Holding(s) in Company

NOTIFICATION OF MAJOR INTERESTS IN SHARES 1) Name of listed company CHEMRING GROUP PLC 2) Name of shareholder with a major interest UBS AG 3) Please state whether notification indicates that it is regarding the holding of the shareholder named in 2 above; 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 NOTIFICATION IS IN RESPECT OF THE SHAREHOLDER NAMED IN 2 ABOVE 4) Name of the registered holder(s) and, if more than one holder, the number of shares held by each of them UBS GLOBAL ASSET MANAGEMENT (LIFE) LTD 671,581 UBS AG LONDON BRANCH 265,974 UBS AG (SWITZERLAND) 176,019 5) Number of shares/amount of stock acquired 6) Percentage of issued class (any treasury shares held by the listed company should not be taken into account when calculating percentage) 7) Number of shares/amount of stock disposed 8) Percentage of issued class (any treasury shares held by the listed company should not be taken into account when calculating percentage) 9) Class of security 5P ORDINARY SHARES 10) Date of transaction 1 NOVEMBER 2006 11) Date listed company informed 2 NOVEMBER 2006 12) Total holding following this notification 1,113,574 5P ORDINARY SHARES 13) Total percentage holding of issued class following this notification (any treasury shares held by the listed company should not be taken into account when calculating percentage) 3.45% 14) Any additional information 15) Name of contact and telephone number for queries HELEN MARSH 01489 881880 16) Name and signature of duly authorised officer of the listed company responsible for making this notification HELEN MARSH Date of notification: 3 NOVEMBER 2006
UK 100

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