% of the issued share capital of
Savills held by Trammell Crow Company which CBRE acquired on 20 December 2006.
Credit Suisse Securities (Europe) Limited, Hoare Govett Limited and Morgan
Stanley Securities Limited are acting as joint bookrunners in an accelerated
bookbuild being launched today.

Savills confirms that it has previously indicated that it may consider buying
back for cancellation some of its ordinary shares, should they be sold by CBRE
in an offering. By virtue of CBRE being a related party as defined by the UK
Listing Rules, Savills would be permitted to buy back up to a maximum of 4.9% of
its issued share capital.













Enquiries:

CB Richard Ellis Group, Inc.                            Tel: [phone]
Kenneth Kay, Senior Executive Vice President and 
Chief Financial Officer

Savills plc                                             Tel: [phone]
Aubrey Adams, Group Chief Executive Officer

Credit Suisse Securities (Europe) Limited               Tel: [phone]
Antony Isaacs, Equity Capital Markets
Richard Probert, Investment Banking

Hoare Govett Limited                                    Tel: [phone]
Alex Garton, Corporate Broking
John MacGowan, Equity Syndicate Desk

Morgan Stanley Securities Limited                       Tel: [phone]
John Porter, Global Capital Markets




About CB Richard Ellis Group, Inc.

CB Richard Ellis Group, Inc. (NYSE:CBG), an S&P 500 company headquartered in Los
Angeles, California, is the world's largest commercial real estate services firm
(in terms of 2005 revenue). With approximately 21,000 employees, CBRE serves
real estate owners, investors and occupiers through more than 200 offices
worldwide (excluding affiliate and partner offices). CBRE offers strategic
advice and execution for property sales and leasing; corporate services;
property, facilities and project management; mortgage banking; appraisal and
valuation; development services; investment management; research and consulting.
Further information is available at www.cbre.com



About Savills plc

Savills plc (LSE: SVS), a FTSE 250 company headquartered in London, is a leading
international property consultancy, with a global presence and reputation. Its
success is based on its experienced and committed team of property consultants
and real estate agents, with over 140 offices and associates world-wide. The
company offers expert advice on all aspects of commercial, rural and residential
property through consultancy and transactions, property related financial
services and corporate finance. It also operates a specialist fund management
division. Further information is available at www.savills.com





The contents of this announcement, which have been prepared by and are the sole
responsibility of CBRE and Savills, have been approved by Credit Suisse
Securities (Europe) Limited, Hoare Govett Limited and Morgan Stanley Securities
Limited solely for the purposes of section 21(2)(b) of the Financial Services
and Markets Act 2000. This announcement does not constitute an offer of, or the
solicitation of an offer to buy ordinary shares in Savills plc in the United
States or in any other jurisdiction. The offering of the ordinary shares has not
been and will not be registered under the US Securities Act of 1933, as amended
and no public offering of such ordinary shares will be made in the United
States.

This announcement contains certain 'forward-looking statements'. In particular,
the words 'intends', 'may', 'should', 'believes', 'target', 'anticipate',
'expect', 'will' and similar expressions can be used to identify forward-looking
statements. Certain important factors could cause actual results or outcomes to
differ materially from those expressed in forward-looking statements. Such
forward-looking statements involve known and unknown risks, uncertainties and
other important factors beyond CBRE's or Savills' control that could cause the
actual results, performance or achievements of CBRE or Savills to be materially
different from future results, performance or achievements expressed or implied
by such forward-looking statements. Such forward-looking statements are based on
numerous assumptions regarding CBRE's and Savills' present and future business
strategies and the environment in which CBRE and Savills may operate in the
future. Forward-looking statements speak only as of the date they are made.


Credit Suisse Securities (Europe) Limited, Hoare Govett Limited and Morgan
Stanley Securities Limited, each of which are authorised and regulated in the
United Kingdom by the FSA, are acting exclusively for CBRE, CB Richard Ellis
Inc. and Trammell Crow Company and no-one else in connection with the Offering.
They will not regard any other person as their respective clients in relation to
the Offering and will not be responsible to anyone other than CBRE, CB Richard
Ellis Inc. and Trammell Crow Company for providing the protections afforded to
their respective clients, nor for providing advice in relation to the Offer, the
contents of this announcement or any transaction, arrangement or other matter
referred to herein.




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