Holding(s) in Company

For filings with the FCA 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 are                              Pendragon PLC
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                               GMT Capital Corp 
notification obligation:iii                                                             
                                                                                        
4. Full name of shareholder(s)                                                          
 (if different from 3.):iv                                                              
                                                                                        
5. Date of the transaction and date on                                                  
which the threshold is crossed or                                          22.09.14     
reached: v                                                                              
                                                                                        
6. Date on which issuer notified:                                          23.09.14     
                                                                                        
7. Threshold(s) that is/are crossed or                                        5%        
reached: vi, vii                                                                        
                                                                                        


 

8. Notified details:                                                                          
                                                                                              
A: Voting rights attached to shares viii, ix                                                  
                                                                                              
Class/type   Situation previous          Resulting situation after the triggering transaction 
of           to the triggering                                                                
shares       transaction                                                                      
                                                                                              
             Number         Number       Number   Number of voting          % of  voting      
if possible  of             of           of       rights                    rights x          
using        Shares         Voting       shares                                               
the ISIN                    Rights                                                            
CODE                                     Direct   Direct xi      Indirect   Direct Indirect   
                                                                 xii                          
                                                                                              
Ordinary                                                                                      
                71768060      71768060   73425803                 73425803            5.04%   
GB00B1JQBT10                                                                                  
                                                                                              
                                                                                              
                                                                                              
B: Qualifying Financial Instruments                                                           
                                                                                              
Resulting situation after the triggering transaction                                          
                                                                                              
Type of        Expiration     Exercise/            Number of voting             % of voting   
financial      date xiii      Conversion Period    rights that may be           rights        
instrument                    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 rights     % of voting     
financial     price         date xvii  Conversion instrument refers to        rights xix, xx  
instrument                             period                                                 
                                       xviii                                                  
                                                                                              
                                                                              Nominal Delta     
                                                                                              
                                                                                              
                                                                                              
                                                                                              
                                                                                              
Total (A+B+C)                                                                                 
                                                                                              
Number of voting rights                         Percentage of voting rights                   
                                                                                              
                   73425803                                         5.04%                     
                                                                                              


 

9. Chain of controlled undertakings through which the voting rights and/or the          
financial instruments are effectively held, if applicable: xxi                          
                                                                                        
                                                                                        
                                                                                        
Bay Resource Partners LP                                                                
                                                                                        
Bay li Resource Partners LP                                                             
                                                                                        
Bay Resource Partners Offshore Master Fund LP                                           
                                                                                        
Lyxor/Bay Resource Partners Offshore Fund LP                                            
                                                                                        
Thomas Claugus                                                                          
                                                                                        
                                                                                        
                                                                                        
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 725119
                                                                                        


 

Note: Annex should only be submitted to the FCA 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 FCA website.