Holding(s) in Company

Pearson PLC 24 March 2003 Letter to RNS Notification of change in interest in shares We write in accordance with rule 9.12, under the continuing obligations section of the Listing Rules, to notify you that we have today received information that, pursuant to section 198 of the Companies Act 1985, the shareholding of The Capital Group Companies, Inc., which equals 100,372,299 shares, now represents 12.52% of the issued ordinary share capital of Pearson plc. The registered holders of the shares are listed on the schedules attached to this fax. From: Stephen Jones (Deputy Company Secretary) Letter to Pearson plc Dated 20 March 2003 SECTION 198 NOTIFICATION Notification of Increase This Notice is given by The Capital Group Companies, Inc, on behalf of its affiliates, including Capital Research and Management Company, Capital International, Inc., Capital International S.A., Capital International Limited, and Capital Guardian Trust Company, pursuant to Section 198 of the Companies Act 1985. The interest in the relevant share capital indicated below arises by virtue of holdings attributed to the Companies (see Schedule A). These holdings form part of funds managed on behalf of investment clients by the Companies. Share capital to which this relates: Ordinary Shares (801,645,307 shares outstanding) Number of shares in which the Companies have an interest: 100,372,299 Name(s) of registered holder(s): See Schedule B As of 20 March 2003 Pearson plc Number of Percent of Shares Outstanding The Capital Group Companies, Inc. ('CG') holdings 100,372,299 12.521% Holdings by CG Management Companies and Funds; • Capital Guardian Trust Company 64,653,851 8.065% • Capital International Limited 11,800,544 1.472% • Capital International S.A. 5,798,605 0.723% • Capital International, Inc. 9,332,027 1.164% • Capital Research and Management Company 8,787,272 1.096% Schedule A Schedule of holdings in Pearson plc As of 20 March 2003 Capital Guardian Trust Company Registered Name Local Shares State Street Nominees Limited 9,857,271 Bank of New York Nominees 1,537,933 Chase Nominees Limited 26,095,059 BT Globenet Nominees Ltd 606,035 Midland Bank plc 12,311,900 Cede & Co. 99,500 Deutsche Bank Mannheim 1,100 Bankers Trust 2,833,800 Barclays Bank 1,290,300 Citibank London 1,032,786 Nortrust Nominees 7,648,963 Royal Bank of Scotland 29,600 MSS Nominees Limited 113,400 State Street Bank & Trust Co. 75,400 Citibank NA 45,500 Deutsche Bank AG 2,100 HSBC Bank plc 15,000 ROY Nominees Limited 45,400 Mellon Nominees (UK) Limited 1,012,804 TOTAL 64,653,851 Schedule B Capital International Limited Registered Name Local Shares State Street Nominees Limited 369,062 Bank of New York Nominees 3,287,929 Northern Trust 419,835 Chase Nominees Limited 2,422,130 Midland Bank plc 74,500 Bankers Trust 1,220,958 Barclays Bank 55,100 Citibank London 21,300 Morgan Guaranty 200,559 Nortrust Nominees 1,808,964 Royal Bank of Scotland 8,100 MSS Nominees Limited 91,200 State Street Bank & Trust Co. 247,500 Lloyds Bank 37,100 Citibank NA 23,500 Deutsche Bank AG 680,036 HSBC Bank plc 526,930 Mellon Bank N.A. 48,316 KAS UK 37,125 Bank One London 146,300 Clydesdale Bank plc 74,100 TOTAL 11,800,544 Schedule B Capital International S.A. Registered Name Local Shares State Street Nominees Limited 10,636 Bank of New York Nominees 93,327 Chase Nominees Limited 2,087,737 Credit Suisse London Branch 20,000 Midland Bank plc 560,000 Barclays Bank 712,418 Citibank London 27,000 Brown Bros. 73,900 Nortrust Nominees 11,300 Morgan Stanley 12,900 Royal Bank of Scotland 1,062,118 MSS Nominees Limited 17,800 J.P. Morgan 475,600 State Street Bank & Trust Co. 72,600 National Westminster Bank 76,600 Lloyds Bank 85,800 Vidacos Nominees Ltd. 44,090 RBSTB Nominees Ltd. 31,027 Citibank NA 12,000 Deutsche Bank AG 138,752 HSBC Bank plc 173,000 TOTAL 5,798,605 Schedule B Capital International, Inc Registered Name Local Shares State Street Nominees Limited 2,990,819 Bank of New York Nominees 1,094,490 Chase Nominees Limited 2,495,740 Midland Bank plc 192,800 Deutsche Bank Mannheim 33,600 Bankers Trust 51,500 Citibank London 175,100 Nortrust Nominees 819,698 Royal Bank of Scotland 135,200 State Street Bank & Trust Co. 896,796 Citibank 33,700 RBSTB Nominees Ltd. 39,900 Citibank NA 237,657 Deutsche Bank AG 93,000 Chase Manhattan Nominee Ltd. 15,227 HSBC Bank plc 26,800 TOTAL 9,332,027 Schedule B Capital Research and Management Company Registered Name Local Shares State Street Nominees Limited 500,000 Chase Nominees Limited 8,287,272 TOTAL 8,787,272 Schedule B This information is provided by RNS The company news service from the London Stock Exchange

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Pearson (PSON)
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