Holding(s) in Company

For filings with the FSA 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 issuer of existing shares to PENDRAGONwhich voting rights are attached:ii 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 resultin the acquisition of shares already issued to which voting rights are attached An acquisition or disposal of instruments with similar economic effect to Xqualifying financial instruments An event changing the breakdown of voting rights Other (please specify): 3. Full name of person(s) subject to the notification obligation: ODEY ASSETiii MANAGEMENT LLP 4. Full name of shareholder(s) (if different from 3.):iv 5. Date of the transaction and date on which the threshold is 8 Janaury 2014crossed or reached: v 6. Date on which issuer notified: 9 January 2014 7. Threshold(s) that is/are crossed or reached: vi, vii 21% 8. Notified details:A: Voting rights attached to shares viii, ix Class/type Situation previous Resulting situation afterof to the triggering the triggeringshares transaction transaction if possible Number Number Number Number of % of votingusing of of of shares voting rights xthe ISIN Shares Voting rightsCODE Rights Direct Direct xi Indirect xii Direct Indirect OrdinaryShares 353,161,950 353,161,950 274,590,320 274,590,320 19.08%(GB00B1JQBT) B: Qualifying Financial Instruments Resulting situation after the triggering transaction Type of Expiration Exercise/ Number of voting % of voting financial date xiii Conversion Period xiv rights that may be rights instrument acquired if the instrument is exercised/ converted. C: Financial Instruments with similar economic effect to Qualifying FinancialInstruments xv, xvi Resulting situation after the triggering transaction Type of financial Exercise Expiration Exercise/ Number of % of voting instrument price date xvii Conversion voting rights xix, period rights xx xviii instrument refers to Nominal Delta Contract for Difference 20,468,994 1.42% (CFD) Total (A+B+C) Number of voting rights Percentage of voting rights Ordinary Shares + CFD 20.50% 9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi Odey European Inc. holding is 7.48%. Odey Allegra International Fund holdingis 6.31%. All other fund holdings are less than 3%. 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: 14. Contact name: Richard Maloney, Pendragon PLC 15. Contact telephone number: 01623 725200 Note: Annex should only be submitted to the FSA not the issuer Annex: Notification of major interests in sharesxxii A: Identity of the persons or legal entity subject to the notificationobligation Full name(including legal form of legal entities) Contact address(registered office for legal entities) Phone number & email Other useful information(at least legal representative for legal persons) B: Identity of the notifier, if applicable Full name Contact address Phone number & email Other useful information(e.g. functional relationship with the person or legalentity subject to the notification obligation) C: Additional information

For notes on how to complete form TR-1 please see the FSA website.