Holding(s) in Company

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

ARROW GLOBAL GROUP PLC

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

x

An event changing the breakdown of voting rights

Other (please specify):

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

AMBER CAPITAL UK LLP

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

 (i) AMBER GLOBAL OPPORTUNITIES MASTER FUND LTD. and (ii) PM MANAGER FUND, SPC. on behalf of and for the account of SEGREGATED PORTFOLIO 22

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

30 July 2014

6. Date on which issuer notified:

N/A

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

5%

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

GB00BDGTXM47

2,250,000

1,578,803

0.91%

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

GB00BDGTXM47

7,071,028

Nominal

Delta

4.05%

1

Total (A+B+C)

Number of voting rights

Percentage of voting rights

8,649,831

4.96%

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

Amber Capital UK LLP makes this declaration as investment manager of Amber Global Opportunities Master Fund Ltd. and subadvisor of PM Manager Fund, SPC. on behalf of and for the account of Segregated Portfolio 22.

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:

14. Contact name:

Jamie Craver

15. Contact telephone number:

44 207 079 4774