Mears Group PLC 25 September 2007 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 MEARS GROUP PLC 2. Reason for the notification (please tick the appropriate box or boxes) An acquisition or disposal of voting rights (X) An acquisition or disposal of financial instruments which may ( ) result in the acquisition of shares already issued to which voting rights are attached An event changing the breakdown of voting rights ( ) Other (specify): ( ) 3. Full name of person(s) subject to the notification obligation: AEGON UK Group of Companies 4. Full name of shareholder(s) (if different from 3.) 5. Date of the transaction (and date on which the threshold is crossed or reached if different): 18 September 2007 6. Date on which issuer notified: 19 September 2007 7. Threshold(s) that is/are crossed or reached: 9-8% 8. Notified details: A. Voting rights attached to shares Class/type of shares (if possible using the Ordinary (GB000563420) ISIN code) Situation previous to Resulting situation after the triggering transaction the triggering ransaction Number of Number of Number of Number of voting % of voting rights Shares Voting shares rights Rights Direct Direct Indirect Direct Indirect 6,637,197 6,637,197 6,510,447 6,227,388 283,059 8.54 0.39 B. Financial Instruments Resulting situation after the triggering transaction Type of Expiration Exercise/ Number of voting % of voting financial date Conversion Period/ rights that may rights instrument Date be acquired if the instrument is exercised/ converted Total (A+B) Number of voting rights % of voting rights 6,510,447 8.93 9. Chain of controlled undertakings through which the voting rights and/ or the financial instruments are effectively held, if applicable: AEGON UK Group of companies - parent undertaking of: AEGON Asset Management UK plc AEGON Investment Management UK Ltd. AEGON ICVC Proxy Voting: 10. Name of the proxy holder: AEGON UK Group of Companies 11. Number of voting rights proxy 283,059 holder will cease to hold: 12. Date on which proxy holder 21/9/07 will cease to hold voting rights: 13. Additional information: AEGON UK Group of companies consists of: AEGON Asset Management UK plc AEGON Investment Management UK Ltd. AEGON ICVC 14: Contact name: Miranda Beacham 15. Contact telephone number: 0131 549 3460 This information is provided by RN