Holding(s) in Company

SCHEDULE 10 NOTIFICATION OF MAJOR INTERESTS IN SHARES 1. Name of company ST IVES PLC 2. Name of shareholder having a major interest SILCHESTER INTERNATIONAL INVESTORS LIMITED 3. Please state whether notification indicates that it is in respect of holding of the shareholder named in 2 above or in respect of a non-beneficial interest or in the case of an individual holder if it is a holding of that person's spouse or children under the age of 18 PLEASE SEE ATTACHED NOTIFICATION 4. Name of the registered holder(s) and, if more than one holder, the number of shares held by each of them PLEASE SEE ATTACHED NOTIFICATION 5. Number of shares/amount of stock acquired N/A 6. Percentage of issued class N/A 7. Number of shares/amount of stock disposed N/A 8. Percentage of issued class N/A 9. Class of security ORDINARY SHARES OF 10P EACH 10. Date of transaction N/A 11. Date company informed 29TH JUNE 2006 12. Total holding following this notification 21,783,470 13. Total percentage holding of issued class following this notification 21.04% 14. Any additional information ST IVES PLC'S ISSUED SHARE CAPITAL AS AT 29TH JUNE 2006 IS 103,551,005 ORDINARY SHARES OF 10P EACH 15. Name of contact and telephone number for queries PHILIP HARRIS TELEPHONE: 020 7928 8844 16. Name and signature of authorised company official responsible for making this notification PHILIP HARRIS, COMPANY SECRETARY, ST IVES PLC Date of notification 29TH JUNE 2006 LETTER TO ST IVES PLC ON SILCHESTER INTERNATIONAL INVESTORS LIMITED HEADED PAPER Company Secretary ST IVES PLC St Ives House Lavington Street London SE1 0NX Fax no.: 020 7902 6566 29 June 2006 Dear Company Secretary Silchester International Investors Limited ("Silchester") acts as an Investment Manager for a number of commingled funds ("our Clients"). In acting for our Clients, we are given full discretion over their investments, and are empowered to vote on their behalf. However, we do not act as their Custodian and therefore shares are not held in our name, but in the nominee name of our Clients' Custodian bank. In addition, Silchester holds 49.9% of the issued share capital of Sanderson Asset Management Limited ("Sanderson") a UK limited company that also acts as Investment Manager for a number of commingled funds and separate accounts. In acting for its clients, Sanderson are given full discretion over their investments, and are empowered to vote on their behalf. However, Sanderson do not act as its clients' Custodian and therefore shares are not held in Sanderson's name, but in the nominee name of Sanderson's clients' Custodian bank. Silchester's share ownership in Sanderson does not allow Silchester to exercise any direct or indirect control over Sanderson's investment strategy, philosophy or implementation, the investments that Sanderson may purchase or sell on behalf of its clients, or the manner in which Sanderson may vote proxies that arise from its client investments. However, Silchester is deemed to have an `interest' in shares that Sanderson controls by virtue of Section 203(2)(b) of the Companies Act 1985. Recent purchases/sales of shares in your company by Silchester on behalf of its clients, have resulted in Silchester having an interest in the following shares (also see attached): SILCHESTER 18,591,470 Recent purchases/sales of shares in your company by Sanderson on behalf of its clients, have resulted in Sanderson having an interest in the following shares, and Silchester having an interest over the same shares for the purposes of Section 203(2)(b) of the Companies Act 1985 (also see attached): SANDERSON 3,192,000 Our records show that you have the following shares in that class: ST IVES PLC 103,551,005 As such, Silchester has an interest over 21.04% of the shares of that class and, of that, two of Silchester's clients control 11.49% and 4.8%. This interest is being notified in fulfillment of the obligations imposed by Section 198-202 of the Companies Act 1985. Silchester does not have an interest mentioned in Section 208(5) of the Companies Act 1985 in any of the shares to which this notification relates. The Takeover Panel has advised that Silchester is not required to report its Clients' shareholdings in aggregate with Sanderson for purposes of Rule 8.3 of the Takeover Code. Yours faithfully, ALISON RAVENSCROFT Head of Dealing SILCHESTER INTERNATIONAL INVESTORS LIMITED - CLIENT OWNERSHIP Company: ST IVES PLC Attention: Company Secretary Share Class: Address: St Ives House ORDINARY Lavington Street London Issued Shares: SE1 0NX 103,551,005 Fax No: 0207 902 6566 SII Client Ownership: 18,591,470 Date: 29 June 2006 % of Shares 17.95 SII Account Nominee Silchester Silchester % Voting Current Holding Authority Share at Fund Holding Level Silchester International Investors Northern YES 4,968,150 4.80 International Value Equity Group Trust Trust Company c/o Silchester International Investors, Inc. 780 Third Avenue, 42nd Floor, New York, New York 10017 Silchester International Investors Northern YES 819,429 0.79 Tobacco Free International Value Trust Equity Trust Company c/o Silchester International Investors, Inc. 780 Third Avenue, 42nd Floor, New York, New York 10017 Silchester International Investors Northern YES 11,895,291 11.49 International Value Equity Trust Trust c/o Silchester International Company Investors, Inc. 780 Third Avenue, 42nd Floor, New York, New York 10017 The Calleva Trust Northern YES 908,600 0.88 c/o The Bank of Bermuda Limited Trust The Bank of Bermuda Building Company 6 Front Street, Hamilton HM11, Bermuda TOTAL 18,591,470 Please refer to the following page for information on Sanderson Asset Management Limited's ("Sanderson's") client holdings. Under the terms of Sanderson's privacy policy, the names, addresses, or other identifying information of Sanderson's client accounts are not shared with Silchester employees. SANDERSON ASSET MANAGEMENT - CLIENT OWNERSHIP Company: ST IVES PLC Attention: Company Secretary Share Class: Address: St Ives House ORDINARY Lavington Street London Issued Shares: SE1 0NX 103,551,005 Fax No: 0207 902 6566 SAM Client Ownership: 3,192,000 Date: 29 June 2006 % of Shares 3.08 SAM Account Nominee Sanderson Voting Sanderson % Holding Authority Current Share at Fund Holding Level BUST Northern Trust Co Yes 1,205,000 1.16 CAT Pictet & Cie Yes 73,000 0.07 DYN State Street Yes 45,000 0.04 EUF State Street Yes 255,000 0.25 GOLF Bank of New York Yes 50,000 0.05 GREEN Northern Trust Co Yes 23,000 0.02 GRIT Northern Trust Co Yes 385,000 0.37 INGOT Mellon Trust Yes 99,000 0.10 MINI State Street Yes 151,000 0.15 OCEAN Northern Trust Co Yes 73,000 0.07 OVAL Mellon Trust Yes 107,000 0.10 PEARL Northern Trust Co Yes 30,000 0.03 RAIN Citigroup Yes 75,000 0.07 STAMP Northern Trust Co Yes 52,000 0.05 TIME Bank of New York Yes 18,000 0.02 TRAY Northern Trust Co Yes 317,000 0.31 WHEAT Mellon Trust Yes 98,000 0.09 WINDY Northern Trust Co Yes 69,000 0.07 WOGAN Northern Trust Co Yes 67,000 0.06 TOTAL 3,192,000 Under the terms of Sanderson Asset Management Limited's ("Sanderson's") privacy policy, the names, addresses, or other identifying information of Sanderson's client accounts are not shared with Silchester employees.

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