Holding(s) in Company

Babcock International Group PLC
07 May 2008

TR-1i: 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):

Babcock International Group PLC



2. Reason for the notification (please state Yes/No):

Initial notification after acquisition of Resolution PLC by Pearl Group



3. Full name of person(s) subject to the notification obligation (iii):

Resolution Investment Services Limited



4. Full name of shareholder(s) (if different from 3.) (iv):

(•)



5. Date of the transaction and date on which the threshold is crossed or reached
(v):

06.05.08



6. Date on which issuer notified:

06.05.08



7. Threshold(s) that is/are crossed or reached:

3%



8. Notified details:

    Nominee holdings

A: Voting rights attached to shares


Class/type of shares if possible  Situation previous to the          Resulting situation after the
using the ISIN CODE               Triggering transaction (vi)        triggering  transaction (vi)


                                  Number of shares                   Number of voting Rights (viii)


GB0009697037






Resulting situation after the triggering transaction (vii)


Class/type of shares if      Number of shares         Number of voting rights (ix)      % of voting rights
possible using the ISIN CODE
                             Direct                   Direct (x)   Indirect (xi)        Direct      Indirect

                                                                   8,605,622                        3.75%






B: Financial Instruments

Resulting situation after the triggering transaction (xii)


Type of         Expiration Date       Exercise/Conversion       Number of voting rights     % of voting rights
financial       (xiii)                Period/ Date (xiv)        that may be acquired if the
instrument                                                      instrument is exercised/
                                                                converted.






Total (A+B)
Number of voting rights        % of voting rights
                               3.75%
8,605,622




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

Pearl Group Limited

Impala Holdings Limited

Resolution PLC

Resolution Asset Management Limited

Resolution Investment Services Limited (indirect)

Bank of New York Nominees Ltd (763,075  0.33%)

Vidacos Nominees Ltd (6,808,232  2.97%)

Mellon Bank NA (593,888  0.26%)

Nortrust Nominees Ltd (293,017  0.13%)

State Street Nominees (147,410  0.06%)



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:

Stanley Billiald



15. Contact telephone number:

020 7291 5016




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