Holding(s) in Company

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:

Pearson 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

X

An event changing the breakdown of voting rights

Other (please specify)iii:

3. Details of person subject to the notification obligationiv

Name

The Goldman Sachs Group, Inc.

City and country of registered office (if applicable)

Corporation Trust Center, 1209 Orange Street,

Wilmington DE 19801, USA

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

Name

Goldman Sachs International

City and country of registered office (if applicable)

Peterborough Court, 133 Fleet Street, London

 EC4A 2BB, UK

5. Date on which the threshold was crossed or reachedvi:

12/11/2018

6. Date on which issuer notified (DD/MM/YYYY):

14/11/2018

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

0.54%

5.95%

6.50%

781,067,196

Position of previous notification (if

applicable)

0.59%

2.30%

2.89%

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 ofshares

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)

GB0006776081

3,890,511

0.50%

US7050151056

347,972

0.04%

SUBTOTAL 8. A

4,238,483

0.54%

B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))

Type of financial

instrument

Expirationdatex

Exercise/Conversion

Periodxi

Number of voting rights that may be acquired if the instrument is

exercised/converted.

% of voting rights

Securities Lending

Open

16,939,985

2.17%

Put Option

15-Feb-2019

1,000,000

0.13%

Call Option

21-Dec-2018

400,000

0.05%

SUBTOTAL 8. B 1

18,339,985

2.35%

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

Expirationdatex

Exercise/Conversion

Period xi

Physical or cash

settlementxii

Number of voting rights

% of voting rights

Refer to the

Annexure

SUBTOTAL 8.B.2

28,168,529

3.61%

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) issuerxiii

Full chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary)

X

Namexv

% 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

The Goldman Sachs Group, Inc.

Goldman Sachs (UK) L.L.C.

Goldman Sachs Group UK Limited

Goldman Sachs

International

3.72%

3.72%

The Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC

The Goldman Sachs Group, Inc.

GSAM Holdings LLC

Goldman Sachs Asset Management, L.P.

Goldman Sachs Asset Management International Holdings L.L.C.

Goldman Sachs Asset Management Co., Ltd.

The Goldman Sachs Group, Inc.

GSAM Holdings LLC

Goldman Sachs Asset Management, L.P.

10. In case of proxy voting, please identify:

Name of the proxy holder

N/A

The number and % of voting rights held

N/A

The date until which the voting rights will be held

N/A

11. Additional informationxvi

Please note, total amount of voting rights have been rounded to 2 decimal places therefore there is a possibility of a rounding error.

General email contact:

[email protected]

Place of completion

London

Date of completion

14/11/2018

Annexure

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

periodxi

Physical or cash

settlementxii

Number of voting rights

% of voting rights

CFD

10-Dec-2025

Cash

3,850,190

0.49%

CFD

23-Sep-2020

Cash

2,464,000

0.32%

CFD

10-Apr-2028

Cash

2,067,467

0.26%

Swap

7-May-2019

Cash

1,876,758

0.24%

CFD

20-Oct-2027

Cash

1,505,835

0.19%

CFD

15-Sep-2028

Cash

1,470,000

0.19%

Swap

28-Jul-2021

Cash

1,096,212

0.14%

Swap

28-Jul-2021

Cash

757,148

0.10%

CFD

9-Sep-2021

Cash

711,542

0.09%

Swap

21-May-2019

Cash

622,194

0.08%

Call Option

9-Jan-2019

Cash

435,693

0.06%

Swap

12-Oct-2023

Cash

397,330

0.05%

CFD

20-Oct-2027

Cash

384,473

0.05%

CFD

20-Oct-2027

Cash

384,147

0.05%

CFD

15-Nov-2028

Cash

368,890

0.05%

Swap

7-May-2019

Cash

360,243

0.05%

CFD

21-Jun-2028

Cash

337,751

0.04%

CFD

15-Jul-2021

Cash

328,703

0.04%

CFD

16-Jun-2028

Cash

328,703

0.04%

Call Option

15-Jan-2019

Cash

310,801

0.04%

CFD

27-Oct-2027

Cash

297,682

0.04%

Swap

7-May-2019

Cash

274,507

0.04%

CFD

17-Jul-2020

Cash

272,685

0.03%

CFD

24-Mar-2028

Cash

259,000

0.03%

CFD

19-May-2027

Cash

253,415

0.03%

Swap

3-Feb-2023

Cash

250,801

0.03%

CFD

10-Apr-2028

Cash

246,251

0.03%

Call Option

11-Jan-2019

Cash

235,766

0.03%

CFD

27-Sep-2028

Cash

217,594

0.03%

CFD

9-Sep-2021

Cash

208,879

0.03%

CFD

23-Aug-2028

Cash

204,000

0.03%

Swap

28-Jul-2021

Cash

203,317

0.03%

Swap

2-Feb-2023

Cash

198,606

0.03%

Swap

28-Jul-2021

Cash

170,231

0.02%

CFD

12-Jul-2023

Cash

158,153

0.02%

CFD

12-Jun-2028

Cash

156,757

0.02%

Swap

28-Jul-2021

Cash

131,070

0.02%

Swap

7-May-2019

Cash

128,958

0.02%

CFD

25-Apr-2019

Cash

124,313

0.02%

CFD

25-Feb-2027

Cash

122,707

0.02%

Swap

17-Sep-2020

Cash

120,551

0.02%

Swap

5-Sep-2019

Cash

120,300

0.02%

Swap

3-Feb-2023

Cash

117,797

0.02%

CFD

15-Nov-2028

Cash

116,110

0.01%

Swap

13-Oct-2023

Cash

113,548

0.01%

Swap

22-Mar-2019

Cash

113,300

0.01%

CFD

17-Jul-2028

Cash

103,200

0.01%

CFD

20-Oct-2021

Cash

99,750

0.01%

Swap

2-Feb-2023

Cash

93,281

0.01%

CFD

1-Mar-2028

Cash

92,210

0.01%

CFD

10-Mar-2028

Cash

89,945

0.01%

Swap

14-Jun-2023

Cash

86,565

0.01%

Swap

12-Jul-2023

Cash

84,590

0.01%

CFD

26-Nov-2021

Cash

80,948

0.01%

CFD

11-Aug-2023

Cash

77,077

0.01%

Swap

7-May-2019

Cash

74,747

0.01%

Swap

7-Jul-2023

Cash

73,094

0.01%

Swap

5-Sep-2019

Cash

72,000

0.01%

CFD

25-Apr-2019

Cash

69,385

0.01%

Swap

3-Feb-2023

Cash

68,758

0.01%

CFD

5-Nov-2027

Cash

64,825

0.01%

CFD

10-Jul-2019

Cash

63,409

0.01%

Swap

7-May-2019

Cash

59,699

0.01%

Swap

15-Jun-2023

Cash

57,709

0.01%

CFD

1-Mar-2028

Cash

56,462

0.01%

Swap

5-Sep-2019

Cash

55,700

0.01%

CFD

17-Jul-2028

Cash

55,000

0.01%

Swap

2-Feb-2023

Cash

54,448

0.01%

CFD

14-Jan-2021

Cash

51,561

0.01%

CFD

27-Feb-2023

Cash

50,572

0.01%

CFD

25-Apr-2019

Cash

50,000

0.01%

CFD

27-Feb-2023

Cash

45,370

0.01%

Swap

1-Feb-2023

Cash

43,214

0.01%

CFD

14-Jan-2021

Cash

42,705

0.01%

Swap

21-Nov-2018

Cash

42,200

0.01%

CFD

25-Apr-2019

Cash

41,002

0.01%

Swap

14-Jun-2023

Cash

40,052

0.01%

CFD

17-Jul-2023

Cash

39,200

0.01%

Call Option

19-Nov-2018

Cash

38,255

0.005%

Swap

12-Jul-2023

Cash

37,897

0.005%

CFD

27-Feb-2023

Cash

37,815

0.005%

CFD

10-Mar-2028

Cash

35,611

0.005%

CFD

21-Jul-2028

Cash

34,000

0.004%

Swap

7-Jul-2023

Cash

32,746

0.004%

CFD

14-Jul-2023

Cash

30,500

0.004%

Swap

12-Jun-2023

Cash

30,225

0.004%

CFD

25-Feb-2027

Cash

29,702

0.004%

CFD

25-Apr-2019

Cash

29,469

0.004%

CFD

30-Oct-2028

Cash

28,773

0.004%

Swap

15-Jun-2023

Cash

26,702

0.003%

CFD

1-Nov-2028

Cash

26,197

0.003%

CFD

13-Sep-2028

Cash

26,000

0.003%

CFD

6-Jul-2023

Cash

25,488

0.003%

CFD

1-Nov-2028

Cash

25,474

0.003%

CFD

25-Apr-2019

Cash

24,541

0.003%

CFD

26-Nov-2021

Cash

24,179

0.003%

Swap

14-Jun-2023

Cash

23,383

0.003%

Swap

12-Jul-2023

Cash

22,173

0.003%

CFD

21-Jan-2028

Cash

22,165

0.003%

CFD

25-Sep-2028

Cash

21,600

0.003%

CFD

17-Jul-2023

Cash

20,900

0.003%

Swap

1-Feb-2023

Cash

20,297

0.003%

CFD

27-Feb-2023

Cash

19,800

0.003%

Swap

7-Jul-2023

Cash

19,160

0.002%

Swap

5-Sep-2019

Cash

18,900

0.002%

CFD

11-Oct-2028

Cash

17,441

0.002%

Swap

7-May-2019

Cash

16,302

0.002%

Swap

28-Mar-2019

Cash

16,200

0.002%

Swap

22-May-2020

Cash

16,129

0.002%

Swap

30-Apr-2019

Cash

15,800

0.002%

Swap

22-May-2020

Cash

15,796

0.002%

Swap

15-Jun-2023

Cash

15,589

0.002%

CFD

11-Nov-2020

Cash

15,090

0.002%

CFD

21-Jul-2028

Cash

15,000

0.002%

CFD

18-Sep-2019

Cash

15,000

0.002%

CFD

19-Oct-2028

Cash

15,000

0.002%

Swap

28-Nov-2018

Cash

14,300

0.002%

Swap

17-Sep-2020

Cash

14,153

0.002%

Swap

12-Jun-2023

Cash

13,985

0.002%

Swap

3-Nov-2021

Cash

12,609

0.002%

Swap

22-May-2020

Cash

12,597

0.002%

Swap

1-Feb-2023

Cash

11,847

0.002%

CFD

26-Jun-2019

Cash

11,475

0.001%

Swap

29-Nov-2018

Cash

10,900

0.001%

CFD

28-Oct-2020

Cash

10,812

0.001%

Swap

5-Sep-2019

Cash

10,800

0.001%

Swap

6-Feb-2019

Cash

10,500

0.001%

CFD

21-Oct-2021

Cash

9,890

0.001%

Call Option

20-Nov-2018

Cash

9,345

0.001%

Swap

12-Oct-2023

Cash

8,622

0.001%

Swap

12-Jun-2023

Cash

8,165

0.001%

Call Option

21-Nov-2018

Cash

7,938

0.001%

Swap

22-May-2020

Cash

7,925

0.001%

CFD

25-Apr-2019

Cash

7,650

0.001%

Swap

22-May-2020

Cash

7,437

0.001%

Swap

22-May-2020

Cash

6,834

0.001%

CFD

25-Oct-2028

Cash

6,257

0.001%

Swap

22-May-2020

Cash

6,153

0.001%

CFD

27-Jan-2028

Cash

5,788

0.001%

CFD

15-Dec-2027

Cash

5,000

0.001%

CFD

8-Mar-2028

Cash

5,000

0.001%

CFD

12-May-2028

Cash

5,000

0.001%

CFD

3-Nov-2028

Cash

4,984

0.001%

CFD

10-Nov-2028

Cash

4,944

0.001%

Swap

22-May-2020

Cash

4,774

0.001%

CFD

27-Oct-2028

Cash

4,511

0.001%

Swap

22-May-2020

Cash

3,941

0.001%

Swap

5-Sep-2019

Cash

3,900

0.0005%

Swap

3-Nov-2021

Cash

3,634

0.0005%

CFD

25-Apr-2019

Cash

3,060

0.0004%

Swap

22-May-2020

Cash

3,050

0.0004%

CFD

2-Nov-2028

Cash

2,900

0.0004%

Swap

22-May-2020

Cash

2,857

0.0004%

Swap

3-Nov-2021

Cash

2,556

0.0003%

CFD

29-Sep-2028

Cash

2,500

0.0003%

CFD

28-Oct-2020

Cash

2,350

0.0003%

CFD

28-Oct-2020

Cash

2,350

0.0003%

Swap

3-Nov-2021

Cash

2,214

0.0003%

Swap

22-May-2020

Cash

1,768

0.0002%

CFD

13-Nov-2028

Cash

1,600

0.0002%

CFD

26-Oct-2028

Cash

1,547

0.0002%

CFD

27-Jan-2028

Cash

1,438

0.0002%

CFD

27-Jan-2028

Cash

1,351

0.0002%

CFD

15-Nov-2028

Cash

1,100

0.0001%

CFD

18-Sep-2028

Cash

907

0.0001%

CFD

13-Nov-2019

Cash

830

0.0001%

CFD

27-Jan-2028

Cash

598

0.0001%

Swap

22-May-2020

Cash

461

0.0001%

Swap

22-May-2020

Cash

419

0.0001%

CFD

8-Nov-2028

Cash

400

0.0001%

Swap

22-May-2020

Cash

329

0.00004%

Swap

22-May-2020

Cash

323

0.00004%

CFD

27-Oct-2028

Cash

300

0.00004%

CFD

9-Nov-2028

Cash

300

0.00004%

CFD

10-Nov-2028

Cash

300

0.00004%

CFD

27-Sep-2028

Cash

200

0.00003%

CFD

27-Sep-2028

Cash

123

0.00002%

CFD

5-Oct-2028

Cash

122

0.00002%

CFD

27-Sep-2028

Cash

90

0.00001%

CFD

6-Oct-2028

Cash

82

0.00001%

CFD

2-Oct-2028

Cash

61

0.00001%

CFD

23-Oct-2028

Cash

19

0.000002%

Total Number of voting rights and percentage of voting rights

28,168,529

3.61%

Additional information: Please note, total amount of voting rights have been rounded to 2 decimal places therefore there is a possibility of a rounding error.