Irish Continental Group plc : Holding(s) in Com...

2 December 2016

Pursuant to its obligations under the Transparency (Directive 2004/109/EC) Regulations 2007 ("The Regulations"), Irish Continental Group plc sets out below details of a notification received under The Regulations.

Tom Corcoran

Company Secretary

Standard Form TR-1

Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the Central Bank of Ireland)
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: Irish Continental Group
2. Reason for the notification (please tick the appropriate box or boxes): [ X ] An acquisition or disposal of voting rights [ ] An acquisition or disposal of financial instruments [ ] An event changing the breakdown of voting rights [ ] Other (please specify):
3. Details of person subject to the notification obligation:
Name: Marathon Asset Management LLP		City and country of registered office (if applicable): London, UK
4. Full name of shareholder(s) (if different from 3.): See attached breakdown
5. Date on which the threshold was crossed or reached: 30 November 2016
6. Date on which issuer notified: 2 December 2016
7. Threshold(s) that is/are crossed or reached: 7%
8. Total positions of person(s) subject to the notification obligation:
	% of voting rights attached to shares (total of 9.A)		% of voting rights through financial instruments (total of 9.B.1 + 9.B.2)	Total of both in % (9.A + 9.B)	Total number of voting rights of issuer
Resulting situation on the date on which threshold was crossed or reached	6.98		0	6.98	188,262,890
Position of previous notification (if applicable)	7.03		0	7.03

9. Notified details of the resulting situation on the date on which the threshold was crossed or reached:
A: Voting rights attached to shares
Class/type of shares ISIN code (if possible)	Number of voting rights					% of voting rights
	Direct			Indirect		Direct		Indirect
Ordinary Shares (IE00BLP58571)	15,305,197			13,132,741		8.13		6.98
SUBTOTAL A				13,132,741				6.98
B 1: Financial Instruments according to Regulation 17(1)(a) of the Regulations
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
None
			SUBTOTAL B.1
B 2: Financial Instruments with similar economic effect according to Regulation 17(1)(b) of the Regulations
Type of financial instrument	Expiration date		Exercise/ Conversion Period		Physical or cash settlement		Number of voting rights			% of voting rights
None
					SUBTOTAL B.2

10. Information in relation to the person subject to the notification obligation (please tick the applicable box):

[ ] Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer.

[ ] Full chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held starting with the ultimate controlling natural person or legal entity:

Name	% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial instruments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold
William Arah
Jeremy Hosking
Neil Ostrer
Marathon Asset Management LLP	6.98	0	6.98

11. In case of proxy voting: [name of the proxy holder] will cease to hold [% and number] voting rights as of [date]

12. Additional information:

Breakdown of Holdings:

Custodian	Nominal
Bank of New York Mellon	2,404,274
BNP Paribas Securities Services	90,839
Brown Brothers Harriman	170,093
JP Morgan Chase	739,936
HSBC	1,374,150
Northern Trust	6,706,039
Royal Bank of Canada	18,992
State Street Bank & Trust Company, Boston	3,800,874
Total	15,305,197

The provided breakdown of holdings refer to the total number of shares in Irish Continental Group managed by the portfolio managers of Marathon Asset Management LLP.  No portfolio manager controls directly a disclosable position.  The total includes 2,172,456 shares for which clients have retained the right to vote.
Done at London on 2^nd December 2016.

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This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Irish Continental Group plc via Globenewswire