Travis Perkins PLC — Major Shareholding Notification 2018

Nov 5, 2018

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Travis Perkins (TPK)

Travis Perkins: TR1 Notification of Major Share Interest

05-Nov-2018 / 12:30 CET/CEST

Dissemination of a Regulatory Announcement, transmitted by EQS Group.

The issuer is solely responsible for the content of this announcement.

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TR-1: Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i
1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:			Travis Perkins plc (Company No. 00824821)
1b. Please indicate if the issuer is a non-UK issuer  (please mark with an "X" if appropriate)
Non-UK issuer
2. Reason for the notification (please mark the appropriate box or boxes with an "X")
An acquisition or disposal of voting rights						X
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			TIAA-CREF Investment Management, LLC on behalf of the accounts listed in Exhibit B. Teachers Advisors, LLC on behalf of the funds listed in Exhibit C. Nuveen Asset Management, LLC on behalf of the accounts listed in Exhibit D.
City and country of registered office (if applicable)			TIAA-CREF Investment Management, LLC - New York, USA Teachers Advisors, LLC. - New York, USA Nuveen Asset Management, LLC. - Chicago, USA
4. Full name of shareholder(s) (if different from 3.)v
Name			See Number 3.
City and country of registered office (if applicable)			See Number 3.
5. Date on which the threshold was crossed or reachedvi:			1 November 2018
6. Date on which issuer notified (DD/MM/YYYY):			2 November 2018
7. Total positions of person(s) subject to the notification obligation
	% of voting rights attached to shares (total of 8. A)	% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)		Total of both in % (8.A + 8.B)	Total number of voting rights of issuervii
Resulting situation on the date on which threshold was crossed or reached	4.155%	0%		4.155%	252,143,923
Position of previous notification (if applicable)	3.919%	0%		3.919%

8. 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 (Art 9 of Directive 2004/109/EC) (DTR5.1)		Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)			Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)		Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)
GB0007739609		10,475,466		0%			4.155%		0%
SUBTOTAL 8. A		10,475,466					4.155%
B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))
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
N/A		N/A	N/A			N/A			N/A
			SUBTOTAL 8. B 1			N/A			N/A
B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))
Type of financial instrument	Expiration datex		Exercise/ Conversion Period xi		Physical or cash settlementxii			Number of voting rights	% of voting rights
N/A	N/A		N/A		N/A			N/A	N/A
					SUBTOTAL 8.B.2			N/A	N/A

9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X")
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) issuerxiii				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 entityxiv (please add additional rows as necessary)
Namexv	% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial instruments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold
10. In case of proxy voting, please identify:
Name of the proxy holder		TIAA-CREF Investment Management, LLC/ Teachers Advisors, LLC/ Nuveen Asset Management, LLC
The number and % of voting rights held		N/A
The date until which the voting rights will be held		N/A
11. Additional informationxvi
The College Retirement Equities Fund ("CREF") hereby informs you that on November 1, 2018, CREF purchased 70,698 shares of Travis Perkins Plc bringing its total ownership to 2,107,582 or 0.836% of Travis Perkins Plc.  CREF owns these shares through three of its investment accounts: the Global Equities Account, the Stock Account and the Social Choice Account.  It is our understanding the total voting shares outstanding of Travis Perkins Plc is 252,143,923 bringing CREF's voting share ownership in Travis Perkins Plc to a 0.836% level. For your information, CREF is a U.S. based investment company, which is registered with the Securities and Exchange Commission ("SEC").  CREF has multiple investment accounts, each with separate investment objectives and policies.  All assets in the accounts are beneficially owned by CREF, and all the accounts are managed by TIAA-CREF Investment Management, LLC ("TCIM"), an SEC registered investment adviser. Additionally, on November 1, 2018 funds managed by an affiliate of CREF bought 325,212 shares of Travis Perkins Plc. This brings the total ownership of these affiliated funds to 8,366,873 voting shares or 3.318% of Travis Perkins Plc. These holdings are owned by mutual funds which are investment portfolios of the TIAA-CREF Funds or the TIAA-CREF Life Funds (collectively, the "Funds").  The Funds are SEC registered investment companies and the Funds are managed by Teachers Advisors, LLC ("TAL"), an SEC registered investment adviser that is affiliated with TCIM. In addition, Nuveen Asset Management, LLC ("NAM"), is an SEC registered investment adviser that is affiliated with TCIM and TAL, on November 1, 2018, NAM did not buy or sell any shares of Travis Perkins Plc and so its share ownership remains at 1,011 voting shares or 0.000% of Travis Perkins Plc held through the separate accounts that it advises. A total of 10,475,466 or 4.155% of the outstanding voting shares of Travis Perkins Plc are owned, in aggregate, by CREF and these affiliated funds and accounts. TAL and TCIM follow the same policies when voting on behalf of CREF and the Funds. Additionally, each of TAL, TCIM and NAM separately and independently vote all proxies for shares held in Travis Perkins Plc. We are therefore aggregating the holdings in Travis Perkins Plc as requested by the current FCA Disclosure and Transparency Rules for purposes of this form. (See Exhibit A)

Place of completion	TIAA-CREF Investment Management, LLC, 730 Third Avenue, New York, New York 10017-3206 USA
Date of completion	2 November 2018

Exhibit A

TIAA-CREF

Summary of Holdings of Travis Perkins plc

Between October 31, 2018 - November 1, 2018

	TIAA-CREF Investment Management LLC    ("CREF")
	Global Equities Account	Social Choice Account	Stock Account	Total CREF Holdings	Total CREF %
Holdings as of October 31, 2018	11,805	17,604	2,007,475	2,036,884	0.808%
Transactions as of November 1,  2018	-	-	70,698	70,698	0.028%
Holdings as of November 1, 2018	11,805	17,604	2,078,173	2,107,582	0.836%

	Teachers Advisors LLC
	TIAA-CREF International Equity Fund	TIAA-CREF International Equity Index Fund	TIAA-CREF Social Choice International Equity Fund	TIAA-CREF Life International Equity Fund	Nushares ESG International Developed Mkt Equity ETF	Total Mutual Funds  Holdings	Total Mutual Funds %
Holdings as of October 31, 2018	7,654,281	218,254	5,229	163,897	0	8,041,661	3.189%
Transactions as of November 1,  2018	318,142			7,070		325,212	0.129%
Holdings as of November 1, 2018	7,972,423	218,254	5,229	170,967	0	8,366,873	3.318%

	Aggregate Holding
	Total Holdings	Total %
Holdings as of October 31, 2018	10,078,545	3.997%
Transactions as of November 1,  2018	395,910	0.157%
Holdings as of November 1, 2018	10,474,455	4.154%

Total Voting Shares Outstanding 252,143,923

	Nuveen Asset Management, LLC (NAM)
	NAM	Total NAM Holdings	Total NAM%
Holdings as of October 31, 2018	1,011	1,011	0.000%
Transactions as of November 1,  2018
Holdings as of November 1, 2018	1,011	1,011	0.000%

Total Combined	Total Percentage
10,475,466	4.155%

Exhibit B

TIAA-CREF Investment Management, LLC

College Retirement Equities Fund ("CREF") *

• CREF Stock Account
• CREF Global Equities Account
• CREF Social Choice Account

*     Registered Investment Company

Exhibit C

Teachers Advisors, LLC

TIAA-CREF Funds *

• International Equity Fund
• International Equity Index Fund
• Social Choice International Equity Fund
• Nushares ESG International Developed Market Equity ETF

TIAA-CREF Life Funds *

• Life International Equity Fund

*     Registered Investment Company

Exhibit D

• Nuveen Asset Management, LLC*

*     Registered Investment Adviser.

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ISIN:	GB0007739609
Category Code:	HOL
TIDM:	TPK
LEI Code:	2138001I27OUBAF22K83
OAM Categories:	2.3. Major shareholding notifications
Sequence No.:	6436
EQS News ID:	741119

End of Announcement	EQS News Service

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