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:

AA Plc

LEI: 213800DTPE4O5OI17349

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

X

An acquisition or disposal of financial instruments

An event changing the breakdown of voting rights

Other (please specify)iii:

3. Details of person subject to the notification obligationiv

Name

Citigroup Global Markets Limited

City and country of registered office (if applicable)

London , United Kingdom

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

Name

N/A

City and country of registered office (if applicable)

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

27-Jun-2018

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

29-Jun-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

3.2180%

2.4240%

5.6420%

611,660,018

Position of previous notification (if

applicable)

1.7281%

4.4464%

6.1745%

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)

GB00BMSKPJ95

19,683,441.00

3.2180%

SUBTOTAL 8. A

19,683,441.00

3.2180%

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

SUBTOTAL 8. B 1

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

Equity Swap

3-Jul-18

Cash

6,738,354.00

1.1017%

Equity Swap

24-Feb-23

Cash

19,804.00

0.0036%

Equity Swap

24-Feb-23

Cash

84,181.00

0.0033%

Equity Swap

2-May-19

Cash

71,100.00

0.0116%

Equity Swap

6-Sep-18

Cash

21,760.00

0.4631%

Equity Swap

6-Sep-18

Cash

20,087.00

0.0069%

Equity Swap

2-May-19

Cash

2,832,528.00

0.0228%

Equity Swap

11-Sep-19

Cash

802,159.00

0.0056%

Equity Swap

11-Sep-19

Cash

462,087.00

0.0031%

Equity Swap

11-Sep-19

Cash

398,118.00

0.0165%

Equity Swap

11-Sep-19

Cash

295,985.00

0.0108%

Equity Swap

11-Sep-19

Cash

4,667.00

0.0092%

Equity Swap

11-Sep-19

Cash

2,046.00

0.0060%

Equity Swap

13-May-19

Cash

42,180.00

0.0670%

Equity Swap

13-May-19

Cash

139,268.00

0.0438%

Equity Swap

13-May-19

Cash

34,277.00

0.0203%

Equity Swap

13-May-19

Cash

19,117.00

0.0133%

Equity Swap

13-May-19

Cash

100,858.00

0.0156%

Equity Swap

13-May-19

Cash

65,866.00

0.0003%

Equity Swap

13-May-19

Cash

56,249.00

0.0087%

Equity Swap

13-May-19

Cash

36,733.00

0.0002%

Equity Swap

13-May-19

Cash

409,783.00

0.0633%

Equity Swap

13-May-19

Cash

267,609.00

0.0014%

Equity Swap

13-May-19

Cash

124,110.00

0.0191%

Equity Swap

13-May-19

Cash

81,050.00

0.0004%

Equity Swap

13-May-19

Cash

95,152.00

0.0182%

Equity Swap

13-May-19

Cash

2,033.00

0.0149%

Equity Swap

13-May-19

Cash

53,160.00

0.0083%

Equity Swap

13-May-19

Cash

1,136.00

0.0604%

Equity Swap

13-May-19

Cash

386,989.00

0.0291%

Equity Swap

13-May-19

Cash

8,268.00

0.0072%

Equity Swap

13-May-19

Cash

116,572.00

0.0040%

Equity Swap

13-May-19

Cash

2,490.00

0.0088%

Equity Swap

16-May-19

Cash

111,300.00

0.0136%

Equity Swap

16-May-19

Cash

90,850.00

0.0041%

Equity Swap

16-May-19

Cash

50,757.00

0.0745%

Equity Swap

16-May-19

Cash

369,493.00

0.0641%

Equity Swap

17-May-19

Cash

178,097.00

0.0218%

Equity Swap

17-May-19

Cash

43,790.00

0.0008%

Equity Swap

17-May-19

Cash

24,465.00

0.0003%

Equity Swap

17-May-19

Cash

53,648.00

0.1293%

Equity Swap

3-Jun-19

Cash

82,963.00

0.0123%

SUBTOTAL 8.B.2

14,826,401

2.4240%

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

Citigroup Global Markets Limited

Citigroup Global Markets Europe Limited

Citigroup Financial Products Inc.

Citigroup Global Markets Holdings Inc.

Citgroup Inc.

10. In case of proxy voting, please identify:

Name of the proxy holder

The number and % of voting rights held

The date until which the voting rights will be held

11. Additional informationxvi

Place of completion

Belfast

Date of completion

29-Jun-18