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 issuerof existing shares to which voting rights are Pendragon PLCattached:ii2 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 toqualifying financial instrumentsAn event changing the breakdown of voting rightsOther (please specify):3. Full name of person(s) subject to the GMT Capital Corpnotification obligation:iii4. Full name of shareholder(s) (if different from 3.):iv5. Date of the transaction and date onwhich the threshold is crossed or 09/04/2015reached: v6. Date on which issuer notified: 10/04/20157. Threshold(s) that is/are crossed or 7%reached: vi, vii8. Notified details:A: Voting rights attached to shares viii, ixClass/type Situation previous Resulting situation after the triggeringof to the triggering transactionshares transaction Number Number Number Number of voting % of votingif possible of of of shares rights rights xusing Shares Votingthe ISIN Rights Direct Direct Indirect Direct IndirectCODE xi xiiOrdinary 100,924,658 100,924,658 102,478,354 102,478,354 7.02%GB00B1JQBT10B: 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.C: Financial Instruments with similar economic effect to Qualifying FinancialInstruments xv, xviResulting situation after the triggering transactionType of Exercise price Expiration Exercise/ Number of voting % of votingfinancial date xvii Conversion rights instrument rights xix, xxinstrument period xviii refers to Nominal DeltaTotal (A+B+C)Number of voting rights Percentage of voting rights 102,478,354 7.02%9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxiBay Resource Partners LPBay li Resource Partners LPBay Resource Partners Offshore Master Fund LPLyxor/Bay Resource Partners Offshore Fund LPThomas ClaugusProxy Voting:10. Name of the proxy holder:11. Number of voting rights proxy holder will ceaseto hold:12. Date on which proxy holder will cease to holdvoting rights:13. Additional information:14. Contact name: Richard Maloney15. Contact telephone number: 01623 725119Note: Annex should only be submitted to the FCA 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 legal entity subject to thenotification obligation)C: Additional informationFor notes on how to complete form TR-1 please see the FCA website.