Holding(s) in Company

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

Royal Mail 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

An event changing the breakdown of voting rights

Other (please specify):

Transfer following UBS Limited's exercise of the over-allotment option (as described in the the Royal Mail plc prospectus dated 27 September 2013 (the "Prospectus")) in connection with the initial public offering of Royal Mail plc ordinary shares (the "Ordinary Shares").

ü

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

Postal Services Holding Company plc

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

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

 11 November 2013

6. Date on which issuer notified:

13 November 2013

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

30%

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

Indirect xii

Direct

Indirect

Ordinary Shares

299,840,000

299,840,000

299,840,000

299,840,000

29.9%

GB00BDVZYZ77

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

299,840,000

29.9%

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

Postal Services Holding Company plc is wholly owned by the Secretary of State for Business, Innovation and Skills.

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:

From Admission to 11 November, the total number of Royal Mail plc voting rights held by Postal Services Holding Company plc was 378,100,870 (37.8%), comprising (a) 299,840,000 Ordinary Shares held directly and (b) 78,260,870 Ordinary Shares loaned to UBS Limited under the provisions of the Stock Lending Agreement (as described in the Prospectus) and returned to Postal Services Holding Company on 11 November in accordance with the Stock Lending Agreement's terms.

The change in the total number of voting rights held by Postal Services Holding Company plc, as notified in this Form TR-1, results from UBS Limited exercising the over-allotment option (as described in the Prospectus) in full in respect of 78,260,870 Ordinary Shares on 8 November 2013, and Postal Services Holding Company plc transferring such number of Ordinary Shares to UBS Limited on 11 November 2013 in accordance with the terms of the over-allotment option (as described in the Prospectus).

14. Contact name:

Andrew Poole

15. Contact telephone number:

020 7 449 8129