Holding(s) in Company

Cranswick PLC 10 May 2007 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: CRANSWICK PLC 2. Reason for the notification (please state Yes/No): ( ) An acquisition or disposal of voting rights: ( ) An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached: ( ) An event changing the breakdown of voting rights: ( ) Other (please specify) : Reorganisation to externally managed funds ( X ) 3. Full name of person(s) subject to the notification obligation: BT Pension Scheme Trustees Limited as trustee of the BT Pension Scheme. See Section 9 for further information. 4. Full name of shareholder(s) (if different from 3.): N/A 5. Date of the transaction and date on which the threshold is crossed or reached if different): 8 May 2007 6. Date on which issuer notified: 9 May 2007 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 if possible using the the Triggering ISIN CODE transaction Number of shares Number of voting Rights Ord GBP 10 1,854,713 1,854,713 GB0002318888 Resulting situation after the triggering transaction Class/type of shares Number of shares Number of voting rights % of voting rights if possible using the ISIN CODE Direct Direct Indirect Direct Indirect 808,087 808,087 983,881 1.776% 2.162% B: Financial Instruments Resulting situation after the triggering transaction Type of Expiration Date Exercise/Conversion Number of voting % of voting financial Period/ Date rights that may be rights instrument acquired if the instrument is exercised/ converted. Total (A+B) Number of voting rights % of voting rights 1,791,968 3.938% 9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: BT Pension Scheme Trustees Limited is the parent undertaking of Britel Fund Trustees Limited, which is the parent undertaking of Hermes Pensions Management Limited. Hermes Pensions Management Limited is the parent undertaking of Hermes Assured Limited Hermes Equity Ownership Services Limited. 1. Hermes Equity Ownership Services Limited (voting rights held in this issuer: 0.338%) 2. Hermes Investment Management Limited (voting rights held in this issuer: 3.60%) 3. Hermes Assured Limited (included with number 2) Please see Section 13 for further information. Proxy Voting: 10. Name of the proxy holder: See Comment in Section 13. 11. Number of voting rights proxy holder will cease to hold: See Comment in Section 13. 12. Date on which proxy holder will cease to hold voting rights: See Comment in Section 13. 13. Additional information: Hermes Equity Ownership Services Limited holds the voting rights under a standing proxy contained in a services agreement for the provision of corporate governance services to various underlying clients. Hermes Investment Management Limited hold the voting rights under a standing proxy contained in investment management agreements with various underlying clients, which includes all the shares owned directly by BT Pension Scheme. This disclosure is made by BT Pension Scheme Trustees Limited, which is the ultimate parent undertaking for the purposes of DTR 5.2.1(e). 14. Contact name: Valerie Davidson / Margaret Moss 15. Contact telephone number: 020 7680 2177 / 020 7680 2125 Annex Notification Of Major Interests In Shares A: Identity of the person or legal entity subject to the notification obligation Full name (including legal form for legal entities): BT Pension Scheme Trustees Limited as trustee of the BT Pension Scheme and Hermes Pensions Management Limited Contact address (registered office for legal entities): Lloyds Chambers, 1 Portsoken Street, London E1 8HZ Phone number: 020 7702 0888 Other useful information (at least legal representative for legal persons): BT Pension Scheme Trustees Limited is the parent undertaking of the group of companies subject to the notification obligation as indirect holders of voting rights for the purpose of DTR 5.2.1(a) and 5.2.1(e) B: Identity of the notifier, if applicable Full name: Hermes Investment Management Limited as agent for BT Pension Scheme Trustees Limited Contact address: Lloyds Chambers, 1 Portsoken Street, London E1 8HZ Phone number: 020 7680 2177 / 020 7680 2125 Other useful information (e.g. functional relationship with the person or legal entity subject to the notification obligation): Hermes Investment Management Limited acts as investment manager and agent on behalf of BT Pension Scheme Trustees Limited C: Additional information : Please contact Valerie Davidson or Margaret Moss on the above number for further information. Copy to Company Secretary of Cranswick plc. Fax number: 01482 876 146 This information is provided by RNS The company news service from the London Stock Exchange

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Cranswick (CWK)
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