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:

F&C Asset Management plc

2 Reason for the notification (please tick the appropriate box or boxes):

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):

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

FIL Limited

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

Brown Bros Harriman Ltd Lux

(FIL)                                           6,808,580
Brown Bros Harriman and Co

(FIJ)                                              931,964

JPMorgan, Bournemouth (FII)       1,344,775

JPMorgan, Bournemouth (FIL)      1,208,062

JPMorgan, Bournemouth (FISL)   11,087,765

Brown Bros Harriman Ltd Lux C

 (FIL)                                          1,239,767

JP Morgan, Bournemouth C (FIL)      75,503

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

25 January 2010

6. Date on which issuer notified:

26 January 2010

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

5%

8. Notified details:

A: Voting rights attached to shares

Class/type of
shares

if possible using
the ISIN CODE

Situation previous
to the triggering
transaction

Resulting situation after the triggering transaction

Number
of
Shares

Number
of
Voting
Rights

Number
of shares

Number of voting
rights

% of voting rights

Direct

Direct

Indirect

Direct

Indirect

Ordinary Shares


GB0004658141

24,387,216

24,387,216

22,696,416

22,696,416

4.65%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial
instrument

Expiration
date

Exercise/ 
Conversion Period

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

Resulting situation after the triggering transaction

Type of financial
instrument

Exercise price

Expiration date

Exercise/
Conversion period

Number of voting rights instrument refers to

% of voting rights

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

22,696,416

4.65%

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

See Section 4

Proxy Voting:

10. Name of the proxy holder:

FIL Limited

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

1,690,800

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

25 January 2010

13. Additional information:

14. Contact name:

Marrack Tonkin

15. Contact telephone number:

0131 718 1247