Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

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

McCarthy & Stone 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

X

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 thenotification obligation:

The Goldman Sachs Group, Inc.

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

Goldman Sachs International

ELQ Investors VIII Ltd

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

10 May 2017

6. Date on which issuer notified:

12 May 2017

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

Below 6%

8. Notified details:

A: Voting rights attached to shares

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

Direct

Direct

Indirect

Direct

Indirect

GB00BYNVD082

10,000,000

10,000,000

10,000,000

1.86%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate

Exercise/Conversion Period

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

Stock Loan (Physical)

Open

22,182,656

4.13%

Total (A+B+C)

Number of voting rights

Percentage of voting rights

32,182,656

5.99%

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

The Goldman Sachs Group, Inc.; 32,182,656 shares; 5.99%

Goldman Sachs (UK) L.L.C. (Controlled by The Goldman Sachs Group, Inc.); 22,182,656 shares; 4.13%

Goldman Sachs Group UK Limited (Controlled by Goldman Sachs (UK) L.L.C.); 22,182,656 shares; 4.13%

Goldman Sachs International (Controlled by Goldman Sachs Group UK Limited); 22,182,656 shares; 4.13%

Goldman Sachs (UK) L.L.C. (Controlled by The Goldman Sachs Group, Inc.)

Goldman Sachs Group UK Limited (Controlled by Goldman Sachs (UK) L.L.C.)

Goldman Sachs Group Holdings (U.K.) Limited (Controlled by Goldman Sachs Group UK Limited)

ELQ Investors VIII Ltd (Controlled by Goldman Sachs Group Holdings (U.K.) Limited)

Proxy Voting:

10. Name of the proxy holder:

N/A

11. Number of voting rights proxy holder will ceaseto hold:

N/A

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

N/A

13. Additional information:

Please note, total amount of voting rights have been rounded to 2 decimal places therefore there is a possibility of a rounding error.

General email contact:

[email protected]

14. Contact name:

Joanna Foley

15. Contact telephone number:

+44 207 051 9996