Holding in Company

Shanks Group PLC 1 March 2001 SCHEDULE 10 NOTIFICATION OF MAJOR INTERESTS IN SHARES 1) Name of company Shanks Group plc 2) Name of shareholder having a major interest FMR Corp. and Fidelity International 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 Non-beneficial 4) Name of the registered holder(s) and, if more than one holder, the number of shares held by each of them State Street Nominees Ltd A/C FMTC 95,000 Clydedale Bank (Head Office) Nominees Ltd A/C FISL 3,125,026 Chase Nominees Ltd A/C FPM 1,962,400 Gracechurch Nominees A/C FPM 74,400 RBS Trust Bank A/C FPM 634,750 Nortrust Nominees Ltd A/C FPM 107,700 Bankers Trust A/C FPM 1,309,000 MSS Nominees Ltd A/C FPm 134,500 BT Globnet Nominees Ltd A/C FPM 60,600 Citibank A/C FPM 108,200 Nortrust Nominees Ltd A/C FIL 719,000 RBS Trust Bank A/C FIL 1,335,300 BT Globnet Nominees Ltd A/C FIL 251,000 Chase Nominees Ltd A/C FIL 1,024,300 Bankers Trust A/C FIL 107,800 Citybank A/C FIL 83,900 Bank of New York Europe A/C FIL 87,700 Clydedale Bank (Head Office) Nominees Ltd A/C FIL 3,480 Northern Trust A/C FIL 282,500 TOTAL 11,506,556 4.94% 5) Number of shares/amount of stock held 11,506,556 6) Percentage of issued class 4.94% 7) Number of shares/amount of stock disposed N/A 8) Percentage of issued class N/A 9) Class of security Ordinary 10p Shares 10) Date of transaction Not given 11) Date company informed 1 March 2001 12) Total holding following this notification 11,506,556 13) Total percentage holding of issued class following this notification 4.94% 14) Any additional information On behalf of various direct and indirect subsidiaries of FMR Corp. and Fidelity International Ltd and notifiable interests also comprise notifiable interest of Mr C Johnson 3rd, principal shareholder of FMR Corp. and Fidelity International Ltd. 15) Name of contact and telephone number for queries P Kaye 01628 524523 16) Name and signature of authorised company official responsible for making this notification P Kaye Date of notification 1 March 2001

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