For filings with the FSA include the annexFor filings with issuer exclude the annexTR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi1. Identity of the issuer or the underlying issuer of existing shares to PENDRAGONwhich voting rights are attached:ii PLC2 Reason for the notification (please tick the appropriate box or boxes):An acquisition or disposal of voting rights XAn acquisition or disposal of qualifying financial instruments which may resultin the acquisition of shares already issued to which voting rights are attachedAn acquisition or disposal of instruments with similar economic effect to Xqualifying financial instrumentsAn event changing the breakdown of voting rightsOther (please specify):3. Full name of person(s) subject to the notification obligation: ODEY ASSETiii MANAGEMENT LLP4. Full name of shareholder(s) (if different from 3.):iv5. Date of the transaction and date on which the threshold is 8 Janaury 2014crossed or reached: v6. Date on which issuer notified: 9 January 20147. Threshold(s) that is/are crossed or reached: vi, vii 21%8. Notified details:A: Voting rights attached to shares viii, ixClass/type Situation previous Resulting situation afterof to the triggering the triggeringshares transaction transactionif possible Number Number Number Number of % of votingusing of of of shares voting rights xthe ISIN Shares Voting rightsCODE Rights Direct Direct xi Indirect xii Direct IndirectOrdinaryShares 353,161,950 353,161,950 274,590,320 274,590,320 19.08%(GB00B1JQBT)B: Qualifying Financial InstrumentsResulting 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 FinancialInstruments xv, xviResulting situation after the triggering transaction Type of financial Exercise Expiration Exercise/ Number of % of voting instrument price date xvii Conversion voting rights xix, period rights xx xviii instrument refers to Nominal Delta Contract for Difference 20,468,994 1.42% (CFD)Total (A+B+C) Number of voting rights Percentage of voting rights Ordinary Shares + CFD 20.50%9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxiOdey European Inc. holding is 7.48%. Odey Allegra International Fund holdingis 6.31%. 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 PLC15. Contact telephone number: 01623 725200Note: Annex should only be submitted to the FSA not the issuerAnnex: Notification of major interests in sharesxxiiA: Identity of the persons or legal entity subject to the notificationobligationFull name(including legal form of legal entities)Contact address(registered office for legal entities)Phone number & emailOther useful information(at least legal representative for legal persons)B: Identity of the notifier, if applicableFull nameContact addressPhone number & emailOther useful information(e.g. functional relationship with the person or legalentity subject to the notification obligation)C: Additional information
For notes on how to complete form TR-1 please see the FSA website.