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             no 
are attached                                                                             
                                                                                         
An acquisition or disposal of instruments with similar economic effect to             no 
qualifying financial instruments                                                         
                                                                                         
An event changing the breakdown of voting rights                                      no 
                                                                                         
Other (please specify):                                                               no 
                                                                                         

 

3. Full name of person(s) subject to the               Standard Life Investments Ltd    
notification obligation:iii                                                             
                                                                                        
4. Full name of shareholder(s)                               VIdacos Nominees           
 (if different from 3.):iv                                                              
                                                                                        
5. Date of the transaction and date on                                                  
which the threshold is crossed or                            29 November 2010           
reached: v                                                                              
                                                                                        
6. Date on which issuer notified:                            30 November 2010           
                                                                                        
7. Threshold(s) that is/are crossed or                              6%                  
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                                      19,560,                                
(GB00B1JQBT10) 39,775,280 39,775,280  18,560,195               20,192,630   2.80%   3.04%  
                                                      195                                  
                                                                                           
                                                                                           
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          
                                                                                        
               38,752,825                                     5.84%                     
                                                                                        


 

9. Chain of controlled undertakings through which the voting rights and/or the          
financial instruments are effectively held, if applicable: xxi                          
                                                                                        
                                                                                        

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:                                              
                                                                                        
                    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.