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      PENDRAGON 
which voting rights are attached:ii                                              PLC    
                                                                                        

 

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

 

An acquisition or disposal of voting rights                                             
                                                                                        
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            X  
qualifying financial instruments                                                        
                                                                                        
An event changing the breakdown of voting rights                                        
                                                                                        
Other (please specify):                                                                 
                                                                                        

 

3. Full name of person(s) subject to the notification obligation:        ODEY ASSET     
iii                                                                    MANAGEMENT LLP   
                                                                                        
4. Full name of shareholder(s)  (if different from 3.):iv                               
                                                                                        
5. Date of the transaction and date on which the threshold is         4 November 2011   
crossed or reached: v                                                                   
                                                                                        
6. Date on which issuer notified:                                     7 November 2011   
                                                                                        
7. Threshold(s) that is/are crossed or reached: vi, vii                     26%         
                                                                                        


 

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

 

Class/type     Situation previous                    Resulting situation after                 
of              to the triggering                          the triggering                      
shares             transaction                              transaction                        
                                                                                               
                                                                                               
if possible    Number      Number         Number             Number of           % of  voting  
using            of          of         of shares              voting              rights x    
the ISIN       Shares      Voting                              rights                          
CODE                       Rights                                                              
                                                                                               
                                                                                               
                                          Direct       Direct xi  Indirect xii Direct Indirect 
                                                                                               
Ordinary                                                                                       
Shares                                                                                         
             352,718,450 352,718,450   352,718,450    352,718,450              24.85%          
(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 financial    Exercise Expiration  Exercise/   Number of voting   % of voting 
      instrument         price   date xvii   Conversion  rights instrument  rights xix, 
                                            period xviii     refers to          xx      
                                                                                        
                                                                                        
                                                                                        
                                                                           Nominal Delta
                                                                                        
Contract for Difference                                     24,000,000      1.69%       
                                                                                        

 

Total (A+B+C)                                                                           
                                                                                        
        Number of voting rights                    Percentage of voting rights          
                                                                                        
         Ordinary Shares + CFD                               26.54%                     
                                                                                        


 

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 10.28%.  Odey Allegra International Fund holding          
is 6.91%.                                                                               
                                                                                        
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:                                                             
                                                                                        
14. Contact name:                                  Richard Maloney, 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.