For filings with the FCA include the annexFor filings with issuer exclude the annexTR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi1. Identity of the issuer or the underlying issuer Pendragon Plcof existing shares to which voting rights areattached:ii GB00B1JQBT102 Reason for the notification (please tick the appropriate box or boxes):An acquisition or disposal of voting rightsAn 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 toqualifying financial instrumentsAn event changing the breakdown of voting rights XOther (please specify):3. Full name of person(s) subject to the Norges Banknotification obligation:iii4. Full name of shareholder(s) N/A (if different from 3.):iv5. Date of the transaction and date onwhich the threshold is crossed or 07 July 2014reached: v6. Date on which issuer notified: 10 July 20147. Threshold(s) that is/are crossed or Below 5%reached: vi, vii8. Notified details:A: Voting rights attached to shares viii, ixClass/type Situation previous Resulting situation after the triggering transactionof to the triggeringshares transaction Number Number Number Number of voting % of voting rights xif possible of of of shares rightsusing Shares Votingthe ISIN Rights Direct Direct xi Indirect Direct IndirectCODE xiiGB00B1JQBT10 72,426,203 72,426,203 72,426,203 72,426,203 4.97%B: Qualifying Financial InstrumentsResulting situation after the triggering transactionType of Expiration Exercise/ Number of voting % of votingfinancial date xiii Conversion Period xiv rights that may be rightsinstrument acquired if the instrument is exercised/ converted.N/A N/A N/A N/A N/AC: Financial Instruments with similar economic effect to Qualifying FinancialInstruments xv, xviResulting situation after the triggering transactionType of Exercise price Expiration Exercise/ Number of voting rights % of voting rightsfinancial date xvii Conversion instrument refers to xix, xxinstrument period xviii Nominal DeltaN/A N/A N/A N/A N/A N/A N/ATotal (A+B+C)Number of voting rights Percentage of voting rights72,426,203 4.97%9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxiN/AProxy Voting:10. Name of the proxy holder: Norges Bank11. Number of voting rights proxy holder will cease N/Ato hold:12. Date on which proxy holder will cease to hold N/Avoting rights:13. Additional information: None14. Contact name: Richard Maloney15. Contact telephone number: 01623 725 119