MCS.L Regulatory News (MCS)

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

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

McCarthy & Stone plc

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

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

An event changing the breakdown of voting rights

X

Other (please specify):

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

The Goldman Sachs Group, Inc.

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

Goldman Sachs International

ELQ Investors VIII Ltd

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

26 April 2017

6. Date on which issuer notified:

28 April 2017

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

N/A

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

Direct

Direct

Indirect

Direct

Indirect

GB00BYNVD082

10,162,005

10,162,005

34,029,761

6.33%

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

Total (A+B+C)

Number of voting rights

Percentage of voting rights

37,226,837

6.93%

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

The Goldman Sachs Group, Inc.; 37,226,837 shares; 6.93%

Goldman Sachs (UK) L.L.C. (Controlled by The Goldman Sachs Group, Inc.); 27,226,837 shares; 5.03%

Goldman Sachs Group UK Limited (Controlled by Goldman Sachs (UK) L.L.C.); 27,226,837 shares; 5.03%

Goldman Sachs International (Controlled by Goldman Sachs Group UK Limited); 27,226,837 shares; 5.03%

Goldman Sachs (UK) L.L.C. (Controlled by The Goldman Sachs Group, Inc.)

Goldman Sachs Group UK Limited (Controlled by Goldman Sachs (UK) L.L.C.)

Goldman Sachs Group Holdings (U.K.) Limited (Controlled by Goldman Sachs Group UK Limited)

ELQ Investors VIII Ltd (Controlled by Goldman Sachs Group Holdings (U.K.) Limited)

Proxy Voting:

10. Name of the proxy holder:

N/A

11. Number of voting rights proxy holder will ceaseto hold:

N/A

12. Date on which proxy holder will cease to holdvoting rights:

N/A

13. Additional information:

Please note, total amount of voting rights have been rounded to 2 decimal places therefore there is a possibility of a rounding error.

General email contact:

shareholderdisclosures@gs.com

14. Contact name:

Joanna Foley

15. Contact telephone number:

+44 207 051 9996

Annexure A

Attached to notification of voting rights given in fulfilment of the obligations imposed by the FCA in accordance with DTR5 (including section 5.8.1). by The Goldman Sachs Group, Inc. dated 26 April 2017 for itself and its subsidiaries in relation to McCarthy & Stone plc

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

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date

Exercise/ Conversion period

Number of voting rights instrument refers to

% of voting rights

Nominal

Delta

CFD

13-Aug-2026

417,011

0.08%

CFD

25-Nov-2026

1,415,367

0.26%

CFD

25-Nov-2026

226,088

0.04%

CFD

25-Nov-2026

119,480

0.02%

CFD

9-Dec-2026

288,456

0.05%

CFD

24-Feb-2027

23,627

0.004%

CFD

3-Mar-2027

164,930

0.03%

Swap

19-Mar-2018

2,400

0.0004%

CFD

7-Apr-2027

37,501

0.0070%

CFD

8-Apr-2027

73,901

0.01%

Swap

18-Apr-2018

4,900

0.001%

Swap

18-Apr-2018

3,700

0.001%

Swap

18-Apr-2018

5,800

0.001%

Swap

18-Apr-2018

33,600

0.006%

CFD

14-Apr-2027

12,519

0.002%

Swap

18-Apr-2018

1,600

0.0003%

Swap

18-Apr-2018

2,100

0.0004%

Swap

18-Apr-2018

3,300

0.0006%

Swap

17-May-2018

6,500

0.001%

Swap

17-May-2018

10,100

0.002%

Swap

17-May-2018

13,200

0.002%

Swap

17-May-2018

20,700

0.004%

Swap

17-May-2018

6,500

0.001%

Swap

17-May-2018

10,200

0.002%

CFD

25-Apr-2018

2,095

0.0004%

CFD

28-Apr-2027

291,501

0.05%

Total Number of voting rights and percentage of voting rights

3,197,076

0.60%

Additional information: Please note, total amount of voting rights have been rounded to 2 decimal places therefore there is a possibility of a rounding error.