Sovereign Reversions - Holding(s) in Company

RNS Number:3280H

Sovereign Reversions PLC

08 November 2007

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: (No)

An acquisition or disposal of financial instruments which may result in the

acquisition of shares already issued to which voting rights are attached: (No)

An event changing the breakdown of voting rights: (No)

Other (please specify): (Yes) - Transferred to external manager

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

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

Section 9 for further information.

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 if different) (v):

6 November 2007

6. Date on which issuer notified:

7 November 2007

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

2%

8. Notified details:

A: Voting rights attached to shares

Class/type of shares if possible Situation previous to the Triggering transaction (vi)

using the ISIN CODE

Number of shares Number of voting Rights (viii)

0846743 707,000 707,000

GB0008467432

ORD GBP0.0050

Resulting situation after the triggering transaction (vii)

Class/type of shares if Number of shares Number of voting rights (ix) % of voting rights

possible using the ISIN CODE

Direct Direct (x) Indirect (xi) Direct Indirect

0846743 386,804 386,804 0 2.763% 0

GB0008467432

ORD GBP0.0050

B: Financial Instruments

Resulting situation after the triggering transaction (xii)

Type of Expiration Date Exercise/Conversion Number of voting rights % of voting rights

financial (xiii) Period/ Date (xiv) that may be acquired if the

instrument instrument is exercised/

converted.

Total (A+B)

Number of voting rights % of voting rights

386,804 2.763%

9. Chain of controlled undertakings through which the voting rights and/or

the financial instruments are effectively held, if applicable (xv):

BT Pension Scheme Trustees Limited is the parent undertaking of Britel Fund

Trustees Limited, which is the parent undertaking of Hermes Pensions Management

Limited. Hermes Pensions Management Limited is the parent undertaking of:

1. Hermes Investment Management Limited (voting rights held in this

issuer: 2.763%)

Please see Section 13 for further information.

Proxy Voting:

10. Name of the proxy holder:

See Comment in Section 13.

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

See Comment in Section 13.

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

See Comment in Section 13.

13. Additional information:

Hermes Investment Management Limited hold the voting rights under a standing

proxy contained in investment management agreements with various underlying

clients, which includes all the shares owned directly by BT Pension Scheme.

All voting rights held on behalf of the above entities are aggregated for the

purposes of DTR 5.2.1(a) and disclosed pursuant to DTR 5.1.5.

This disclosure is made by BT Pension Scheme Trustees Limited, which is the

ultimate parent undertaking for the purposes of DTR 5.2.1(e).

14. Contact name:

Bianca da Silva / Margaret Moss

15. Contact telephone number:

020 7680 2163 / 020 7680 2125

Annex Notification Of Major Interests In Shares xvi

A: Identity of the person or legal entity subject to the notification

obligation

Full name (including legal form for legal entities)

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

Hermes Pensions Management Limited.

Contact address (registered office for legal entities)

Lloyds Chambers, 1 Portsoken Street, London, E1 8HZ

Phone number

020 7702 0888

Other useful information (at least legal representative for legal persons)

BT Pension Scheme Trustees Limited is the parent undertaking of the group of

companies subject to the notification obligation as indirect holders of voting

rights for the purpose of DTR 5.2.1(a) and 5.2.1(e).

B: Identity of the notifier, if applicable xvii

Full name:

Hermes Investment Management Limited as agent for BT Pension Scheme Trustees

Limited

Contact address:

Lloyds Chambers, 1 Portsoken Street, London E1 8HZ

Phone number:

020 7680 2163 / 020 7680 2125

Other useful information (e.g. functional relationship with the person or legal

entity subject to the notification obligation):

Hermes Investment Management Limited acts as investment manager and agent on

behalf of BT Pension Scheme Trustees Limited

C: Additional information

Please contact Bianca da Silva / Margaret Moss on the above number for further

information.

Copy sent to Company Secretary of Sovereign Reversions PLC, Fax No: 01234

364433.

This information is provided by RNS

The company news service from the London Stock Exchange

END

HOLUWVNRBORARAA