DVO.L Regulatory News (DVO)

1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are at- tachedii:

Devro PLC

1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate)

Non-UK issuer

2. Reason for the notification (please mark the appropriate box or boxes with an "X")

An acquisition or disposal of voting rights

X

An acquisition or disposal of financial instruments

An event changing the breakdown of voting rights

Other (please specify)iii:

3. Details of person subject to the notification obligationiv

Name

Blackmoor Investment Partners LLC

City and country of registered office (if applicable)

Cayman Islands

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

Name

(1) Blackmoor Ownership Holdings Limited (Cay- man Islands);

(2) Blackmoor Ownership Holdings LP (Delaware,

USA);

(3) Blackmoor Ownership Holdings Master Limited

(Cayman Islands),

each as counterparty to an investment manage- ment agreement with Blackmoor Investment Part- ners LLC

City and country of registered office (if applicable)

-

5. Date on which the threshold was crossed or reachedvi:

06/12/2018

6. Date on which issuer notified (DD/MM/YYYY):

10/12/2018

7. Total positions of person(s) subject to the notification obligation

% of voting rights at- tached to shares (to- tal of 8. A)

% of voting rights through financial instru- ments

(total of 8.B 1 + 8.B 2)

Total of both in % (8.A + 8.B)

Total number of voting rights of is- suervii

Resulting situation

on the date on which threshold was crossed or reached

4.1%

4.1%

6,850,227

Position of previous notification (if applicable)

3.7%

3.7%

8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii

A: Voting rights attached to shares

Class/type of shares

ISIN code (if possible)

Number of voting rightsix

% of voting rights

Direct

(Art 9 of Directive

2004/109/EC) (DTR5.1)

Indirect

(Art 10 of Directive

2004/109/EC) (DTR5.2.1)

Direct

(Art 9 of Directive

2004/109/EC) (DTR5.1)

Indirect

(Art 10 of Directive

2004/109/EC) (DTR5.2.1)

Ordinary shares

GB0002670437

6,850,227

4.1%

SUBTOTAL 8. A

6,850,227

4.1%

B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))

Type of financial in- strument

Expiration datex

Exercise/ Conversion Periodxi

Number of voting rights that may be acquired if the instrument is

exercised/converted.

% of voting rights

SUBTOTAL 8. B 1

B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive

2004/109/EC (DTR5.3.1.1 (b))

Type of financial instrument

Expiration datex

Exercise/ Conversion Pe- riod xi

Physical or cash settlementxii

Number of voting rights

% of voting rights

SUBTOTAL

8.B.2

9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X")

Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii

Full chain of controlled undertakings through which the voting rights and/or the

financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv

(please add additional rows as necessary)

X

Namexv

% of voting rights if it equals or is higher than the notifiable threshold

% of voting rights through financial in- struments if it equals

or is higher than the

notifiable threshold

Total of both if it equals or is higher than the notifiable threshold

Mr Douglas Smith

4.1%

N/A

4.1%

Blackmoor Investment

Partners LLC

4.1%

N/A

4.1%

10. In case of proxy voting, please identify:

Name of the proxy holder

N/A

The number and % of voting rights held

N/A

The date until which the voting rights will be held

N/A

Place of completion

London, UK

Date of completion

10/12/2018