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            PENDRAGON PLC           
issuer of existing shares to which voting rights                                      
are attached: ii                                                                   

2 Reason for the notification (please tick the appropriate box or boxes):      

An acquisition or disposal of voting rights                              YES   
                                                                               
An acquisition or disposal of qualifying financial instruments which     n/a   
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   n/a   
to qualifying financial instruments                                               
                                                                               
An event changing the breakdown of voting rights                         n/a   
                                                                               
Other (please                                                            n/a   
specify):                                                                      

3. Full name of person(s) subject to             UBS Investment Bank           
the notification obligation: iii                                                   
                                                                               
4. Full name of shareholder(s)                  UBS AG London Branch           
(if different from 3.):iv                                                      
                                                                               
5. Date of the transaction and date                20 October 2009             
on which the threshold is crossed or                                              
reached: v                                                                     
                                                                               
6. Date on which issuer notified:                  22 October 2009             
                                                                               
7. Threshold(s) that is/are crossed                      6%                    
or reached: vi, vii                                                               

8. Notified details:

A: Voting rights attached to shares viii, ix



Class/type of  Situation previous             Resulting situation after            
shares          to the triggering                   the triggering                 
                   transaction                       transaction                   
                                                                                   
if possible     Number      Number       Number        Number of         % of voting   
using             of          of       of shares        voting            rights x     
the ISIN CODE   Shares      Voting                      rights                         
                            Rights                                                   
                                         Direct   Direct xi  Indirect  Direct  Indirect
                                                               xii                     
                                                                                   
Ordinary Share 105,579,293 105,579,293 35,885,083 35,885,083           5.00%           
(GB00B1JQBT10)                                                                     
                                                                                   
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  rights that may be      rights    
                                     xiv           acquired if the                 
                                                    instrument is                  
                                                     exercised/                    
                                                     converted.                    
                                                                                   

C: Financial Instruments with similar economic effect to Qualifying Financial   
Instruments xv, xvi                                                             
                                                                                
Resulting situation after the triggering transaction                            
                                                                                
   Type of     Exercise Expiration Exercise/  Number of voting    % of voting   
  financial     price   date xvii  Conversion rights instrument  rights xix, xx 
  instrument                         period       refers to                     
                                     xviii                                      
                                                                                
                                                                Nominal   Delta 
                                                                                

Total (A+B+C)                                                                  
                                                                               
        Number of voting rights               Percentage of voting rights      
                                                                               
            Orindary Shares                              5.00%                 

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

Proxy Voting:                                                                  
                                                                               
10. Name of the proxy holder:                                                  
                                                                               
11. Number of voting rights proxy                                              
holder will cease                                                              
to hold:                                                                       
                                                                               
12. Date on which proxy holder will                                            
cease to hold                                                                  
voting rights:                                                                 

                                                                               
13. Additional information:                                              
                                                                               
14. Contact name:                        Richard Maloney            
                                                                               
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 notification
obligation

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 legal entity subject                                        
to the notification                                                            
obligation)                                                                    

C: Additional information                                                      
                                                                               

For notes on how to complete form TR-1 please see the FSA website.