Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES                                                
                                                                                              
                                                                                              
                                                                                              
1. Identity of the issuer or the underlying issuer of CHEMRING GROUP PLC                      
existing shares to which voting rights are attached:                                          
                                                                                              
2 Reason for the notification (please tick the appropriate box or boxes):                     
                                                                                              
An acquisition or disposal of voting rights                                            YES    
                                                                                              
An acquisition or disposal of qualifying financial instruments which may result         NO    
in the acquisition of shares already issued to which voting rights are attached               
                                                                                              
An acquisition or disposal of instruments with similar economic effect to               NO    
qualifying financial instruments                                                              
                                                                                              
An event changing the breakdown of voting rights                                        NO    
                                                                                              
Other (please                                                                           NO    
specify):                                                                                     
                                                                                              
3. Full name of person(s) subject to the            STANDARD LIFE INVESTMENTS LTD             
notification obligation:                                                                      
                                                                                              
4. Full name of shareholder(s)  (if different from  VIDACOS NOMINEES                          
3.):                                                                                          
                                                                                              
5. Date of the transaction and date on which the    18 NOVEMBER 2010                          
threshold is crossed or reached:                                                              
                                                                                              
6. Date on which issuer notified:                   22 NOVEMBER 2010                          
                                                                                              
7. Threshold(s) that is/are crossed or reached:     5%                                        
                                                                                              
8. Notified details:                                                                          
                                                                                              
A: Voting rights attached to shares                                                           
                                                                                              
Class/type   Situation previous to the     Resulting situation after the triggering           
of shares    triggering transaction        transaction                                        
                                                                                              
                                                                                              
             Number of     Number of       Number of  Number of voting    % of  voting        
if possible  Shares        Voting Rights   shares     rights              rights              
using the                                                                                     
ISIN CODE                                                                                     
                                                      Direct     Indirect Direct  Indirect    
                                                                                              
                                                                                              
GB0001904621 1,860,145     1,860,145       1,611,798  911,096    700,702  2.582%  1.986%      
                                                                                              
                                                                                              
                                                                                              
B: Qualifying Financial Instruments                                                           
                                                                                              
Resulting situation after the triggering transaction                                          
                                                                                              
Type of financial       Expiration Exercise/ Conversion   Number of voting    % of voting       
instrument              date     Period                 rights that may     rights            
                                                        be acquired if                        
                                                        the instrument is                     
                                                        exercised/                            
                                                        converted.                            
                                                                                              
                                                                                              
                                                                                              
                                                                                              
                                                                                              
C: Financial Instruments with similar economic effect to Qualifying Financial                 
Instruments                                                                                   
                                                                                              
Resulting situation after the triggering transaction                                          
                                                                                              
Type of          Exercise  Expiration Exercise/       Number of voting     % of voting        
financial        price     date       Conversion      rights instrument    rights             
instrument                            period          refers to                               
                                                                                              
                                                                                              
                                                                                              
                                                                           Nominal      Delta 
                                                                                              
                                                                                              
                                                                                              
                                                                                              
                                                                                              
Total (A+B+C)                                                                                 
                                                                                              
Number of voting rights                              Percentage of voting rights              
                                                                                              
1,611,798                                            4.567%                                   
                                                                                              

 

9. Chain of controlled undertakings through which the voting rights and/or the          
financial instruments are effectively held, if applicable:                              
                                                                                        
                                                                                        
                                                                                        
                                                                                        
                                                                                        
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:                                                   HELEN MARSH         
                                                                                        
15. Contact telephone number:                                       01489 864482