RNS Number : 6764O

SSP Group PLC

31 January 2019

LEI: 213800QGNIWTXFMENJ24

TR-1: Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i
1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:			SSP Group Plc
1b. Please indicate if the issuer is a non-UK issuer  (please mark with an "X" if appropriate)
Non-UK issuer
2. Reason for the notification (please mark the appropriate box or boxes with an "X")
An acquisition or disposal of voting rights
An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights						X
Other (please specify)iii:
3. Details of person subject to the notification obligationiv
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.)v
Name			See attached breakdown
City and country of registered office (if applicable)
5. Date on which the threshold was crossed or reachedvi:			29 January 2019
6. Date on which issuer notified (DD/MM/YYYY):			30 January 2019
7. Total positions of person(s) subject to the notification obligation
	% of voting rights attached to shares (total of 8. A)	% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)		Total of both in % (8.A + 8.B)	Total number of voting rights of issuervii
Resulting situation on the date on which threshold was crossed or reached	4.97	0		4.97	466,998,937
Position of previous notification (if applicable)	5.02	0		5.02

8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii
A: Voting rights attached to shares
Class/type of shares ISIN code (if possible)		Number of voting rightsix					% of voting rights
		Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)		Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)			Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)		Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)
Ordinary shares ISIN: GB00BFWK4V16				23,225,984					4.97
SUBTOTAL 8. A		23,225,984					4.97
B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))
Type of financial instrument		Expiration datex	Exercise/ Conversion Periodxi			Number of voting rights that may be acquired if the instrument is exercised/converted.			% of voting rights
N/A
			SUBTOTAL 8. B 1
B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))
Type of financial instrument	Expiration datex		Exercise/ Conversion Period xi		Physical or cash settlementxii			Number of voting rights	% of voting rights
N/A
					SUBTOTAL 8.B.2

9. Information in relation to the person subject to the notification obligation (please mark the

applicable box with an "X")

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^xiii

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^xiv (please add additional rows as necessary)

X

Name^xv

% 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

Neil Ostrer

Jeremy Hosking

Marathon Asset Management (Services) Ltd

Marathon Asset Management LLP

4.97

0

4.97

10. In case of proxy voting, please identify:

Name of the proxy holder

The number and % of voting rights held

The date until which the voting rights will be held

11. Additional information^xvi

Breakdown of shares controlled by Marathon Asset Management LLP:

Custodian	Nominal
Bank of America Merrill Lynch	440,122
Bank of New York Mellon	5,351,722
Brown Brothers Harriman	17,148
JP Morgan Chase	1,121,016
Northern Trust	12,667,159
Royal Bank of Canada	20,479
State Street Bank & Trust Company, Boston	13,218,139
Total	32,835,785

The shares referred to in this disclosure correspond to a number of funds and accounts managed by portfolio managers under the control of Marathon Asset Management LLP.  Marathon Asset Management LLP is owned by William Arah, Neil Ostrer, Jeremy Hosking and Marathon Asset Management (Services) Limited.  Marathon Asset Management LLP controls a total of 32,835,785 shares on behalf of underlying investors but only has authority to vote in connection with 23,225,984 shares.

Place of completion	London
Date of completion	30 January 2019

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HOLLIFVALEILVIA