FORM 38.5(a) 
     DEALINGS BY CONNECTED EXEMPT PRINCIPAL TRADERS 
     WITH RECOGNISED INTERMEDIARY STATUS 
     DEALING IN A CLIENT-SERVING CAPACITY 
     (Rule 38.5(a) of the Takeover Code) 
     1.  KEY INFORMATION 
 Name of exempt principal           Royal Bank of Scotland N.V.
 trader                             London Branch(Subsidiary of RFS
                                    Holding N.V.)
 Company dealt in                   Shanks Group Plc
 Class of relevant security to      ORD GBP 0.10
 which the dealings being
 disclosed
 relate(Note 1)
 Date of dealing                    10 March 2010
     2.  DEALINGS (Note 2)
     (a)  Purchases and sales 
 Total number of securities purchased     Highest price paid(Note 3)     Lowest price paid(Note 3)
 510,000                                  1.1000 GBP                     10590 GBP
 Total number of securities         Highest price received(Note 3)     Lowest price received(Note 3)
 sold
 510,000                            1.1020 GBP                         1.0783 GBP
     (b)  Derivatives transactions (other than options) 
 Product           Long/short(Note 4)     Number of securities(Note 5)     Price per unit(Note 3)
 name,e.g. CFD
     (c)  Options transactions in respect of existing securities 
     (i)  Writing, selling, purchasing or varying 
 Product              Writing, selling,        Number of securities     Exercise     Type, e.g. American,     Expiry    
Option
 name,e.g. call       purchasing, varying      to which the option      price        European etc.            date      
moneypaid/received
 option               etc.                     relates(Note 5)                                                          
per unit(Note 3)
     (ii)  Exercising 
 Product name, e.g. call option     Number of securities     Exercise price per unit(Note 3)
     3.  OTHER INFORMATION 
     Agreements, arrangements or understandings relating to options or derivatives 
 Full details of any agreement, arrangement or understanding            between the person
 disclosing and any other person relating to the            voting rights of any relevant
 securities under any option referred            to on this form or relating to the voting rights
 or future            acquisition or disposal of any relevant securities to which any
 derivative referred to on this form is referenced. If none, this            should be stated.
 Date of disclosure                               11 March 2010
 Contact name                                     Costas Philippou
 Telephone number                                 (020) 7678 7687
 Name of offeree/offeror with which connected     Shanks Group Plc
 Nature of connection(Note 6)                     Corporate Broker
     Notes 
     The Notes on Form 38.5(a) can be viewed on the Takeover Panel's website at   www.thetakeoverpanel.org.uk