(PDG.L) Pendragon PLC Buy/Sell

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.

END