Holding(s) in Company

1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii

Arrow Global Group plc

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

x

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

An event changing the breakdown of voting rights

Other (please specify):

3. Full name of person(s) subject to thenotification obligation: iii

RBS Asset Management Limited

4. Full name of shareholder(s)  (if different from 3.):iv

RB Investments 1 LimitedRBS Special Opportunities Fund A LP

RBS Special Opportunities Fund B LP

RBS Special Opportunities Fund C LP

RBS Special Opportunities Fund D LP

RBS Special Opportunities Fund Employee LP

5. Date of the transaction and date onwhich the threshold is crossed orreached: v

24.03.2014

6. Date on which issuer notified:

24.03.2014

7. Threshold(s) that is/are crossed orreached: vi, vii

The holding has fallen below 3%

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type ofshares

if possible usingthe ISIN CODE

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

Numberof shares

Number of votingrights

% of voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

GB00BDGTXM47

41,712,397

41,712,397

0

0

0

0

0

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate xiii

Exercise/Conversion Period xiv

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financialinstrument

Exercise price

Expiration date xvii

Exercise/Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

0

0

9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi

RBS Special Opportunities Fund A LP, RBS Special Opportunities Fund B LP, RBS Special Opportunities Fund C LP, RBS Special Opportunities Fund D LP (the "SOF Funds") and RBS Special Opportunities Fund Employee LP (the "Employee Fund") (together, the "RBS Special Opportunities Funds") are controlled by, in the case of the SOF Funds, RBS Special Opportunities General Partner (England) Limited, and in the case of the Employee Fund, RBS Special Opportunities General Partner (Cayman) Limited (together, the "RBS GPs").

RBS Asset Management Limited acts as manager of the RBS GPs and therefore as manager of the RBS Special Opportunities Funds. It is entitled to exercise the voting rights attached to the ordinary shares in Arrow Global Group plc held by the RBS Special Opportunities Funds.

RB Investments 1 Limited, whose ultimate parent company is The Royal Bank of Scotland Group plc, holds the ordinary shares in Arrow Global Group plc as a nominee on behalf of the RBS Special Opportunities Funds.

Proxy 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:

Ian Gascoigne

15. Contact telephone number:

+44 (0)203 728 6741