Holding(s) in Company

For filings with the FSA include the annex                                              
                                                                                        
For filings with issuer exclude the annex                                               
                                                                                        

 

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi                                         
                                                                                        

 

1. Identity of the issuer or the underlying issuer                                      
of existing shares to which voting rights are                           PENDRAGON PLC   
attached:ii                                                                             
                                                                                        

 

2 Reason for the notification (please tick the appropriate box or boxes):               
                                                                                        

 

An acquisition or disposal of voting rights                                        YES  
                                                                                        
An acquisition or disposal of qualifying financial instruments which may                
result in the acquisition of shares already issued to which voting rights               
are attached                                                                            
                                                                                        
An acquisition or disposal of instruments with similar economic effect to               
qualifying financial instruments                                                        
                                                                                        
An event changing the breakdown of voting rights                                        
                                                                                        
Other (please specify):                                                                 
                                                                                        

 

3. Full name of person(s) subject to the       JP Morgan Asset Management Holdings Inc.  
notification obligation:iii                                                              
                                                                                         
4. Full name of shareholder(s)                 JP Morgan Asset Management (UK) Limited   
 (if different from 3.):iv                                                               
                                                                                         
5. Date of the transaction and date on                                                   
which the threshold is crossed or                          7 February 2011               
reached: v                                                                               
                                                                                         
6. Date on which issuer notified:                          9 February 2011               
                                                                                         
7. Threshold(s) that is/are crossed or                       5% downwards                
reached: vi, vii                                                                         
                                                                                         


 

8. Notified details:
A: Voting rights attached to shares viii, ix

Class/type of   Situation previous                Resulting situation after              
shares           to the triggering                      the triggering                   
                    transaction                          transaction                     
                                                                                         
if possible      Number     Number    Number          Number of           % of  voting   
using              of         of     of shares          voting              rights x     
the ISIN CODE    Shares     Voting                      rights                           
                            Rights                                                       
                                      Direct    Direct xi  Indirect xii Direct  Indirect 
                                                                                         
Ordinary Share                                                                           
(GB00B1JQBT10) 65,504,148 65,504,148                         Below 5%           Below 5% 
                                                                                         
                                                                                         
                                                                                         
                                                                                         
                                                                                         
B: Qualifying Financial Instruments                                                      
                                                                                         
Resulting situation after the triggering transaction                                     
                                                                                         
Type of financial  Expiration        Exercise/           Number of voting    % of voting 
    instrument     date xiii   Conversion Period xiv    rights that may be      rights   
                                                         acquired if the                 
                                                          instrument is                  
                                                      exercised/ converted.              
                                                                                         
                                                                                         
                                                                                         

 

C: Financial Instruments with similar economic effect to Qualifying Financial           
Instruments xv, xvi                                                                     
                                                                                        
Resulting situation after the triggering transaction                                    
                                                                                        
Type of financial Exercise Expiration    Exercise/    Number of voting     % of voting  
   instrument      price    date xvii   Conversion    rights instrument  rights xix, xx 
                                       period xviii       refers to                     
                                                                                        
                                                                                        
                                                                                        
                                                                         Nominal  Delta 
                                                                                        
                                                                                        
                                                                                        

 

Total (A+B+C)                                                                           
                                                                                        
        Number of voting rights                    Percentage of voting rights          
                                                                                        
                Below 5%                                    Below 5%                    
                                                                                        


 

9. Chain of controlled undertakings through which the voting rights and/or the          
financial instruments are effectively held, if applicable: xxi                          
                                                                                        
Total discloseable holding for JP Morgan Asset Management Holdings Inc:  Below          
5%                                                                                      
                                                                                        
JP Morgan Asset Management (UK) Limited:                                                
                                                                                        
                                                                                        
                                                                                        

 

Proxy Voting:                                                                           
                                                                                        
10. Name of the proxy holder:                                                       N/A 
                                                                                        
11. Number of voting rights proxy holder will cease                                 N/A 
to hold:                                                                                
                                                                                        
12. Date on which proxy holder will cease to hold                                   N/A 
voting rights:                                                                          
                                                                                        

 

                                                                       N/A              
               13. Additional information:                                              
                                                                                        
                    14. Contact name:                            Richard Maloney        
                                                                                        
              15. Contact telephone number:                        01623 725200         
                                                                                        


 

Note: Annex should only be submitted to the FSA not the issuer                          
                                                                                        
Annex: Notification of major interests in sharesxxii                                    
                                                                                        

                                                                               

A: Identity of the persons or legal entity subject to the notification
obligation

Full name                                                                               
(including legal form of legal entities)                                                
                                                                                        
Contact address                                                                         
(registered office for legal entities)                                                  
                                                                                        
Phone number & email                                                                    
                                                                                        
Other useful information                                                                
(at least legal representative for legal persons)                                       
                                                                                        

 

B: Identity of the notifier, if applicable

Full name                                                                               
                                                                                        
Contact address                                                                         
                                                                                        
Phone number & email                                                                    
                                                                                        
Other useful information(e.g. functional relationship                                   
with the person or legal entity subject to the notification                             
obligation)                                                                             
                                                                                        

 

C: Additional information                                                               
                                                                                        
                                                                                        
                                                                                        

 

For notes on how to complete form TR-1 please see the FSA website.