| TR-1[i]: NOTIFICATION OF MAJOR INTEREST IN SHARES |
| 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) | ||
| An acquisition or disposal of voting rights | X | |
| 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): __Issuance of new shares_____________ | X | |
| 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 |
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| 5. Date of the transaction (and date on which the threshold is crossed or reached if different)[v]: | 20-Mar-13 | |
| 6. Date on which issuer notified: | 22-Mar-13 | |
| 7. Threshold(s) that is/are crossed or reached: | 19% | |
| 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 | 6,255,030 | 6,255,030 | 4,336,465 | 4,336,465 | 7.11% | ||
| 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 |
| N/A | N/A | N/A | N/A | N/A |
| Total (A+B) | |
| Number of voting rights | % of voting rights |
| 4,336,465 | 7.11% |
| 9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable xv: |
| N/A |
| 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 #) |