Holding(s) in Company
TR-1(i): notification of major interests in shares
1. Identity of the issuer or the underlying issuer of existing shares to which
voting rights are attached (ii):
Tullett Prebon plc
2. Reason for the notification (please state Yes/No): ( )
An acquisition or disposal of voting rights (Yes)
An acquisition or disposal of financial instruments which may result in the
acquisitionof shares already issued to which voting rights are attached ( )
An event changing the breakdown of voting rights ( )
3. Full name of person(s) subject to the notification obligation (iii):
1) TIAA-CREF Investment Management, LLC on behalf of the accounts listed
at 4. below
2) Teachers Advisors, Inc. on behalf of the accounts listed at 4 below
4. Full name of shareholder(s) (if different from 3.) (iv):
1) TIAA-CREF Investment Management, LLC
College Retirement Equities Fund ("CREF")*
- CREF Stock Account
- CREF Global Equities Account
2) Teachers Advisors, Inc.
TIAA-CREF Institutional Mutual Funds*
- Institutional International Equity Fund
- Institutional International Equity Index Fund
TIAA-CREF Life Funds*
- Life International Equity Fund
TIAA-CREF Asset Management Commingled Funds Trust I
- TCAM-International Core Equity Fund**
- TCAM-Enhanced Small Cap International Equity Fund**
*Registered Investment Companies
** Unregistered Commingled Fund
5. Date of the transaction and date on which the threshold is crossed
or reached (v): 14/02/2008
6. Date on which issuer notified: 19/02/2008
7. Threshold(s) that is/are crossed or reached: 3%
8. Notified details:
A: Voting rights attached to shares
Class/type of shares Situation previous to the Triggering
if possible using the transaction (vi)
ISIN CODE
GB00B1H0DZ51 Number of Number of Voting Rights
Shares (viii)
5,818,910 5,818,910
Class/type of shares Resulting situation after the triggering
if possible using the transaction (vii)
ISIN CODE
Number of Number of voting rights % of voting
Shares (ix) rights
GB00B1H0DZ51 Direct Direct (x) Indirect (xi) Direct Indirect
6,469,720 6,469,720 3.04%
B: Financial Instruments
Resulting situation after the triggering transaction (xii)
Type of Expiration Exercise/ Number of voting % of voting
financial date Conversion Period/ rights that may be rights
instrument (xiii) Date (xiv) acquired if the
instrument is
exercised/
converted.
Total (A+B)
Number of voting rights % of voting rights
6,469,720 3.04%
9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable (xv):
The College Retirement Equities Fund ("CREF") hereby informs you that on
February 14, 2008, CREF purchased 650,810 shares of Tullett Prebon plc,
bringing its total holdings in your company to 5,205,484 shares. CREF owns
these shares through two of its investment accounts, the Global Equities
Account and the Stock Account. It is our understanding the total shares
outstanding of Tullett Prebon plc are 212,968,819 bringing CREF's ownership in
your company to a 2.44% level.
For your information, CREF is a U.S. based investment company, which is
registered with the Securities and Exchange Commission ("SEC"). CREF has
multiple investment accounts, each with separate investment objectives and
policies. All assets in the accounts are beneficially owned by CREF, and all
the accounts are managed by TIAA-CREF Investment Management, LLC, a SEC
investment adviser.
Additionally, affiliates of CREF own 1,264,236 shares in your company. These
shares are owned by the TIAA-CREF Institutional Mutual Funds ("Institutional
Funds"), and the TIAA-CREF Life Funds ("Life Funds"), each of which are SEC
registered mutual funds, as well as the TIAA-CREF Asset Management Commingled
Funds Trust I ("TCAM Funds"). The Institutional Funds, Life Funds and TCAM
Funds are managed by Teachers Advisors, Inc., a SEC registered investment
adviser, which is affiliated with TIAA-CREF Investment Management, LLC. These
affiliated funds, aggregated with those of CREF, own a total of 6,469,720, or
3.04% of the outstanding shares of your company. Because Teachers Advisors,
Inc. and TIAA-CREF Investment Management, LLC follow the same policies when
voting these funds, we are aggregating the holdings for this letter.
Proxy Voting:
10. Name of the proxy holder: Equitable Nominees Limited
11. Number of voting rights proxy holder will cease to hold: N/A
12. Date on which proxy holder will cease to hold voting rights: N/A
13. Additional information: None
14. Contact name: Jeffrey Shore
15. Contact telephone number: 704-988-3726