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                                            X
                                                                                        
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                       ODEY ASSET MANAGEMENT LLP
notification obligation:iii                                                             
                                                                                        
4. Full name of shareholder(s)                                                          
 (if different from 3.):iv                                                              
                                                                                        
5. Date of the transaction and date on                                                  
which the threshold is crossed or                                      22 SEPTEMBER 2010
reached: v                                                                              
                                                                                        
6. Date on which issuer notified:                                      23 SEPTEMBER 2010
                                                                                        
7. Threshold(s) that is/are crossed or                                               18%
reached: vi, vii                                                                        
                                                                                        


 

8. Notified details:                                                                    
                                                                                        
A: Voting rights attached to shares viii, ix                                            
                                                                                        
Class/type   Situation previous      Resulting situation after the triggering           
of           to the triggering       transaction                                        
shares       transaction                                                                
                                                                                        
             Number     Number       Number       Number of voting    % of  voting      
if possible  of         of           of shares    rights              rights x          
using        Shares     Voting                                                          
the ISIN                Rights       Direct       Direct xi  Indirect Direct Indirect   
CODE                                                         xii                        
                                                                                        
Ordinary                                                                                
Share                                                                                   
             60,676,143 60,676,143   60,676,143   60,171,143          9.30%             
(GB00B1JQBT)                                                                            
                                                                                        
                                                                                        
                                                                                        
                                                                                        
                                                                                        
B: Qualifying Financial Instruments                                                     
                                                                                        
Resulting situation after the triggering transaction                                    
                                                                                        
Type of        Expiration   Exercise/              Number of voting         % of voting 
financial      date xiii    Conversion Period xiv  rights that may be       rights      
instrument                                         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       Exercise  Expiration Exercise/      Number of voting       % of voting    
financial     price     date xvii  Conversion     rights instrument      rights xix, xx 
instrument                         period xviii   refers to                             
                                                                                        
                                                                                        
                                                                                        
                                                                                        
Contract for                                      57,850,000             Nominal Delta     
Difference                                                                              
(CFD)                                                                                   
                                                                         8.72%           
                                                                                        
                                                                                        
                                                                                        
Total (A+B+C)                                                                           
                                                                                        
Number of voting rights                    Percentage of voting rights                  
                                                                                        
Ordinary Shares +CFD                       18.02%                                       
                                                                                        


 

9. Chain of controlled undertakings through which the voting rights and/or the          
financial instruments are effectively held, if applicable: xxi                          
                                                                                        
                                                                                        
                                                                                        
Odey European Inc. holding is 8.72%. Odey Allegra International Fund holding is         
3.94%.                                                                                  
                                                                                        
All other fund holdings are less than 3%.                                               
                                                                                        
                                                                                        
                                                                                        
Proxy Voting:                                                                           
                                                                                        
10. Name of the proxy holder:                                                           
                                                                                        
11. Number of voting rights proxy holder will cease                                     
to hold:                                                                                
                                                                                        
12. Date on which proxy holder will cease to hold                                       
voting rights:                                                                          
                                                                                        
                                                                                        
                                                                                        
                                                                                        
13. Additional information:                                                             
                                                                                        
                                                                         RICHARD MALONEY
14. Contact name:                                                                       
                                                                           Pendragon PLC
                                                                                        
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.