TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

1. Identity of the issuer or the        Rensburg Sheppards plc
underlying issuer
of existing shares to which voting
rights are
attached: ii
2 Reason for the notification (please tick the appropriate box or
boxes):
An acquisition or disposal of voting rights
An acquisition or disposal of qualifying financial instruments
which may result in the acquisition of shares already issued to
which voting rights are attached
An acquisition or disposal of instruments with similar economic     X
effect to qualifying financial instruments
An event changing the breakdown of voting rights
Other (please
specify):
3. Full name of person(s) subject  Gruss Asset Management LLP
to the
notification obligation: iii
4. Full name of shareholder(s)     Gruss Arbitrage Master Fund, Ltd
 (if different from 3.):iv
5. Date of the transaction and     29 April 2010
date on
which the threshold is crossed or
reached: v
6. Date on which issuer notified:  30 April 2010
7. Threshold(s) that is/are        3%
crossed or
reached: vi, vii

8. Notified details:
A: Voting rights attached to shares viii, ix
Class/type   Situation         Resulting situation after the triggering
of           previous          transaction
shares       to the
             triggering
if possible  transaction
using
the ISIN
CODE
             Number   Number   Number   Number of       % of  voting
             of       of       of       voting          rights x
             Shares   Voting   shares   rights
                      Rights
                               Direct   Direct Indirec  Direct   Indirec
                                        xi     t xii             t



B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of          Expirat  Exercise/       Number of voting  % of voting
financial        ion      Conversion      rights that may   rights
instrument       date     Period xiv      be
                 xiii                     acquired if the
                                          instrument is
                                          exercised/
                                          converted.


C: Financial Instruments with similar economic effect to Qualifying
Financial Instruments xv, xvi
Resulting situation after the triggering transaction
Type of       Exerci  Expira  Exercis   Number of voting  % of voting
financial     se      tion    e/        rights            rights xix,
instrument    price   date    Convers   instrument        xx
                      xvii    ion       refers to
                              period
                              xviii
Contract for                                              Nomina  Delta
Difference                                   1,361,757    l


                                                                  3.10%

Total (A+B+C)
Number of voting rights             Percentage of voting rights
     1,361,757                           3.10%

9. Chain of controlled undertakings through which the voting rights
and/or the
financial instruments are effectively held, if applicable: xxi

N/A

Proxy Voting:
10. Name of the proxy holder:                 N/A
11. Number of voting rights proxy holder      N/A
will cease
to hold:
12. Date on which proxy holder will cease to  N/A
hold
voting rights:


13. Additional information:         N/A
14. Contact name:                   Paul Lodge
15. Contact telephone number:       +44 20 7518 9002