Holding(s) in Company

TR-1: Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS
1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:			FirstGroup Plc
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			Jupiter Asset Management Limited
City and country of registered office (if applicable)
4. Full name of shareholder(s) (if different from 3.)v
Name			Northern Trust Nominees Limited BNY Mellon Nominees Limited Chase Nominess State Street
City and country of registered office (if applicable)
5. Date on which the threshold was crossed or reachedvi:			03/04/2019
6. Date on which issuer notified (DD/MM/YYYY):			04/04/ 2019
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	Below 5%	0%		Below 5%	1,213,721,430
Position of previous notification (if applicable)	5.03%	0%		5.03%	1,204,769,527

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)
Ordinary Shares GB0003452173		N/A		60,568,279			N/A		Below 5%
SUBTOTAL 8. A		60,568,279					Below 5%
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

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
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)				X
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
Jupiter Fund Management Plc
Jupiter Fund Management Group Limited
Jupiter Asset Management Group Limited
Knightsbridge Asset Management Limited
Jupiter Investment Management Group Limited
Jupiter Asset Management Limited	Below 5%	0%	Below 5%
10. In case of proxy voting, please identify:
Name of the proxy holder		N/A
The number and % of voting rights held		N/A
The date until which the voting rights will be held		N/A
11. Additional informationxvi
Contact: Tobi Battrum, Jupiter Asset Management Limited Telephone Number: 0203 817 1584

Place of completion	London, UK
Date of completion	4 April 2019

Other Information

Information provided in accordance with the requirements of the FCA’s Disclosure Guidance and Transparency Rule (DGTR) 6.2.2AR: Legal Entity Identifier:  549300DEJZCPWA4HKM93 Classification as per DGTR 6 Annex 1R:  2.3 Enquiries: Sarah Steadman Share Schemes and Company Secretarial Assistant, FirstGroup plc [phone]