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: ASHTEAD GROUP PLC
2. Reason for the notification  (yes/no)
An acquisition or disposal of voting rights Yes
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached No
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments No
An event changing the breakdown of voting rights No
Other (please specify): ______________ No
3. Full name of person(s) subject to notification obligation: Harris Associates L.P.
4. Full name of shareholder(s)  (if different from 3): BNY Mellon
Brown Brothers Harriman
Northern Trust Company
State Street Bank
5. Date of transaction  (and date on which the threshold is crossed or reached if different): 31 March 2017
6. Date on which issuer notified: 03 April 2017
7. Threshold(s) that is/are crossed or reached: 5%

   

8. Notified Details
A: Voting rights attached to shares
Class/type of shares
If possible use ISIN CODE
Situation previous to the triggering transaction Resulting situation after the triggering transaction
Number of Shares Number of voting rights Number of shares Number of voting rights Percentage of voting rights
Direct Indirect Direct Indirect
GB0000536739 Common Stock 25,561,403 25,561,403 24,858,254 24,858,254 4.98%
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument Expiration date Exercise/ conversion period No. of voting rights that may be acquired (if the instrument is exercised/converted) Percentage of voting rights
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument Exercise Price Expiration date Exercise/ conversion period No. of voting rights instrument refers to Percentage of voting rights
Nominal Delta
Total (A+B+C)
Number of voting rights Percentage of voting rights
24,858,254 4.98%

   

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:
BNY Mellon - 163,500 Common Stock shares
Brown Brothers Harriman - 390,900 Common Stock shares
Northern Trust Company - 387,000 Common Stock shares
State Street Bank - 23,916,854 Common Stock shares
Proxy Voting:
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:
13. Additional information:
14. Contact name: Kim Colwell
15. Contact telephone number: 312-646-3489

   

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)
Harris Associates L.P.
Contact address
(including legal form for legal entities)
111 S. Wacker Drive, Suite 4600, Chicago, IL 60606 USA
Phone number & email 312-646-3489  kcolwell@harrisassoc.com
Other useful information
(at least legal representative for legal persons)
B: Identity of the notifier, if applicable
Full name Kim Colwell
Contact address 111 S. Wacker Drive, Suite 4600, Chicago, IL 60606 USA
Phone number & email 312-646-3489  kcolwell@harrisassoc.com
Other useful information
(e.g. functional relationship with the person or legal entity subject to the notification obligation)
C: Additional information

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