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

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 the notification obligation: iii

Kairos Investment Management Limited as agent for:

Kairos Pegasus Fund Ltd, ("PEG SA")

Kairos International Sicav - Pegasus UCITS ("KIS PEG")

4. Full name of shareholder(s)  

 (if different from 3.):iv

Kairos Pegasus Fund Ltd, ("PEG SA")

Kairos International Sicav - Pegasus UCITS ("KIS PEG")

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

15.05.17

6. Date on which issuer notified:

30.10.18

7. Threshold(s) that is/are crossed or

reached: vi, vii

GOING BELOW 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

Direct xi

Indirect xii

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

N/A

N/A

07.06.18

15.01.26

4,237,457

822,139

Nominal

Delta

2.42%

0.47%

Total (A+B+C)

Number of voting rights

Percentage of voting rights

5,166,596

2.95%

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

As at 15.05.17, KIML acting as agent for KISPEG and PEG SA held 3.02% interest in Arrow Global.

Split:

Ordinary Shares with voting rights 107,000 = 0.06% KIS Peg

Swap held with Goldman Sachs - Expiry 15.01.26 822,139 = 2.48% PEG SA

Swap held with Morgan Stanley - Expiry 07.06.18 4,237,457 = 0.48% KIS PEG

As at 15.10.18 (date of notification), KIML acting as agent for KISPEG and PEG SA does not hold any interest in Arrow Global, As such it remains BELOW 3% at 0.00%,

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