Holding(s) in Company

For filings with the FCA include the annex
For filings with issuer exclude the annex
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 attached:				Pendragon Plc GB00B1JQBT10
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 are attached					n/a
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments					n/a
An event changing the breakdown of voting rights					n/a
Other (please specify):					n/a
3. Full name of person(s) subject to the notification obligation: iii		UBS Investment Bank UBS Group AG
4. Full name of shareholder(s)  (if different from 3.):		UBS AG London Branch UBS Limited
5. Date of the transaction and date on which the threshold is crossed or reached:		28 September  2016
6. Date on which issuer notified:		30 September 2016
7. Threshold(s) that is/are crossed or reached:		5% Section (A+B+C)

8. Notified details:

A: Voting rights attached to shares

Class/type of shares if possible using the ISIN CODE

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of Shares

Number of Voting Rights

Number of shares

Number of voting rights

% of  voting rights

Direct

Direct

Indirect

Direct

Indirect

GB00B1JQBT10

Below Notifiable Threshold

Below Notifiable Threshold

-

-

60,955,697

-

4.22%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date

Exercise/ Conversion Period

Number of voting rights that may be acquired if the instrument is exercised/ converted.

% of voting rights

Right to recall lent shares

-

Anytime

17,557,672

1.22%

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date

Exercise/ Conversion period

Number of voting rights instrument refers to

% of voting rights

-

-

-

-

-

Nominal

Delta

-

-

Total (A+B+C)

Number of voting rights

Percentage of voting rights

78,513,369

5.44%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:
UBS Group AG is a group holding company for UBS Investment Bank business. Voting rights are held through its controlled undertakings as set out below. UBS AG:
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, Group Legal Advisor
15. Contact telephone number:	01623 725119