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Substantial Shareholdings

The Company has been notified of the following interests in 3% or more of its share capital:

  Shares %
BlackRock Investment Management (UK) Limited 2,521,329 10.03
Artemis Investment Management Limited 2,500,000 9.95
Standard Life Investments Limited 2,277,250 9.06
BlackRock UK Smaller Companies Fund 1,601,233 6.37
Montanaro Group 1,131,300 4.5