Holding(s) in Company

Xaar PLC 20 March 2007 TR-1: NOTIFICATION OF MAJOR INTERESTS IN SHARES (1). Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: XAAR PLC 2. Reason for the notification (please state Yes/No): ( ) 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) : CONFIRMATION OF OUR CURRENT POSITION USING THIS STANDARD FORM AS REQUIRED BY EUTD REGULATIONS ( X ) 3. Full name of person(s) subject to the notification obligation: PRUDENTIAL PLC GROUP OF COMPANIES 4. Full name of shareholder(s) (if different from 3.): SEE ATTACHED SCHEDULE 5. Date of the transaction and date on which the threshold is crossed or reached if different): 16-MAR-2007 6. Date on which issuer notified: 19-MAR-2007 7. Threshold(s) that is/are crossed or reached: 14% 8. Notified details: A: Voting rights attached to shares Class/type of shares Situation previous to if possible using the the Triggering ISIN CODE transaction Number of shares Number of voting Rights GB0001570810 9,030,408 9,030,408 Resulting situation after the triggering transaction Class/type of shares Number of shares Number of voting rights % of voting rights if possible using the ISIN CODE Direct Direct Indirect Direct Indirect GB0001570810 9,030,408 9,030,408 14.56% B: Financial Instruments Resulting situation after the triggering transaction Type of Expiration Date Exercise/Conversion Number of voting % of voting financial Period/ Date rights that may be rights instrument acquired if 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 9,030,408 14.56% 9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: PRUDENTIAL PLC (PARENT COMPANY) M&G GROUP LIMITED (WHOLLY OWNED SUBSIDIARY OF PRUDENTIAL PLC) M&G LIMITED (WHOLLY OWNED SUBSIDIARY OF M&G GROUP LIMITED) M&G INVESTMENT MANAGEMENT LIMITED (WHOLLY OWNED SUBSIDIARY OF M&G LIMITED) M&G SECURITIES LIMITED (WHOLLY OWNED SUBSIDIARY OF M&G LIMITED) 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: NONE 14. Contact name: EMMA THOMPSON 15. Contact telephone number: 020 7548 2293 Annex Notification Of Major Interests In Shares A: Identity of the person or legal entity subject to the notification obligation Full name (including legal form for legal entities): M&G INVESTMENT MANAGEMENT LIMITED Contact address (registered office for legal entities): GOVERNORS HOUSE LAURENCE POUNTNEY HILL LONDON EC4R 0HH Phone number: 020 7548 2293 Other useful information (at least legal representative for legal persons): B: Identity of the notifier, if applicable Full name: MARK THOMAS Contact address: GOVERNORS HOUSE LAURENCE POUNTNEY HILL LONDON EC4R 0HH Phone number: 020 7548 2293 Other useful information (e.g. functional relationship with the person or legal entity subject to the notification obligation): HEAD OF M&G GROUP FUNDS TAX AND COMPLIANCE C: Additional information : Notifiable Position Report for XAAR ORD GBP0.10 as at 16 March 2007 Percentage holdings are calculated using an issued share capital of 62,011,567 ORD GBP0.10 shares REGISTERED HOLDER HOLDING % PRUDENTIAL PLC 9,030,408 14.56 TOTAL NOTIFIABLE INTEREST BK OF NEW YORK (NOMS)LTD/636922 250,000 NORTRUST NOMINEES LTD A/C MHF01 11,515 NORTRUST NOMINEES LTD A/C MHJ01 2,408,334 NORTRUST NOMINEES LTD A/C MKM01 2,545,558 NORTRUST NOMS LTD A/C MEL01 471,765 NORTRUST NOMS LTD A/C PUQ01 2,215,205 PRUCLT HSBC GIS NOM(UK) PAC AC 763,031 PRUCLT HSBC GIS NOM(UK) PPL AC 365,000 M&G GROUP LIMITED 8,780,408 14.15 NORTRUST NOMINEE LTD A/C MHF01 11,515 NORTRUST NOMINEES LTD A/C MHJ01 2,408,334 NORTRUST NOMINEES LTD A/C MKM01 2,545,558 NORTRUST NOMS LTD A/C MEL01 471,765 NORTRUST NOMS LTD A/C PUQ01 2,215,205 PRUCLT HSBC GIS NOM(UK) PAC AC 763,031 PRUCLT HSBC GIS NOM(UK) PPL AC 365,000 M&G INVESTMENT MANAGEMENT LIMITED 8,768,893 14.14 NORTRUST NOMINEES LTD A/C MHJ01 2,408,334 NORTRUST NOMINEES LTD A/C MKM01 2,545,558 NORTRUST NOMS LTD A/C MEL01 471,765 NORTRUST NOMS LTD A/C PUQ01 2,215,205 PRUCLT HSBC GIS NOM(UK) PAC AC 763,031 PRUCLT HSBC GIS NOM(UK) PPL AC 365,000 M&G LIMITED 8,780,408 14.15 NORTRUST NOMINEE LTD A/C MHF01 11,515 NORTRUST NOMINEES LTD A/C MHJ01 2,408,334 NORTRUST NOMINEES LTD A/C MKM01 2,545,558 NORTRUST NOMS LTD A/C MEL01 471,765 NORTRUST NOMS LTD A/C PUQ01 2,215,205 PRUCLT HSBC GIS NOM(UK) PAC AC 763,031 PRUCLT HSBC GIS NOM(UK) PPL AC 365,000 M&G SECURITIES LIMITED 5,437,172 8.76 NORTRUST NOMINEE LTD A/C MHF01 11,515 NORTRUST NOMINEES LTD A/C MHJ01 2,408,334 NORTRUST NOMINEES LTD A/C MKM01 2,545,558 NORTRUST NOMS LTD A/C MEL01 471,765 This information is provided by RNS The company news service from the London Stock Exchange

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