Driver Grp Regulatory News (DRV)

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached:

Driver Group plc

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 may result in the acquisition of shares already issued to which voting rights are attached

No

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

No

An event changing the breakdown of voting rights

Yes

Other (please specify):

N/A

3. Full name of person(s) subject to thenotification obligation:

Livingbridge VC LLP

4. Full name of shareholder(s) (if different from 3.):

Baronsmead Venture Trust plc - 4.09%

Baronsmead Second Venture Trust plc - 5.50%

Wood Street Microcap Investment Fund - 5.15%

5. Date of the transaction and date onwhich the threshold is crossed orreached:

10/03/2017

6. Date on which issuer notified:

14/03/2017

7. Threshold(s) that is/are crossed orreached:

15%

8. Notified details:

A: Voting rights attached to shares

Class/type ofshares

if possible usingthe ISIN CODE

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

Numberof shares

Number of votingrights

% of voting rights x

Direct

Direct

Indirect

Direct

Indirect

Ord GBP0.4

GB00B0L9C092

5,115,805

15.92%

7,865,805

14.74%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate

Exercise/Conversion Period

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Exercise price

Expiration date

Exercise/Conversion period

Number of voting rights instrument refers to

% of voting rights

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

7,865,805

14.74%

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

Livingbridge VC LLP

Baronsmead Venture Trust plc

Baronsmead Second Venture Trust plc

Registered in the name of JP Morgan

Livingbridge VC LLP

Wood Street Microcap Investment Fund

Registered in the name of Bank of New York Mellon

Proxy Voting:

10. Name of the proxy holder:

Livingbridge VC LLP

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:

14. Contact name:

Karen Huxley

15. Contact telephone number:

020 7506 5643