Holding(s) in Company

For filings with the FSA include the annex For filings with issuer exclude the annex TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi 1. Identity of the issuer or the underlying issuer of existing shares to PENDRAGONwhich voting rights are attached:ii 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 resultin the acquisition of shares already issued to which voting rights are attached An acquisition or disposal of instruments with similar economic effect toqualifying 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 FIL Limited 4. Full name of shareholder(s) (if different from 3.):iv See Section 9 5. Date of the transaction and date on which the threshold is crossed or 8 Janauryreached: v 2014 6. Date on which issuer notified: 9 January 2014 7. Threshold(s) that is/are crossed or reached: vi, vii 5% 8. Notified details:A: Voting rights attached to shares viii, ix Class/type Situation previous Resulting situation afterof to the triggering the triggeringshares transaction transaction if possible Number Number Number Number of % of votingusing of of of shares voting rights xthe ISIN Shares Voting rightsCODE Rights Direct Direct xi Indirect xii Direct Indirect OrdinaryShares 53,961,959 53,961,959 136,522,822 136,522,822 9.48%(GB00B1JQBT) B: Qualifying Financial Instruments Resulting situation after the triggering transaction Type of financial Expiration Exercise/ Number of voting % of voting instrument date xiii Conversion Period xiv rights that may be rights acquired if the instrument is exercised/ converted. C: Financial Instruments with similar economic effect to Qualifying FinancialInstruments xv, xvi Resulting situation after the triggering transaction Type of financial Exercise Expiration Exercise/ Number of voting % of voting instrument price date xvii Conversion rights instrument rights xix, xx period xviii refers to Nominal Delta Total (A+B+C) Number of voting rights Percentage of voting rights Ordinary Shares + CFD 9.48% 9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi Custodian Advisor Total JP MORGAN, BOURNEMOUTH (C) FII-FIL INVESTMENTS INTERNATIONAL 30,987,129 FILUK-FIL INVESTMENT SERVICES (UK) LIMITED 105,535,693 Grand Total 136,522,822 Proxy Voting: 10. Name of the proxy holder: FIL LImited 11. Number of voting rights proxy holder will cease to hold: 82,560,863 12. Date on which proxy holder will cease to hold voting rights: 8 January 2014 13. Additional information: 14. Contact name: Richard Maloney, Pendragon PLC 15. Contact telephone number: 01623 725200 Note: Annex should only be submitted to the FSA not the issuer Annex: Notification of major interests in sharesxxii A: Identity of the persons or legal entity subject to the notificationobligation Full name(including legal form of legal entities) Contact address(registered office for legal entities) Phone number & email Other useful information(at least legal representative for legal persons) B: Identity of the notifier, if applicable Full name Contact address Phone number & email Other useful information(e.g. functional relationship with the person or legalentity subject to the notification obligation) C: Additional information

For notes on how to complete form TR-1 please see the FSA website.