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 which voting rights              PENDRAGON PLC              
are attached: ii                                                                         
                                                                                         

 

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                                                          
                                                                                          
An event changing the breakdown of voting rights                                          
                                                                                          
Other (please                                                                             
specify):                                                                                 
                                                                                          

 

3. Full name of person(s) subject to the             ODEY ASSET MANAGEMENT LLP           
notification obligation: iii                                                             
                                                                                         
4. Full name of shareholder(s)  (if                                                      
different from 3.):iv                                                                    
                                                                                         
5. Date of the transaction and date on                    25 October 2011                
which the threshold is crossed or reached:                                               
v                                                                                        
                                                                                         
6. Date on which issuer notified:                         26 October 2011                
                                                                                         
7. Threshold(s) that is/are crossed or                          25%                      
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 Shares                                                                                    
                 295,662,938 295,662,938 352,662,938 352,662,938              24.84%               
(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.                   
                                                                                                   
                                                                                                   
                                                                                                   

 

C: Financial Instruments with similar economic effect to Qualifying Financial                 
Instruments 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          refers to                           
                                           xviii                                              
                                                                                              
                                                                                              
                                                                            Nominal    Delta  
                                                                                              
  Contract for                                            12,950,523         0.91%            
   Difference                                                                                 
                                                                                              

 

Total (A+B+C)                                                                            
                                                                                         
          Number of voting rights                    Percentage of voting rights         
                                                                                         
           Ordinary Shares + CFD                               25.75%                    
                                                                                         


 

9. Chain of controlled undertakings through which the voting rights and/or the          
financial instruments are effectively held, if applicable: xxi                          
                                                                                        
Odey European Inc. holding is 10.28%.  Odey Allegra International Fund holding          
is 6.90%.                                                                               
                                                                                        
All other fund holdings are less than 3%.                                               
                                                                                        
                                                                                        
                                                                                        

 

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, 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 shares xxii                                   
                                                                                        

                                                                               

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.