Holding(s) in Company

NOTIFICATION OF MAJOR HOLDINGS

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

ZPG PLC

1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate)

Non-UK issuer

2. Reason for the notification (please mark the appropriate box or boxes with an "X")

An acquisition or disposal of voting rights

An acquisition or disposal of financial instruments

X

An event changing the breakdown of voting rights

Other (please specify)iii:

3. Details of person subject to the notification obligationiv

Name

CHRISTIAN LEONE

City and country of registered office (if applicable)

N/A

Name

LUXOR MANAGEMENT, LLC

City and country of registered office (if applicable)

C/O CORPORATION TRUST CENTER, 1209 ORANGE STREET, WILMINGTON, DELAWARE, 19801, UNITED STATES

Name

LUXOR CAPITAL GROUP, LP

City and country of registered office (if applicable)

C/O CORPORATION TRUST CENTER, 1209 ORANGE STREET, WILMINGTON, DELAWARE, 19801, UNITED STATES

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

Name

LUXOR CAPITAL PARTNERS, LP

City and country of registered office (if applicable)

C/O CORPORATION TRUST CENTER, 1209 ORANGE STREET, WILMINGTON, DELAWARE, 19801, UNITED STATES

Name

LUXOR CAPITAL PARTNERS OFFSHORE MASTER FUND, LP

City and country of registered office (if applicable)

C/O MAPLES CORPORATE SERVICE LIMITED, PO BOX 309, UGLAND HOUSE, GRAND CAYMAN, KY1-1104, CAYMAN ISLANDS

Name

LUXOR CAPITAL PARTNERS OFFSHORE, LTD.

City and country of registered office (if applicable)

C/O MAPLES CORPORATE SERVICE LIMITED, PO BOX 309, UGLAND HOUSE, GRAND CAYMAN, KY1-1104, CAYMAN ISLANDS

Name

LUGARD ROAD CAPITAL MASTER FUND, LP

City and country of registered office (if applicable)

C/O MAPLES CORPORATE SERVICE LIMITED, PO BOX 309, UGLAND HOUSE, GRAND CAYMAN, KY1-1104, CAYMAN ISLANDS

Name

LUGARD ROAD CAPITAL, LP

City and country of registered office (if applicable)

C/O CORPORATION TRUST CENTER, 1209 ORANGE STREET, WILMINGTON, DELAWARE, 19801, UNITED STATES

Name

LUXOR WAVEFRONT, LP

City and country of registered office (if applicable)

C/O CORPORATION TRUST CENTER, 1209 ORANGE STREET, WILMINGTON, DELAWARE, 19801, UNITED STATES

5. Date on which the threshold was crossed or reachedvi:

23 FEBRUARY 2018

6. Date on which issuer notified (DD/MM/YYYY):

27 FEBRUARY 2018

7. Total positions of person(s) subject to the notification obligation

% of voting rights attached to shares (total of 8. A)

% of voting rights through financial instruments(total of 8.B 1 + 8.B 2)

Total of both in % (8.A + 8.B)

Total number of voting rights of issuervii

Resulting situation on the date on which threshold was crossed or reached -CHRISTIAN LEONE

3.10

3.10

13,585,432

Resulting situation on the date on which threshold was crossed or reached - LUXOR MANAGEMENT, LLC

3.10

3.10

13,585,432

Resulting situation on the date on which threshold was crossed or reached - LUXOR CAPITAL GROUP, LP

3.10

3.10

13,585,432

Position of previous notification (if

applicable)

8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii

A: Voting rights attached to shares

Class/type ofshares

ISIN code (if possible)

Number of voting rightsix

% of voting rights

Direct

(Art 9 of Directive 2004/109/EC) (DTR5.1)

Indirect

(Art 10 of Directive 2004/109/EC) (DTR5.2.1)

Direct

(Art 9 of Directive 2004/109/EC) (DTR5.1)

Indirect

(Art 10 of Directive 2004/109/EC) (DTR5.2.1)

SUBTOTAL 8. A

B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))

Type of financial instrument

Expirationdatex

Exercise/Conversion Periodxi

Number of voting rights that may be acquired if the instrument is

exercised/converted.

% of voting rights

SUBTOTAL 8. B 1

B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))

Type of financial instrument

Expirationdatex

Exercise/Conversion Period xi

Physical or cash

settlementxii

Number of voting rights

% of voting rights

CHRISTIAN LEONE: SWAP

19 MARCH 2019

N/A

CASH

6,723,311

1.53

LUXOR MANAGEMENT, LLC: SWAP

19 MARCH 2019

N/A

CASH

6,723,311

1.53

LUXOR CAPITAL GROUP, LP: SWAP

19 MARCH 2019

N/A

CASH

6,723,311

1.53

CHRISTIAN LEONE: SWAP

25 MARCH 2019

N/A

CASH

864,045

0.20

LUXOR MANAGEMENT, LLC: SWAP

25 MARCH 2019

N/A

CASH

864,045

0.20

LUXOR CAPITAL GROUP, LP: SWAP

25 MARCH 2019

N/A

CASH

864,045

0.20

CHRISTIAN LEONE: SWAP

14 DECEMBER 2022

N/A

CASH

5,998,076

1.37

LUXOR MANAGEMENT, LLC: SWAP

14 DECEMBER 2022

N/A

CASH

5,998,076

1.37

LUXOR CAPITAL GROUP, LP: SWAP

14 DECEMBER 2022

N/A

CASH

5,998,076

1.37

SUBTOTAL 8.B.2

13,585,432

3.10

9. Information in relation to the person subject to the notification obligation (please mark the

applicable box with an "X")

Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii

Full chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary)

X

Namexv

% of voting rights if it equals or is higher than the notifiable threshold

% of voting rights through financial instruments if it equals or is higher than the notifiable threshold

Total of both if it equals or is higher than the notifiable threshold

CHRISTIAN LEONE

3.10

LUXOR MANAGEMENT, LLC

3.10

LUXOR CAPITAL GROUP, LP

3.10

10. In case of proxy voting, please identify:

Name of the proxy holder

The number and % of voting rights held

The date until which the voting rights will be held

11. Additional informationxvi

Place of completion

NEW YORK

Date of completion

27 FEBRUARY 2018