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Salvesen(Christn) (SVC)

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Tuesday 30 January, 2007

Salvesen(Christn)

Holding(s) in Company

Christian Salvesen
                  

Financial Services Authority

TR-1(i): NOTIFICATION OF MAJOR INTERESTS IN SHARES

-0-
*T
1. Identity of the issuer or the underlying issuer of     CHRISTIAN SALVESEN PLC
 existing shares to which voting rights are attached(ii):
-------------------------------------------------------------------------------------------
2. Reason for the notification (please tick the appropriate box or boxes)
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An acquisition or disposal of voting rights                                           X
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An acquisition or disposal of financial instruments which may result in the
 acquisition of shares already issued to which voting rights are attached
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An event changing the breakdown of voting rights
-------------------------------------------------------------------------------------------
Other (please specify):___________________________________________
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3. Full name of person(s) subject to the notification     UBS Global Asset Management-
 obligation(iii):                                         Traditional
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                                                          UBS Global Asset Management Life
4. Full name of shareholder(s) (if different from 3.)(iv): Ltd UBS Global Asset Management
                                                           (UK) Ltd
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5. Date of the transaction (and date on which the         25 January 2007
 threshold is crossed or reached if different)(v):
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6. Date on which issuer notified:                         29 January 2007
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7. Threshold(s) that is/are crossed or reached:           6.57%
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8. Notified details:
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*T

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*T
A: Voting rights attached to shares
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Class/type of Situation previousResulting situation after the triggering transaction(vii)
 shares        to the Triggering
if possible    transaction(vi)
 using the    -----------------------------------------------------------------------------
 ISIN CODE    Number ofNumber ofNumber of  Number of voting rights% of voting rights
               Shares   Voting   shares     (ix)
                        Rights  -----------------------------------------------------------
                        (viii)  Direct     Direct (x) Indirect    Direct     Indirect
           1.       1.                                 (xi)
-------------------------------------------------------------------------------------------
GB00007712762                   17,442,168    828,770  16,613,398       0.31%         6.26%
-------------------------------------------------------------------------------------------
*T

-0-
*T
B: Financial Instruments
-------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction (xii)
-------------------------------------------------------------------------------------------
Type of financial Expiration   Exercise/ Conversion  Number of voting rights% of voting
 instrument        date (xiii)  Period/ Date (xiv)    that may be acquired   rights
                                                      if the instrument is
                                                      exercised/ converted.
-------------------------------------------------------------------------------------------
*T

-0-
*T
Total (A+B)
-------------------------------------------------------------------------------------------
Number of voting rights                     % of voting rights
-------------------------------------------------------------------------------------------
17,442,168                                  6.57%
-------------------------------------------------------------------------------------------
*T

-0-
*T
9. Chain of controlled undertakings through which the voting rights and/or the financial
 instruments are effectively held, if applicable (xv):
------------------------------------------------------------------------------------------
UBS Global Asset Management Life Ltd - 828,770 Shares (0.31%)
UBS Global Asset Management (UK) Ltd - 16,613,398 Shares (6.26%)
------------------------------------------------------------------------------------------
*T

-0-
*T
Proxy Voting:
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10. Name of the proxy holder:
------------------------------------------------------------------------------------------
11. Number of voting rights proxy holder will cease to
 hold:
------------------------------------------------------------------------------------------
12. Date on which proxy holder will cease to hold voting
 rights:
------------------------------------------------------------------------------------------
*T

-0-
*T
13. Additional information:
------------------------------------------------------------------------------------------
14. Contact name:                     EHD Peppiatt
                                      Legal Director & Company Secretary
------------------------------------------------------------------------------------------
15. Contact telephone number:         01604 662 600
------------------------------------------------------------------------------------------
*T

ANNEX NOTIFICATION OF MAJOR INTERESTS IN SHARES (XVI)

Notes

iThis form is to be sent to the issuer or underlying issuer and to be filed with
the competent authority.

(ii)Either the full name of the legal entity or another method for identifying
the issuer or underlying issuer, provided it is reliable and accurate.

(iii)This should be the full name of (a) the shareholder; (b) the person
acquiring, disposing of or exercising voting rights in the cases provided for in
DTR5.2.1 (b) to (h); (c) all the parties to the agreement referred to in
DTR5.2.1 (a), or (d) the direct or indirect holder of financial instruments
entitled to acquire shares already issued to which voting rights are attached,
as appropriate. In relation to the transactions referred to in points DTR5.2.1
(b) to (h), the following list is provided as indication of the persons who
should be mentioned: - in the circumstances foreseen in DTR5.2.1 (b), the person
that acquires the voting rights and is entitled to exercise them under the
agreement and the natural person or legal entity who is transferring temporarily
for consideration the voting rights; - in the circumstances foreseen in DTR
5.2.1 (c), the person holding the collateral, provided the person or entity
controls the voting rights and declares its intention of exercising them, and
person lodging the collateral under these conditions; - in the circumstances
foreseen in DTR5.2.1(d), the person who has a life interest in shares if that
person is entitled to exercise the voting rights attached to the shares and the
person who is disposing of the voting rights when the life interest is created;
- in the circumstances foreseen in DTR5.2.1 (e), the parent undertaking and,
provided it has a notification duty at an individual level under DTR 5.1, under
DTR5.2.1 (a) to (d) or under a combination of any of those situations, the
controlled undertaking; - in the circumstances foreseen in DTR5.2.1 (f), the
deposit taker of the shares, if he can exercise the voting rights attached to
the shares deposited with him at his discretion, and the depositor of the shares
allowing the deposit taker to exercise the voting rights at his discretion; - in
the circumstances foreseen in DTR5.2.1 (g), the person that controls the voting
rights; - in the circumstances foreseen in DTR5.2.1 (h), the proxy holder, if he
can exercise the voting rights at his discretion, and the shareholder who has
given his proxy to the proxy holder allowing the latter to exercise the voting
rights at his discretion.

(iv)Applicable in the cases provided for in DTR 5.2.1 (b) to (h). This should be
the full name of the shareholder or holder of financial instruments who is the
counterparty to the natural person or legal entity referred to in DTR5.2.

(v)The date of the transaction should normally be, in the case of an on exchange
transaction, the date on which the matching of orders occurs; in the case of an
off exchange transaction, date of the entering into an agreement. The date on
which threshold is crossed should normally be the date on which the acquisition,
disposal or possibility to exercise voting rights takes effect (see DTR 5.1.1R
(3)). For passive crossings, the date when the corporate event took effect.
These dates will usually be the same unless the transaction is subject to a
condition beyond the control of the parties.

(vi)Please refer to the situation disclosed in the previous notification, In
case the situation previous to the triggering transaction was below 3%, please
state 'below 3%'. vii If the holding has fallen below the minimum threshold ,
the notifying party should not be obliged to disclose the extent of the holding,
only that the new holding is less than 3%.

For the case provided for in DTR5.2.1(a), there should be no disclosure of
individual holdings per party to the agreement unless a party individually
crosses or reaches an Article 9 threshold. This applies upon entering into,
introducing changes to or terminating an agreement. viii Direct and indirect ix
In case of combined holdings of shares with voting rights attached 'direct
holding' and voting rights 'indirect holdings', please split the voting rights
number and percentage into the direct and indirect columns-if there is no
combined holdings, please leave the relevant box blank. X Voting rights attached
to shares in respect of which the notifying party is a direct shareholder (DTR
5.1) xi Voting rights held by the notifying party as an indirect shareholder
(DTR 5.2.1) xii If the holding has fallen below the minimum threshold, the
notifying party should not be obliged to disclose the extent of the holding,
only that the new holding is below 3%. xiii date of maturity / expiration of the
finical instrument i.e. the date when the right to acquire shares ends. xiv If
the financial instrument has such a period-please specify the period- for
example once every three months starting from the [date] xv The notification
should include the name(s) of the controlled undertakings through which the
voting rights are held. The notification should also include the amount of
voting rights and the percentage held by each controlled undertaking, insofar as
individually the controlled undertaking holds 3% or more, and insofar as the
notification by the parent undertaking is intended to cover the notification
obligations of the controlled undertaking. xvi This annex is only to be filed
with the competent authority. xvii Whenever another person makes the
notification on behalf of the shareholder or the natural person/legal entity
referred to in DTR5.2 and DTR5.3.

a d v e r t i s e m e n t