Holding(s) in Company

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

Arrow Global 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

Kairos Investment Management Limited as agent for:

Kairos Pegasus Fund Ltd,

Kairos International Sicav - Pegasus UCITS Kairos Selection

4. Full name of shareholder(s)

(if different from 3.):iv

Kairos Pegasus Fund Ltd,

Kairos International Sicav - Pegasus UCITS Kairos Selection

5. Date of the transaction and date on

which the threshold is crossed or reached: v

19/12/16

6. Date on which issuer notified:

16/02/16

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

Going above 3%

  8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type of

shares

if possible using the ISIN CODE

Situation previous

to the triggering transaction

Resulting situation after the triggering transaction

Number

of

Shares

Number

of Voting Rights

Number

of shares

Number of voting

rights

% of  voting rights x

Direct

xi

Direct

xii

Indirect

Direct

Indirect

GB00BDGTXM

47

107000

107000

107000

107000

0.00

0.06

0.00

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial

instrument

Expiration date xiii

Exercise/

Conversion Period xiv

Number of voting

rights that may be acquired if the instrument is exercised/ converted.

% of voting

rights

N/A

N/A

N/A

N/A

N/A

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

xv, xvi

Resulting situation after the triggering transaction

Type of financial

instrument

Exercise

price

Expiration date xvii

Exercise/

Conversion period xviii

Number of voting rights

instrument refers to

% of voting rights xix,

xx

Contract for difference Contract for difference Contract for difference

N/A N/A

N/A

15.06.18

07.06.18

15.01.26

24,384

4,040,473

1,078,092

Nominal

Delta

0.01%

2.32%

0.62%

Number of voting rights

Percentage of voting rights

5,249,949

3.01%

Proxy Voting:

10. Name of the proxy holder:

Kairos Investment Management

Limited

11. Number of voting rights proxy holder will cease to hold:

N/A

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

N/A

13. Additional information:

None

14. Contact name:

Sophie Howard

15. Contact telephone number:

020 7398 3060