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                                          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 notification obligation:iii         Schroders  
                                                                                plc     
                                                                                        
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    19 June 2012
reached: v                                                                              
                                                                                        
6. Date on which issuer notified:                                           20 June 2012
                                                                                        
7. Threshold(s) that is/are crossed or reached: vi, vii                                 
                                                                                        
                                                                             Below 10%  
                                                                                        


 

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                                                                                       
             186,865,323 144,276,323   184,865,323      N/A     142,276,323   N/A    9.999%  
(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, xx 
                                       period xviii       refers to                     
                                                                                        
                                                                                        
                                                                                        
                                                                         Nominal  Delta 
                                                                                        
                                                                                        
                                                                                        

 

Total (A+B+C)                                                                           
                                                                                        
        Number of voting rights                    Percentage of voting rights          
                                                                                        
              142,276,323                                    9.999%                     
                                                                                        


 

9. Chain of controlled undertakings through which the voting rights and/or the          
financial instruments are effectively held, if applicable: xxi                          
                                                                                        
Schroders Investment Management Limited 142,276,323               9.999%                
                                                                                        
                                                                                        
                                                                                        

 

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   The Shares referred to in section 9 are held in portfolios managed by  
information:       those firms on a discretionary basis for clients under investment    
                                         management agreements                          
                                                                                        
14. Contact                          Richard Maloney, Pendragon PLC                     
name:                                                                                   
                                                                                        
15. Contact                                                                             
telephone                                     01623 725200                              
number:                                                                                 
                                                                                        


 

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.