SHW AG 02.09.2016 18:31Dissemination of a Voting Rights Announcement, transmitted byDGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.---------------------------------------------------------------------------Notification of Major Holdings1. Details of issuer
SHW AGWilhelmstrasse 6773433 Aalen-WasseralfingenGermany
2. Reason for notification
X  Acquisition/disposal of shares with voting rights   Acquisition/disposal of instruments   Change of breakdown of voting rights   Other reason:
3. Details of person subject to the notification obligation
Name:                               City and country of registered office:Old Mutual Plc                      London                                    United Kingdom
4. Names of shareholder(s)holding directly 3% or more voting rights, if different from 3.
5. Date on which threshold was crossed or reached
31 Aug 2016
6. Total positions
                   % of voting      % of voting   total of        total                        rights   rights through  both in %    number of                   attached to      instruments    (7.a. +       voting                        shares  (total of 7.b.1      7.b.)    rights of                     (total of         + 7.b.2)                  issuer                         7.a.)Resulting               2.99 %                %     2.99 %      6436209situationPrevious                3.12 %                %     3.12 %            /notification
7. Notified details of the resulting situationa. Voting rights attached to shares (Sec.s 21, 22 WpHG)
ISIN          absolute                      in %                    direct        indirect        direct        indirect                  (Sec. 21  (Sec. 22 WpHG)      (Sec. 21  (Sec. 22 WpHG)                     WpHG)                         WpHG)DE000A1JBPV9                        192758             %          2.99 %Total         192758                        2.99 %
b.1. Instruments according to Sec. 25 para. 1 No. 1 WpHG
Type of         Expiration or   Exercise or           Voting      Votinginstrument      maturity date   conversion            rights   rights in                                period              absolute           %                                                                       %                                Total                                 0%
b.2. Instruments according to Sec. 25 para. 1 No. 2 WpHG
Type of      Expiration   Exercise or  Cash or         Voting   Votinginstrument   or maturity  conversion   physical        rights   rights             date         period       settlement    absolute     in %                                                                     %                                       Total                        0%
8. Information in relation to the person subject to the notificationobligation
  Person subject to the notification obligation is not controlled and does  itself not control any other undertaking(s) holding directly or  indirectly an interest in the (underlying) issuer (1.).  Full chain of controlled undertakings starting with the ultimate  controlling natural person or legal entity:
Name    % of voting rights         % of voting rights    Total of both (if      (if at least held 3%    through instruments (if  at least held 5% or                  or more)  at least held 5% or more)                more)
9. In case of proxy voting according to Sec. 22 para. 3 WpHG
Date of general meeting:Holding position after general         % (equals voting rights)meeting:
10. Other explanatory remarks:
02.09.2016 The DGAP Distribution Services include Regulatory Announcements,Financial/Corporate News and Press Releases.Archive at Language:     EnglishCompany:      SHW AG              Wilhelmstrasse 67              73433 Aalen-Wasseralfingen              GermanyInternet: End of Announcement                             DGAP News-Service ---------------------------------------------------------------------------