Holding(s) in Company

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

Pinewood Group plc

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

An acquisition or disposal of voting rights

Yes

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

No

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

No

An event changing the breakdown of voting rights

Yes

Other (please specify):

No

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

Goodweather Investment Management Limited

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

HSDL Nominees Limited

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

17th April 2015

6. Date on which issuer notified:

17th April 2015

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

40%

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

Ordinary Shares of 10p GB00BOOKLG25

28,683,236

58.05%

22,443,396

-

22,623,396

-

39.09%

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

22,443,396

39.09%

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

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:

The threshold is reached as a result of the disposal of shares by the holder and the issue of shares by the issuer in connection with the placing completed by the issuer on 17th April 2015.

HSDL Nominees Limited now holds the legal title in respect of all of the shares in the issuer that are beneficially owned by the notifier.

14. Contact name:

Susan Moss

15. Contact telephone number:

0161 629 8225