TR-1: Notification of Major Interest in Shares

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

Shawbrook Group 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 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

x

An event changing the breakdown of voting rights

Other (please specify):

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

MVN Asset Management PLC

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

MVN Event Driven Master Fund Limited

Maven Investment Partners Ltd

(clients of MVN Asset Management Limited - discretionary management )

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

22/06/2017

6. Date on which issuer notified:

26/06/2017

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

3%

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

GB00BWDPMF43

0

0

3,812,746

3,812,746

1.52%

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

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

Swap

n/a

29/03/2018

3,880,267

Nominal

Delta

1.55%

1.00

Swap

n/a

21/04/2027

123,117

Nominal

Delta

0.05%

1.00

Total (A+B+C)

Number of voting rights

Percentage of voting rights

7,816,130

3.12

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

The beneficial owners of the shares/ financial Instruments with similar economic effect to Qualifying Financial Instruments are Maven Investment Partners Ltd and MVN Event Driven Master Fund Limited respectively, which are both managed under a discretionary management agreement by MVN Asset Management Limited. The shares/ financial Instruments with similar economic effect to Qualifying Financial Instruments are held by the prime broker of MVN Event Driven Master Fund Limited, Merrill Lynch International and by the prime broker of Maven Investment Partners Ltd, ABN Amro Clearing NV. As a result, we have classified the voting rights in section 8A above as 'indirect'.

Proxy Voting:

10. Name of the proxy holder:

ABN Amro Clearing NV

Merrill Lynch International

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:

14. Contact name:

Raphael Kain

Peter Teng

15. Contact telephone number:

+44 20 3005 3780

+44 20 3876 8718