Holding(s) in Company

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

HMV 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

Channel Trustees Limited (as trustees of The Mamut Trust (of which the beneficiary is Alexander Mamut))

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

A&NN Capital Management Fund Limited

Deblanc Securities Limited

Henri Services Limited

Inure Enterprises Limited

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

30 November 2010

6. Date on which issuer notified:

30 November 2010

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

Holding has increased from more than 3% to more than 4%

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

Indirect

Direct xi

Indirect xii

Direct

Indirect

Ordinary shares of 1 penny

12,973,000

12,973,000

16,957,135

16,957,135

4.0032

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

16,957,135

4.0032

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

The management shares in A&NN Capital Management Fund Limited are held by A&NN Capital Management Limited, which is held by Iverna Limited, which is held by Channel Trustees Limited as trustees of The Mamut Trust (of which the beneficiary is Alexander Mamut).

Deblanc Securities Limited is owned by Iverna Limited as above

Henri Services Limited is owned by Iverna Limited as above.

Inure Enterprises Limited is owned by Dawn Key Limited (which is ultimately owned by A&NN Capital Management Fund Limited as above).

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:

Alastair Tulloch

15. Contact telephone number:

020 7318 1180