Brit Insurance Holdings Plc: Holding(s) in Company | Company Announcements

Friday 11 September, 2009

Brit Insurance Holdings Plc

Holding(s) in Company





Financial Services Authority


+-------------------------------------------------------------------+
| TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES                    |
|-------------------------------------------------------------------|
|                                          |                        |
|------------------------------------------+------------------------|
| 1. Identity of the issuer or the         |                        |
| underlying issuer                        |                        |
| of existing shares to which voting       |     Brit Insurance     |
| rights are                               |      Holdings Plc      |
| attached:                                |                        |
|                                          |                        |
|-------------------------------------------------------------------|
| 2. Reason for the notification (please tick the appropriate box   |
| or boxes):                                                        |
|-------------------------------------------------------------------|
| An acquisition or disposal of voting rights          |    Yes     |
|------------------------------------------------------+------------|
|                                                      |            |
| 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                  | Legal & General Group Plc (L&G) |
| notification obligation:        |                                 |
|---------------------------------+---------------------------------|
| 4. Full name of shareholder(s)  |    Legal & General Assurance    |
|  (if different from 3.):        |  (Pensions Management) Limited  |
|                                 |              (PMC)              |
|---------------------------------+---------------------------------|
|                                 |                                 |
| 5. Date of the transaction and  |                                 |
| date on                         |                                 |
| which the threshold is crossed  |        09 September 2009        |
| or                              |                                 |
| reached:                        |                                 |
|                                 |                                 |
|---------------------------------+---------------------------------|
| 6. Date on which issuer         |        11 September 2009        |
| notified:                       |                                 |
|---------------------------------+---------------------------------|
| 7. Threshold(s) that is/are     |                                 |
| crossed or                      |       From 3% - 4% (L&G)        |
| reached:                        |                                 |
|                                 |                                 |
+-------------------------------------------------------------------+



+------------------------------------------------------------------------------------------------------+
|8. Notified details:                                                                                  |
|                                                                                                      |
|------------------------------------------------------------------------------------------------------|
|A: Voting rights attached to shares                                                                   |
|------------------------------------------------------------------------------------------------------|
|Class/type of   |     Situation previous      | Resulting situation after the triggering transaction  |
|shares          |      to the triggering      |                                                       |
|if possible     |         transaction         |                                                       |
|using           |-----------------------------+-------------------------------------------------------|
|the ISIN CODE   |     Number      |  Number   |          |   Number of voting   | % of  voting rights |
|                |       of        |    of     |  Number  |        rights        |                     |
|                |     Shares      |  Voting   |of shares |----------------------+---------------------|
|                |                 |  Rights   |          |   Direct   |Indirect |   Direct   |Indirect|
|----------------+-----------------+-----------+----------+------------+---------+------------+--------|
|ORD             |                 |           |          |            |         |            |        |
|                |   12,519,124    |12,519,124 |12,756,262| 12,756,262 |         |    4.06    |        |
|GBP 0.75        |                 |           |          |            |         |            |        |
|------------------------------------------------------------------------------------------------------|
|                                                                                                      |
|------------------------------------------------------------------------------------------------------|
|B: Qualifying Financial Instruments                                                                   |
|------------------------------------------------------------------------------------------------------|
|Resulting situation after the triggering transaction                                                  |
|------------------------------------------------------------------------------------------------------|
|                         |               |                      |Number of voting       |             |
|Type of financial        |Expiration     |Exercise/             |rights that may be     |% of voting  |
|instrument               |date           |Conversion Period     |acquired if the        |rights       |
|                         |               |                      |instrument is          |             |
|                         |               |                      |exercised/ converted.  |             |
|-------------------------+---------------+----------------------+-----------------------+-------------|
|                         |               |                      |                       |             |
|------------------------------------------------------------------------------------------------------|
|                                                                                                      |
|------------------------------------------------------------------------------------------------------|
|C: Financial Instruments with similar economic effect to Qualifying Financial Instruments             |
|------------------------------------------------------------------------------------------------------|
|Resulting situation after the triggering transaction                                                  |
|------------------------------------------------------------------------------------------------------|
|                 |                |          |           |                         |                  |
|Type of financial|Exercise price  |Expiration|Exercise/  |Number of  voting  rights|% of voting rights|
|instrument       |                |date      |Conversion |instrument refers to     |                  |
|                 |                |          |period     |                         |                  |
|-----------------+----------------+----------+-----------+-------------------------+------------------|
|                 |                |          |           |                         |  Nominal  |Delta |
|                 |                |          |           |                         |-----------+------|
|                 |                |          |           |                         |           |      |
|------------------------------------------------------------------------------------------------------|
|                                                                                                      |
|------------------------------------------------------------------------------------------------------|
|Total (A+B+C)                                                                                         |
|------------------------------------------------------------------------------------------------------|
|Number of voting rights                             |Percentage of voting rights                      |
|----------------------------------------------------+-------------------------------------------------|
|                                                    |                                                 |
|                     12,756,262                     |                      4.06                       |
|                                                    |                                                 |
+------------------------------------------------------------------------------------------------------+



+-------------------------------------------------------------------+
| 9. Chain of controlled undertakings through which the voting      |
| rights and/or the                                                 |
| financial instruments are effectively held, if applicable:        |
|-------------------------------------------------------------------|
|                                                                   |
|                                                                   |
| Legal & General Group Plc (Direct and Indirect)                   |
| (Group)                                                           |
| Legal & General Investment Management (Holdings)                  |
| Limited (LGIMH) (Direct and Indirect)                             |
| Legal & General Investment Management Limited                     |
| (Indirect) (LGIM)                                                 |
|  Legal & General Group Plc (Direct) (L&G) (12,756,262 - 4.06 % =  |
|                         LGAS, LGPL & PMC)                         |
| Legal & General Investment         Legal & General Insurance      |
| Management (Holdings) Limited      Holdings Limited (Direct)      |
| (Direct) (LGIMHD) (11,493,768 -    (LGIH)                         |
| 3.66 % = PMC)                                                     |
| Legal & General Assurance          Legal & General Assurance      |
| (Pensions Management) Limited      Society Limited  (LGAS & LGPL) |
| (PMC) (11,493,768 - 3.66 % = PMC)                                 |
|                                    Legal & General Pensions       |
|                                    Limited (Direct)  (LGPL)       |
|-------------------------------------------------------------------|
|                                                                   |
|-------------------------------------------------------------------|
| Proxy Voting:                                                     |
|-------------------------------------------------------------------|
| 10. Name of the proxy holder:                  |       N/A        |
|------------------------------------------------+------------------|
| 11. Number of voting rights proxy holder will  |       N/A        |
| cease                                          |                  |
| to hold:                                       |                  |
|------------------------------------------------+------------------|
| 12. Date on which proxy holder will cease to   |       N/A        |
| hold                                           |                  |
| voting rights:                                 |                  |
|-------------------------------------------------------------------|
|                                                                   |
|-------------------------------------------------------------------|
| 13. Additional information: | Notification using the total voting |
|                             |    rights figure of 313,950,031     |
|                             |                                     |
|-----------------------------+-------------------------------------|
| 14. Contact name:           |         Helen Lewis (LGIM)          |
|-----------------------------+-------------------------------------|
| 15. Contact telephone       |            020 3124 3851            |
| number:                     |                                     |
+-------------------------------------------------------------------+

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