RNS Number : 6049H

Cairn Homes plc

18 August 2016

Standard Form TR-1

Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii: CAIRN HOMES PLC
2. Reason for the notification (please tick the appropriate box or boxes): [X] An acquisition or disposal of voting rights [ ] An acquisition or disposal of financial instruments [ ] An event changing the breakdown of voting rights [ ] Other (please specify)iii:
3. Details of person subject to the notification obligationiv :
Name: Alan McIntosh		City and country of registered office (if applicable):
4. Full name of shareholder(s) (if different from 3.)v: Emerald Everleigh Limited Partnership
5. Date on which the threshold was crossed or reachedvi: 16 August 2016
6. Date on which issuer notified: 17 August 2016
7. Threshold(s) that is/are crossed or reached: 3%
8. Total positions of person(s) subject to the notification obligation:
	% of voting rights attached to shares (total of 9.A)	% of voting rights through financial instruments (total of 9.B.1 + 9.B.2)	Total of both in % (9.A + 9.B)	Total number of voting rights of issuervii
Resulting situation on the date on which threshold was crossed or reached	3.5457%		3.5457%	689,274,623
Position of previous notification (if applicable)

9. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii:
A: Voting rights attached to shares
Class/type of shares ISIN code (if possible)	Number of voting rightsix					% of voting rights
	Direct			Indirect		Direct		Indirect
IE00BWY4ZF18				24,439,582				3.5457%
SUBTOTAL A				24,439,582				3.5457%
B 1: Financial Instruments according to Regulation 17(1)(a) of the Regulations
Type of financial instrument		Expiration datex	Exercise/ Conversion Periodxi			Number of voting rights that may be acquired if the instrument is exercised/converted.			% of voting rights
			SUBTOTAL B.1
B 2: Financial Instruments with similar economic effect according to Regulation 17(1)(b) of the Regulations
Type of financial instrument	Expiration datex		Exercise/ Conversion Period xi		Physical or cash settlementxii		Number of voting rights		% of voting rights
					SUBTOTAL B.2

10. Information in relation to the person subject to the notification obligation (please tick the applicable box):

[ ] Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer.^xiii

[X] Full chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held starting with the ultimate controlling natural person or legal entity^xiv:

Alan McIntosh is a beneficiary of the Landmark Trust, a discretionary trust constituted under English and Welsh law.  Weighbridge Trust Limited (a company incorporated in Guernsey) is the trustee of the Landmark Trust. 

Weighbridge Trust Limited (as trustee) is the 100% parent of Prime Developments Limited, a company incorporated in Guernsey.                                                                                                                                                     

The units in Emerald Opportunity Investment Fund are held by Prime Developments Limited. 

Emerald Opportunity Investment Fund is the sole limited partner and economic beneficiary of Emerald Everleigh Limited Partnership.

Emerald Everleigh Limited Partnership is the registered holder of the interests described in 9A.

11. In case of proxy voting: [name of the proxy holder] will cease to hold [% and number] voting rights as of [date]

12. Additional information^xvi:

Done at Dublin on 17 August 2016

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END HOLDGGDIRXBBGLI