TR-1 Notification

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

Just Retirement Group 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):

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

Permira Holdings Limited

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

Avallux S.à.r.l.

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

15 November 2013

6. Date on which issuer notified:

15 November 2013

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

63%

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

ISIN: GB00BCRX1J15

322,206,563

322,206,563

288,993,748

288,993,748

57.8%

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

Stock Loan Agreement

12 December 2013

12 December 2013

22,880,243

4.6%

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

N/A

N/A

N/A

N/A

N/A

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

311,873,991

62.4%

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

Avallux S.à.r.l. is owned by Permira IV, a fund managed by Permira IV Managers Limited, a wholly-owned subsidiary of Permira Holdings 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:

c/o Permira Luxembourg S.à r.l.

282, route de Longwy

L-1940 Luxembourg

14. Contact name:

Cedric Pedoni

15. Contact telephone number:

+ 352 26 86 811