Holding(s) in Company

For filings with the FCA include the annex

For filings with issuer exclude the annex

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

Joules Group 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

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):

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

Lloyds Banking Group plc

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

See Section 9

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

02 December 2016

6. Date on which issuer notified:

05 December 2016

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

Below 4 %

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

Indirectxii

Direct

Indirect

ORD GBP0.01

6,250,001

6,250,001

3,125,001

3,125,001

3.57%

GB00BZ059357

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

3,125,001

3.57%

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

3,062,479 shares (3.49%), for and on behalf of LDC II LP and registered in the name of LDC (Nominees) Limited, are under the control of LDC (Managers) Limited, a wholly owned subsidiary of Lloyds Development Capital (Holdings) Limited, a wholly owned subsidiary of Lloyds Bank plc, a wholly owned subsidiary of Lloyds Banking Group plc.

62,522 shares (0.07%), for and on behalf of LDC Parallel II LP and registered in the name of LDC Parallel (Nominees) Limited, are under the control of LDC (Managers) Limited, a wholly owned subsidiary of Lloyds Development Capital (Holdings) Limited, a wholly owned subsidiary of Lloyds Bank plc, a wholly owned subsidiary of Lloyds Banking Group plc.

Proxy Voting:

10. Name of the proxy holder:

N/A

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

N/A

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

N/A

13. Additional information:

Notification using the Total Voting Rights figure of 87,499,796

14. Contact name:

Darren Hemsley

15. Contact telephone number:

0113 235 7676