TR-1: Notifications of Major Interests in Shares

1: Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

Morgan Sindall Group plc

2: Reason for notification (yes/no)
An acquisition or disposal of voting rights		Yes
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached		Yes
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:	Old Mutual Plc
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):	04/08/2016
6. Date on which issuer notified:	08/08/2016
7. Threshold(s) that is/are crossed or reached:	Fallen below 5%

8: Notified Details
A: Voting rights attached to shares
Class/type of share If possible use ISIN code		GB0008085614

Situation previous to the triggering transaction
Number of shares		Number of voting rights
3,041,306		3,041,306

Resulting situation after the triggering transaction
Number of shares	Number of voting rights		Percentage of voting rights
	Direct	Indirect	Direct	Indirect
		1,848,689		4.14%

B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument	Expiration date	Exercise/ conversion period/date	No. of voting rights that may be acquired (if the instrument exercised/converted)	Percentage of voting rights
CFD			10,630	0.02%

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
N/A					Nominal	Delta

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

N/A

Proxy Voting:

10. Name of the proxy holder:

N/A

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

N/A

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

N/A

13. Additional information:

14. Contact name:

Clare Sheridan, Company Secretary

15. Contact telephone number:

020 7307 9200

Annex to Notification of Major Interests in Shares
A: Identity of the person or legal entity subject to the notification obligation
Full name (including legal form for legal entities)	Rose Coyle
Contact address (registered office for legal entities)
Phone number & email	0207 002 7503
Other useful information (at least legal representative for legal persons)

B: Identity of the notifier, if applicable
Full name	Rose Coyle
Contact address
Phone number & email	0207 002 7503
Other useful information (e.g. functional relationship with the person or legal entity subject to the notification obligation)

C: Additional information

A: Voting rights attached to shares