Substantial Shareholding

Shires Income PLC
20 November 2007

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES


1)   Name of company:  Shires Income plc

2)   Name of shareholder having a major interest: Legal & General Group Plc


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:  as above

4)   Name of the registered holder(s) and, if more than one holder, the
     number of shares held by each of them

      HSBC Global Custody Nominee (UK) Ltd A/c 357206         769,982
      HSBC Global Custody Nominee (UK) Ltd A/c 360509          40,000
      HSBC Global Custody Nominee (UK) Ltd A/c 636544           2,455
      HSBC Global Custody Nominee (UK) Ltd A/c 652355          92,616
      HSBC Global Custody Nominee (UK) Ltd A/c 747381          61,813
      HSBC Global Custody Nominee (UK) Ltd A/c 775245          97,594
      HSBC Global Custody Nominee (UK) Ltd A/c 866203          57,000
      HSBC Global Custody Nominee (UK) Ltd A/c 914945           5,915
      HSBC Global Custody Nominee (UK) Ltd A/c 969995          68,231
      HSBC Global Custody Nominee (UK) Ltd A/c 999392           6,069
                                                            1,201,675


5)   Number of shares/amount of stock acquired:  Disclosure made under
     Transparency Directive

6)   Percentage of issued class:

7)   Number of shares/amount of stock disposed

8)   Percentage of issued class

9)   Class of security: Ordinary 50p shares

10)  Date of transaction:  14 November 2007

11)  Date company informed:  19 November 2007

12)  Total holding following this notification:     1,201,675

13)  Total percentage holding of issued class following this notification:
     4.04%

14)  Any additional information

15)  Name of contact and telephone number for queries:  Sonia Paterson - 0141
     572 2700

16)  Name and signature of authorised company official responsible for
     making this notification: Graeme McDonald



     Date of notification:  20 November 2007





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