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

Just Eat 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: iii

Morgan Stanley

(Institutional Securities Group and Global Wealth Management)

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

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

14.03.2016

6. Date on which issuer notified:

16.03.2016

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

GB00BKX5CN86

Below 3%

Below 3%

22

22

0.00%

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

Right of Recall over a securities lending agreement

N/A

N/A

2,688,592

0.40%

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

Equity Swap

(Cash Settled)

n/a

12-08-2016

n/a

20,185

Nominal

Delta

n/a

0.00%

Equity Swap

(Cash Settled)

n/a

05-09-2016

n/a

1,207,000

n/a

0.18%

Equity Swap

(Cash Settled)

n/a

20-02-2017

n/a

700,000

n/a

0.10%

Equity Swap

(Cash Settled)

n/a

03-04-2017

n/a

287,800

n/a

0.04%

Equity Swap

(Cash Settled)

n/a

02-05-2017

n/a

457,259

n/a

0.07%

Equity Swap

(Cash Settled)

n/a

21-08-2017

n/a

4,725,884

n/a

0.70%

Equity Swap

(Cash Settled)

n/a

11-09-2017

n/a

6,860,008

n/a

1.02%

Equity Swap

(Cash Settled)

n/a

07-12-2017

n/a

156,609

n/a

0.02%

Equity Swap

(Cash Settled)

n/a

22-01-2018

n/a

2,627,000

n/a

0.39%

Equity Swap

(Cash Settled)

n/a

24-04-2019

n/a

16,575

n/a

0.00%

Equity Swap

(Cash Settled)

n/a

04-06-2020

n/a

133,416

n/a

0.02%

Equity Swap

(Cash Settled)

n/a

03-02-2021

n/a

772,750

n/a

0.11%

Number of voting rights

Percentage of voting rights

20,653,100

3.06%

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

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:

14. Contact name:

Craig Horsley

15. Contact telephone number:

0141 245 7736