Holding(s) in Company

Clarissa Elsner


1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached[ii]: GVC Holdings Plc
2. Reason for the notification (please tick the appropriate box or boxes) X
An acquisition or disposal of voting rights
An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
An event changing the breakdown of voting rights
Other (please specify): ___________________
3. Full name of person(s) subject to the notification obligation[iii]: Audley Capital Management Limited
4. Full name of shareholder(s) (if different from 3.)[iv]: Audley European Opportunities Master Fund; Audley Investment I; Audley Investment II
5. Date of the transaction (and date on which the threshold is crossed or reached if different)[v]: 6-Sep-12
6. Date on which issuer notified: 6-Sep-12
7. Threshold(s) that is/are crossed or reached: 22%
8. Notified details:


A: Voting rights attached to shares
Class/type of shares if possible using the ISIN CODE Situation previous to the Triggering transaction [vi] Resulting situation after the triggering transaction[vii]
Number of Shares Number of Voting Rights viii Number of shares Number of voting rights ix % of voting rights
Direct Direct x Indirect xi Direct Indirect
IM00B5VQMV65 7,030,911 7,030,911 6,755,031 6,755,031 21.38%


B: Financial Instruments
Resulting situation after the triggering transaction xii
Type of financial instrument Expiration date xiii Exercise/ Conversion Period/ Date xiv Number of voting rights that may be acquired if the instrument is exercised/ converted. % of voting rights


Total (A+B)
Number of voting rights % of voting rights
6,755,031 21.38%


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


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


13. Additional information: N/A
14. Contact name: Simon Thornton
15. Contact telephone number: 01481 737600 (tel #); 01481 710348 (fax #)