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TR-1(i): 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):

Sovereign Reversions PLC 

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

An acquisition or disposal of voting rights: (  )

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) Issue of new ordinary shares ( X )

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

BT Pension Scheme Trustees Limited as trustee of the BT Pension Scheme

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

N/A

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

13 August 2009

6.     Date on which issuer notified:

14 August 2009

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

3%

  8.     Notified details:

A:     Voting rights attached to shares (viii), (ix)

Class/type of shares if possible using the ISIN CODE	Situation previous to the triggering transaction
	Number of shares	Number of voting Rights
GB008467432  0846743 Ord GBP 0.50 GB00B3MMW084 B3MMW08 New Ord GBP0.50	465,338	465,338

Resulting situation after the triggering transaction
Class/type of shares if possible using the ISIN CODE	Number of shares	Number of voting rights (ix)		% of voting rights (x)
	Direct	Direct (xi)	Indirect (xii)	Direct	Indirect
GB008467432  0846743 Ord GBP 0.50 GB00B3MMW084 B3MMW08 New Ord GBP0.50	465,338	465,338	N/A	3.073%	N/A

B:     Qualifying Financial Instruments

Resulting situation after the triggering transaction
Type of financial instrument	Expiration date (xiii)	Exercise/Conversion Period (xiv)	Number of voting rights that may be acquired if the instrument is exercised/ converted	% of voting rights

C:    Financial Instruments with similar economic effect to Qualifying Financial Instruments (xv), (xvi)

Resulting situation after the triggering transaction
Type of financial instrument	Exercise price	Expiration date (xvii)	Exercise/ Conversion period (xviii)	Number of voting rights instrument refers to	% of voting rights (xix), (xx)
					Nominal	Delta

Total (A+B+C)

Number of voting rights	% of voting rights
465,338	3.073%

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

N/A

Proxy Voting:

10.     Name of the proxy holder:

N/A

11.    Number of voting rights proxy holder will cease to hold:

N/A

12.     Date on which proxy holder will cease to hold voting rights:

N/A

13.     Additional information:

All voting rights held on behalf of the above entity are disclosed pursuant to DTR 5.1.2.

This disclosure is made by Hermes Investment Management Limited as agent on behalf of BT Pension Scheme Trustees Limited as trustee of the BT Pension Scheme

14.     Contact name:

Valerie Davidson / Margret Moss

15.     Contact telephone number:

020 7680 2177 / 020 7680 2125

ENDHOLUBURRKURWAAR