Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES                                         
                                                                                        
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                                          02 APRIL 2014
reached: v                                                                              
                                                                                        
6. Date on which issuer notified:                                          03 APRIL 2014
                                                                                        
7. Threshold(s) that is/are crossed or                                               20%
reached: vi, vii                                                                        


8. Notified details:                                                                      
                                                                                          
A: Voting rights attached to shares viii, ix                                              
                                                                                          
Class/type of   Situation previous      Resulting situation after the triggering          
shares          to the triggering       transaction                                       
                transaction                                                               
                                                                                          
if possible     Number      Number      Number      Number of voting     % of  voting     
using           of          of          of shares   rights               rights x         
the ISIN CODE   Shares      Voting                                                        
                            Rights      Direct      Direct xi   Indirect Direct Indirect  
                                                                xii                       
                                                                                          
Ordinary Share                                                                            
                270,771,315 270,771,315 269,871,315 269,871,315          18.54%           
(GB00B1JQBT10)                                                                            
                                                                                          
                                                                                          
                                                                                          
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          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                                                               Nominal Delta    
Difference (CFD)                                    19,172,413                            
                                                                           1.32%          
                                                                                          
                                                                                          
                                                                                          
Total (A+B+C)                                                                             
                                                                                          
Number of voting rights                       Percentage of voting rights                 
                                                                                          
Ordinary Shares + CFD                         19.86%                                      
                                                                                          



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 7.29%. Odey Allegra International Fund holding is         
6.13%. 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
                                                                                        
15. Contact telephone number:                                              01623 725 119