Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

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

McCarthy & Stone 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:

Anchorage Capital Master Offshore, Ltd.

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

ACMO S.à r.l.

ACMO Finance (Ireland) Designated Activity Company

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

6 April 2017

6. Date on which issuer notified:

10 April 2017

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

Above 18%

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

40,717,657

40,717,657

47,479,623

47,479,623

8.84%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate

Exercise/Conversion Period

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

% of votingrights

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

Resulting situation after the triggering transaction

Type of financialinstrument

Exercise price

Expiration date

Exercise/Conversion period

Number of voting rights instrument refers to

% of voting rights

CFD

N/A

N/A

N/A

51,035,237

Nominal

Delta

9.49%

Total (A+B+C)

Number of voting rights

Percentage of voting rights

98,514,860

18.33%

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

Anchorage Capital Master Offshore, Ltd. is the parent undertaking of both ACMO S.à r.l. which hold 33,952,898 shares with voting rights (6.32%) and ACMO Finance (Ireland) Designated Activity Company which holds 6,764,759 shares voting rights (1.26%). Anchorage Capital Master Offshore, Ltd. also directly holds 6,761,966 shares with voting rights (1.25%) and CFDs totaling 51,035,237 which represent the equivalent of approximately (9.49%) of the voting rights.

The holdings of ACMO S.à r.l., ACMO Finance (Ireland) Designated Activity Company and Anchorage Capital Master Offshore, Ltd. are managed by Anchorage Capital Group, L.L.C., which is an SEC- registered Investment Manager and therefore falls within the equivalent exception in DTR 5.1.5.

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:

David Young

15. Contact telephone number:

+ [212-432-4600]