Holding(s) in Company

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:       ST IVES PLC         
                                                                               
2. Reason for the notification (please tick the appropriate box or boxes)      
                                                                               
An acquisition or disposal of voting rights                             X      
                                                                               
An acquisition or disposal of financial instruments which may result in N/A    
the acquisition of shares already issued to which voting rights are            
attached                                                                       
                                                                               
An event changing the breakdown of voting rights                        N/A    
                                                                               
Other (please specify):                                                 N/A    
                                                                               
3. Full name of person(s)                                                      
subject to                       SANDERSON ASSET MANAGEMENT LTD                
the notification obligation:                                                   
                                                                               
4. Full name of shareholder(s)                                                 
(if different from 3.):          THE SANDERSON INTERNATIONAL VALUE FUND        
                                                                               
                                 CATALPA INC                                   
                                                                               
                                 DYNAMIC MUTUAL FUNDS LTD - MARQUIS            
                                 INTERNATIONAL EQUITY FUND                     
                                                                               
                                 DYNAMIC MUTUAL FUNDS LTD - DYNAMIC EUROPEAN   
                                 VALUE FUND                                    
                                                                               
                                 WESTWOOD TRUST INTERNATIONAL FUND PERSONAL    
                                 TRUST                                         
                                                                               
                                 THE SANDERSON INTERNATIONAL VALUE GROUP TRUST 
                                                                               
                                 UNIVERSITY OF PITTSBURGH OF THE COMMONWEALTH  
                                 SYSTEM OF HIGHER EDUCATION                    
                                                                               
                                 THE REGENTS OF THE UNIVERSITY OF CALIFORNIA   
                                                                               
                                 THE SANDERSON INTERNATIONAL VALUE FUND        
                                 (BERMUDA) LIMITED                             
                                                                               
                                 WASHINGTON UNIVERSITY                         
                                                                               
                                 LITTLE HARBOR INVESTMENTS LLC                 
                                                                               
                                 CITIGROUP INC PENSION PLAN                    
                                                                               
                                 FEDEX CORPORATION                             
                                                                               
                                 WESTWOOD TRUST INTERNATIONAL FUND EMPLOYEE    
                                 BENEFIT TRUST                                 
                                                                               
                                 THE SANDERSON INTERNATIONAL VALUE TOBACCO FREE
                                 FUND                                          
                                                                               
                                 CORNELL UNIVERSITY                            
                                                                               
                                 NORTHWESTERN MEMORIAL HOSPITAL & AFFILIATES   
                                                                               
                                 THE ALFRED 1 DUPONT TESTAMENTARY TRUST        
                                                                               
5. Date of the transaction (and date on which    NOT DISCLOSED                 
the threshold is crossed or reached if                                         
different):                                                                    
                                                                               
6. Date on which issuer notified:                20/02/07(BY POST)             
                                                                               
7. Threshold(s) that is/are crossed or reached:  3%                            

8. Notified details:                                                           
                                                                               
A: Voting rights attached to shares                                            
                                                                               
Class/type of  Situation previous Resulting situation after the triggering     
shares         to the Triggering  transaction                                  
               transaction                                                     
(if possible                                                                   
using the ISIN Number of Number   Number of Number of voting   % of voting     
CODE)          shares    of       shares    rights             rights          
                         Voting                                                
                         Rights   Direct    Direct    Indirect Direct  Indirect
                                                                               
GB0007689002   -         -        4,034,400 4,034,400 0        3.90%   0%      

B: Financial Instruments                                                       
                                                                               
Resulting situation after the triggering transaction                           
                                                                               
Type of       Expiration    Exercise/Conversion Number of voting   % of voting 
financial     date          Period/Date         rights that may be rights      
instrument                                      acquired if the                
                                                instrument is                  
                                                exercised/                     
                                                converted                      
                                                                               
N/A           N/A           N/A                 N/A                N/A         

Total (A + B)                                                                  
                                                                               
Number of voting rights                 % of voting rights                     
                                                                               
4,034,400                               3.90%                                  

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

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

13. Additional information:         SANDERSON ASSET MANAGEMENT LTD ("SANDER    
                                    SON") ACTS AS INVESTMENT MANAGER FOR THE   
                                    CLIENTS DETAILED IN QUESTION 4 ABOVE (OUR  
                                    "CLIENTS"). IN ACTING FOR OUR CLIENTS,     
                                    SANDERSON ARE GIVEN FULL DISCRETION OVER   
                                    THEIR INVESTMENTS AND ARE EMPOWERED TO VOTE
                                    ON THEIR BEHALF. HOWEVER, WE DO NOT ACT AS 
                                    OUR CLIENTS' CUSTODIAN AND THEREFORE SHARES
                                    ARE NOT HELD IN OUR NAME BUT IN THE NAME OF
                                    EACH CLIENT'S CUSTODIAN BANK.              
                                                                               
14. Contact name:                   JAMES LONGBOTTOM                           
                                    RISK MANAGEMENT AND COMPLIANCE             
                                    SANDERSON ASSET MANAGEMENT LIMITED         
                                    HEATHCOTE HOUSE                            
                                    20 SAVILE ROW                              
                                    LONDON W1S 3PR                             
                                                                               
15. Contact telephone number:       0207 468 5961                              



Enquiries:

Philip Harris
Company Secretary, St Ives plc

(T) 020 7928 8844 x337

28 February 2007