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


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