Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES 1. Identity of the issuer or the underlying issuerof existing shares to which voting rights are PENDRAGON PLCattached:ii 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 resultin the acquisition of shares already issued to which voting rights are attached An acquisition or disposal of instruments with similar economic effect toqualifying financial instruments An event changing the breakdown of voting rights Other (please specify): 3. Full name of person(s) subject to the ODEY ASSET MANAGEMENT LLPnotification obligation:iii 4. Full name of shareholder(s) (if different from 3.):iv 5. Date of the transaction and date onwhich the threshold is crossed or 02 APRIL 2014reached: v 6. Date on which issuer notified: 03 APRIL 2014 7. Threshold(s) that is/are crossed or 20%reached: vi, vii 8. Notified details: A: Voting rights attached to shares viii, ix Class/type of Situation previous Resulting situation after the triggeringshares to the triggering transaction transaction if possible Number Number Number Number of voting % of votingusing of of of shares rights rights xthe ISIN CODE Shares Voting Rights Direct Direct xi Indirect Direct Indirect xii Ordinary Share 270,771,315 270,771,315 269,871,315 269,871,315 18.54%(GB00B1JQBT10) B: Qualifying Financial Instruments Resulting situation after the triggering transaction Type of financial Expiration Exercise/ Number of voting % of votinginstrument date xiii Conversion Period xiv rights that may be rights acquired if the instrument is exercised/ converted. C: Financial Instruments with similar economic effect to Qualifying FinancialInstruments xv, xvi Resulting situation after the triggering transaction Type of Exercise Expiration Exercise/ Number of voting % of votingfinancial price date xvii Conversion rights instrument rights xix, xxinstrument period xviii refers to Contract for Nominal DeltaDifference (CFD) 19,172,413 1.32% Total (A+B+C) Number of voting rights Percentage of voting rights Ordinary Shares + CFD 19.86% 9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi Odey European Inc. holding is 7.29%. Odey Allegra International Fund holding is6.13%. All other fund holdings are less than 3%. 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: Richard Maloney 15. Contact telephone number: 01623 725 119