Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

J SAINSBURY 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

X

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

X

An event changing the breakdown of voting rights

Other (please specify):

3. Full name of person(s) subject to the notification obligation:

Deutsche Bank AG

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

Deutsche Bank AG, London Branch

5. Date of the transaction and date on which the threshold is crossed or reached:

26/11/2015

6. Date on which issuer notified:

30/11/2015

7. Threshold(s) that is/are crossed or reached:

Above 5%

8. Notified details:

A: Voting rights attached to shares

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

Direct

Direct

Indirect

Direct

Indirect

GB00B019KW72

Below Notifiable Threshold

Below Notifiable Threshold

53,827,582

53,827,582

0

2.80%

0

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate

Exercise/ConversionPeriod

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

Exchangeable Bonds

245

0%

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Exerciseprice

Expirationdate

Exercise/Conversionperiod

Number of votingrights instrumentrefers to

% of voting rights

CFD

OTC Options

296.142

27-Jan-16

51,943,482

1,232,380

Nominal

Delta

2.76%

2,76%

Total (A+B+C)

Number of voting rights

Percentage of voting rights

107,003,689

5.56%

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

Deutsche Bank AG, London Branch - 5.56%

Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will cease to hold:

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

13. Additional information:

Total CFD Holding - See appendix

14. Contact name:

Stacy Otieno

15. Contact telephone number:

02075476268

Type of

financial

Instrument

Maturity Date

Number of voting rights

Instrument

refers to

CFD

04-Oct-16

31,836

CFD

15-Mar-16

33,368

CFD

15-Mar-16

1,682,960

CFD

31-Aug-16

5,833,724

CFD

02-Mar-16

17,151

CFD

02-Mar-18

1,846,586

CFD

13-Jul-16

64,310

CFD

14-Sep-16

407,692

CFD

14-Dec-15

8,325,809

CFD

14-Mar-16

3,243,363

CFD

13-Jan-16

1,313,931

CFD

30-Sep-16

82,739

CFD

14-Nov-16

163,422

CFD

15-Dec-15

328,932

CFD

02-Jun-16

63,171

CFD

03-Nov-16

146,000

CFD

11-May-17

81,900

CFD

21-Jun-16

1,456,140

CFD

21-Sep-16

3,131,700

CFD

21-Dec-16

1,809,565

CFD

19-Jan-16

67,784

CFD

19-Oct-16

237,962

CFD

29-Aug-16

37,201

CFD

02-Sep-16

251,606

CFD

15-Feb-16

785,000

CFD

18-Oct-16

575,000

CFD

27-Jun-16

4,000,000

CFD

02-Nov-16

95,722

CFD

01-Jul-16

162,762

CFD

17-Nov-16

36,008

CFD

05-Oct-16

32,125

CFD

27-Jul-16

256,998

CFD

12-Feb-16

16,062

CFD

15-Apr-16

144,560

CFD

31-Oct-16

16,063

CFD

02-Aug-16

497,932

CFD

02-Feb-17

19,468

CFD

10-Mar-16

5,548,307

CFD

17-Mar-16

7,969,267

CFD

19-Apr-16

1,114,420

CFD

02-Nov-16

14,936