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

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): Transfer out X 3. Full name of person(s) subject to the notificationobligation:iii Cazenove Capital Management Limited 4. Full name of shareholder(s) (if different from 3.):iv N/A

5. Date of the transaction and date on which the threshold is 23 May 2013crossed or reached: v

6. Date on which issuer notified: 25 May 2013 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 65,150,080 65,150,080 64,725,080 64,725,080 4.50%(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. N/A N/A N/A N/A N/A 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 CFD N/A N/A N/A 6,979,000 0.49 N/A Total (A+B+C) Number of voting rights Percentage of voting rights 71,704,080 4.99%

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

N/A Proxy Voting: 10. Name of the proxy holder: N/A 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: N/A 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.