Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

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

Better Capital PCC Limited

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

An acquisition or disposal of voting rights

√

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):

CHANGE TO THE NUMBER OF VOTING RIGHTS IN ISSUE, FOLLOWING THE RECENT CORPORATE RESTRUCTURE.

√

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

Aviva plc & its subsidiaries

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

Registered Holder:

Ord NPV (2009 cell)

BNY Norwich Union Nominees Limited 1,661,597*

Chase (GA Group) Nominees Limited 10,225,927*

* denotes direct interest

Ord NPV (2012 cell)

BNY (Nominees) Limited 90,726*

BNY Norwich Union Nominees Limited 681,956*

Chase (GA Group) Nominees Limited 3,428,931*

Chase Nominees Limited 213,710*

CUIM Nominee Limited 97,278*

Vidacos Nominees Limited 70,565*

* denotes direct interest

Chase Nominees Limited 166,834 

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

13 January 2012

6. Date on which issuer notified:

16 January 2012

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

5% to

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

Ord NPV (2009 cell)GG00B5885941

Ord NPV (2012 cell)GG00B4N1RV71

12,258,062

Nil

12,258,062

Nil

 11,887,524

4,750,000

13,190,396

4,477,753

Nil

162,997

3.34%

1.13%

 Nil

0.04%

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

17,831,146

4.51%

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

The voting rights are managed and controlled by Aviva Investors Global Services Limited, with the following chain of controlled undertakings:-

Aviva Investors Global Services Limited:

·; Aviva plc (Parent Company)

·; Aviva Group Holdings Limited (wholly owned subsidiary of Aviva plc)

·; Aviva Investors Holdings Limited (wholly owned subsidiary of Aviva Group Holdings Limited)

·; Aviva Investors Global Services Limited (wholly owned subsidiary of Aviva Investors Holdings Limited)

Proxy Voting:

10. Name of the proxy holder:

See Section 4

11. Number of voting rights proxy holder will ceaseto hold:

12. Date on which proxy holder will cease to holdvoting rights:

13. Additional information:

Figures are based on a revised total number of voting rights of 395,399,216 as per the Company's Completion of Conversion Announcement of 12 January 2012.

14. Contact name:

Neil Whittaker, Aviva plc

15. Contact telephone number:

01603 684420