Holding(s) in Company

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1a. Identity of the issuer or the underlying issuer of existing shares:

Shearwater Group PLC

Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate)

Reason for the notification (please mark the appropriate box or boxes with an "X")

An acquisition or disposal of shares	X
An acquisition or disposal of financial instruments
An event changing the breakdown of shares outstanding
Other (please specify):
3. Details of person subject to the notification obligation
Name	Schroders PLC
City and country of registered office (if applicable)	London , United Kingdom
4. Full name of shareholder(s) (if different from 3.)
Name
City and country of registered office (if applicable)
5. Date on which the threshold was crossed or reached:	09/07/2025
6. Date on which issuer notified (DD/MM/YYYY):	10/07/2025

Resulting situation on the date on which threshold was crossed or reached	9.653166%	9.653166%	2,300,000.00
Position of previous notification (if applicable)		10.808784%	10.808784%
A: Shares
Direct	Indirect	Direct	Indirect
Equity: GB00BKT6VH21		2,300,000.00	9.653166%
SUBTOTAL 8. A		2,300,000.00	9.653166%

B 1: Financial Instruments as an entitlement to acquire

B 2: Financial Instruments with similar economic effect

Schroder Administration Limited

Schroder Investment Management Limited	9.653166	9.653166
10. Additional information
Place of completion		London
Date of completion		10/07/2025

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