Holding(s) in Company (Correction)

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TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:		SHANKS GROUP PLC
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights			ü
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments
An event changing the breakdown of voting rights
Other (please specify):
3. Full name of person(s) subject to the notification obligation:	STERLING STRATEGIC VALUE FUND S.A., SICAV-RAIF
4. Full name of shareholder(s) (if different from 3.):
5. Date of the transaction and date on which the threshold is crossed or reached:	1 January 2017
6. Date on which issuer notified:	3 January 2017
7. Threshold(s) that is/are crossed or reached:	Below 3%

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


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:	This disclosure has been calculated based on total voting rights in issue in the amount of 609,580,890. On 1 January 2017, Notz, Stucki Europe S.A were appointed to act as alternative investment fund manager in respect of Sterling Strategic Value Fund S.A., SICAV RAIF's interest in the 25,925,000 shares in Shanks Group Plc. On that date Sterling Strategic Value Fund S.A., SICAV RAIF ceased to have a right to exercise, directly or indirectly, voting rights in relation to such shares. Such 25,925,000 shares are held by UBS Europe SE, Luxembourg Branch as depositary bank for Sterling Strategic Value Fund S.A., SICAV RAIF and Notz, Stucki Europe S.A. have discretion to exercise the voting rights attached to those shares.
14. Contact name:	Mr. Paolo Faraone or Mr.Girolamo Salice
15. Contact telephone number:	+352 26 27 11 1

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