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TR-1: NOTIFICATION OF
MAJOR INTEREST IN SHARESi
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1. Identity of the issuer or the underlying issuerof existing
shares to which voting rights areattached: ii
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Pearson
PLC
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2 Reason for the notification (please tick the appropriate
box or boxes):
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An
acquisition or disposal of voting rights
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X
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An
acquisition or disposal of qualifying financial instruments which
may result in the acquisition of shares already issued to which
voting rights are attached
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An
acquisition or disposal of instruments with similar economic effect
to qualifying financial instruments
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An
event changing the breakdown of voting rights
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Other
(please specify):
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3. Full name of person(s) subject to thenotification
obligation: iii
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Silchester
International Investors LLP
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4. Full name of shareholder(s) (if different from 3.):iv
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Silchester
International Investors International Value Equity Taxable
Trust
Silchester
International Investors International Value Equity
Trust
Silchester
International Investors International Value Equity Group
Trust
Silchester
International Investors Tobacco Free International Value Equity
Trust
The
Calleva Trust
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5. Date of the transaction and date onwhich the threshold is
crossed orreached: v
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19th
October 2016
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6. Date on which issuer notified:
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19th
October 2016
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7. Threshold(s) that is/are crossed orreached: vi, vii
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Crossing
above 5%
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8. Notified details:
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A: Voting rights attached to shares viii, ix
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Class/type ofshares
if
possible usingthe ISIN CODE
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Situation previousto the triggeringtransaction
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Resulting situation after the triggering transaction
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NumberofShares
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NumberofVotingRights
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Numberof shares
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Number of votingrights
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% of voting rights x
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||||||||||||||||
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Direct
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Direct xi
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Indirect xii
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Direct
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Indirect
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||||||||||||||||
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GB0006776081
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40,775,547
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40,775,547
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41,437,136
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5.04%
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B: Qualifying Financial Instruments
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||||||||||||||||||||
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Resulting situation after the triggering transaction
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Type of financialinstrument
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Expirationdate xiii
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Exercise/Conversion Period xiv
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Number of votingrights that may beacquired if theinstrument
isexercised/ converted.
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% of votingrights
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||||||||||||||||
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N/A
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N/A
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N/A
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N/A
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N/A
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||||||||||||||||
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C: Financial Instruments with similar economic effect to Qualifying
Financial Instruments xv, xvi
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Resulting situation after the triggering transaction
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Type of financialinstrument
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Exercise price
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Expiration date xvii
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Exercise/Conversion period xviii
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Number of voting rights instrument refers to
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% of voting rights xix, xx
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|||||||||||||||
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N/A
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N/A
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N/A
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N/A
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N/A
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Nominal
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Delta
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||||||||||||||
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N/A
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N/A
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Total (A+B+C)
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Number of voting rights
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Percentage of voting rights
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|||||||||||||||||||
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41,437,136
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5.04%
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9. Chain of controlled undertakings through which the voting rights
and/or thefinancial instruments are effectively held, if
applicable: xxi
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N/A
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Proxy Voting:
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10. Name of the proxy holder:
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Silchester
International Investors LLP
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11. Number of voting rights proxy holder will ceaseto
hold:
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N/A
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12. Date on which proxy holder will cease to holdvoting
rights:
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N/A
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13. Additional information:
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Silchester International Investors LLP ("Silchester") acts as
investment manager for the clients detailed in Question 4 above
(our "Clients"). In acting for our Clients, Silchester are
given full discretion over their investments and are empowered to
vote on their behalf. However, we do not act as our Clients'
custodian and therefore shares are not held in our name but
in the name of each Client's
custodian bank.
The
increase in Silchester's holdings was due to a series of
transactions over a series of different trading days. The
figure shown in the box related to the position prior to the
transaction represents shares controlled by Silchester immediately
prior to crossing 5%.
Notification
is provided based on the total voting rights figure of
822,120,897.
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14. Contact name:
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Timothy
J. Linehan, Senior Partner
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15. Contact telephone number:
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0207
518 7125
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