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: ST IVES PLC
2. Reason for the notification (please tick the appropriate box or boxes)
An acquisition or disposal of voting rights X
An acquisition or disposal of qualifying financial instruments which may N/A
result in the acquisition of shares already issued to which voting
rights are attached
An acquisition or disposal of instruments with similar economic effect N/A
to qualifying financial instruments
An event changing the breakdown of voting rights N/A
Other (please specify): N/A
3. Full name of person(s)
subject to SILCHESTER INTERNATIONAL INVESTORS LLP
the notification obligation:
4. Full name of shareholder(s)
(if different from 3.): SILCHESTER INTERNATIONAL INVESTORS
INTERNATIONAL VALUE EQUITY TAXABLE TRUST
SILCHESTER INTERNATIONAL INVESTORS
INTERNATIONAL VALUE EQUITY TRUST
SILCHESTER INTERNATIONAL INVESTORS
INTERNATIONAL VALUE EQUITY GROUP TRUST
SILCHESTER INTERNATIONAL INVESTORS TOBACCO FREE
INTERNATIONAL VALUE EQUITY TRUST
THE CALLEVA TRUST
5. Date of the transaction (and date on which the 03-03-11
threshold is crossed or reached if different):
6. Date on which issuer notified: 04-03-11
7. Threshold(s) that is/are crossed or reached: 19% to 18%
8. Notified details:
A: Voting rights attached to shares
Class/type Situation previous to Resulting situation after the triggering
of shares the triggering transaction
transaction
(if possible
using the Number of Number of Number of Number of voting % of voting
ISIN CODE) shares Voting shares rights rights
Rights
Direct Indirect Direct Indirect
GB0007689002 20,605,534 20,605,534 18,868,234 18,868,234 N/A 18.20% N/A
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial Expiration Exercise / Number of voting rights % of voting
instrument date Conversion that may be acquired if rights
Period / the instrument is
Date exercised/converted
N/A N/A N/A N/A N/A
C: Financial Instruments with similar economic effect to Qualifying Financial
Instruments
Resulting situation after the triggering transaction
Type of Exercise Expiration Exercise / Number of % of voting
financial price date Conversion voting rights rights
instrument period instrument
refers to
Nominal Delta
N/A N/A N/A N/A N/A N/A N/A
Total (A + B + C)
Number of voting rights % of voting rights
18,868,234 18.20%
9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:
N/A
Proxy Voting:
10. Name of the proxy holder: SILCHESTER INTERNATIONAL
INVESTORS LLP
11. Number of voting rights proxy holder will cease to N/A
hold:
12. Date on which proxy holder will cease to hold N/A
voting rights:
13. Additional information: SILCHESTER INTERNATIONAL INVESTORS LLP
("SILCHESTER")ACTS AS INVESTMENT MANAGER
FOR THE CLIENTS DETAILED IN QUESTION 4 ABOVE
(OUR "CLIENTS"). IN ACTING FOR OUR CLIENTS
SILCHESTER IS GIVEN FULL DISCRETION OVER
THEIR INVESTMENTS AND IS EMPOWERED TO VOTE
ON THEIR BEHALF. HOWEVER SILCHESTER DOES
NOT ACT AS OUR CLIENTS' CUSTODIAN AND
THEREFORE SHARES ARE NOT HELD IN SILCHESTER'S
NAME BUT IN THE NAME OF EACH CLIENT'S
CUSTODIAN BANK.
THE DECREASE IN SILCHESTER'S HOLDINGS WAS
DUE TO A SERIES OF TRANSACTIONS OVER A
SERIES OF DIFFERENT TRADING DAYS. DETAILS
OF THE NUMBER OF SHARES HELD BEFORE THE
CHANGE (SHOWN IN SECTION A "SITUATION
PREVIOUS TO THE TRIGGERING TRANSACTION"
ABOVE), REPRESENT THE SHARES HELD BY
SILCHESTER'S CLIENTS AS OF THE DATE OF OUR
LAST NOTICE OF SUBSTANTIAL SHAREHOLDER'S
INTEREST AND NOT AS OF THE LAST TRADING DAY
BEFORE WHICH THIS DISCLOSURE LEVEL WAS
TRIGGERED.
14. Contact name: ANISH KUMAR, COMPLIANCE
15. Contact telephone number: 020 7518 7124
****************************************
Enquiries:
Philip Harris
Company Secretary, St Ives plc
(T) 020 7928 8844 x337
7 March 2011
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