Holding(s) in Company

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

McCarthy & Stone 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

Strategic Value Partners, LLC

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

Strategic Value Master Fund, Ltd.

Strategic Value Special Situations Master Fund II, L.P.

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

29 April 2016

6. Date on which issuer notified:

29 April 2016

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

Under 5%

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

37,287,470

37,287,470

N/A

N/A

N/A

Under 5%

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

N/A

Under 5%

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

This notification is being filed by Strategic Value Partners, LLC ("SVP"), a Delaware limited liability company.

The ordinary shares are directly held by Strategic Value Master Fund, Ltd. ("SVMF"), a Cayman Islands exempted company, and Strategic Value Special Situations Master Fund II, L.P. ("SSII"), a Cayman Islands exempted limited partnership. SVP is the Investment Manager of SVMF and exercises investment discretion over SVMF. SVP Special Situations II LLC ("SVP II") is the Investment Manager of SSII and exercises investment discretion over SSII. SVP is the managing member of SVP II.

SVP is an SEC- registered Investment Advisor and therefore falls within the equivalent exception in DTR 5.1.5. SVP II, a Delaware limited liability company, is a Relying Advisor.

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:

David Charnin, General Counsel & Chief Compliance Officer

15. Contact telephone number:

+1 203-618-3500