MCS.L Regulatory News (MCS)

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

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

Other (please specify):

Due to a systematic issue which has now been resolved, positions arising under certain cash-settled financial instruments were not included in our position calculations of voting rights relating to issuer McCarthy & Stone plc. The position we are now disclosing reflects our current holding in this issuer.

x

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

The Goldman Sachs Group, Inc.

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

Goldman Sachs International

ELQ Investors VIII Ltd

Goldman Sachs & Co. LLC

Goldman Sachs Asset Management, L.P.

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

19 June 2017

6. Date on which issuer notified:

21 June 2017

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

Above 8%

8. Notified details:

A: Voting rights attached to shares viii, ix

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 xi

Indirect xii

Direct

Indirect

GB00BYNVD082

Below 3%

Below 3%

10,029,878

1.87%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate xiii

Exercise/Conversion Period xiv

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

% of votingrights

Stock Loan (Physical)

773,343

0.14%

Total (A+B+C)

Number of voting rights

Percentage of voting rights

46,649,374

8.68%

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

The Goldman Sachs Group, Inc.; 46,649,374 shares; 8.68%

Goldman Sachs (UK) L.L.C. (Controlled by The Goldman Sachs Group, Inc.); 36,582,506 shares; 6.81%

Goldman Sachs Group UK Limited (Controlled by Goldman Sachs (UK) L.L.C.); 36,582,506 shares; 6.81%

Goldman Sachs International (Controlled by Goldman Sachs Group UK Limited); 36,582,506 shares; 6.81%

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)

Goldman Sachs & Co. LLC (Controlled by The Goldman Sachs Group, Inc.)

GSAM Holdings LLC (Controlled by The Goldman Sachs Group, Inc.)

Goldman Sachs Asset Management, L.P. (Controlled by GSAM Holdings LLC)

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 19 June 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

Swap

17-Jul-2017

13,762,820

2.56%

Swap

5-Feb-2018

9,826,262

1.83%

Swap

17-Dec-2019

8,509,981

1.58%

CFD

25-Nov-2026

1,415,387

0.26%

CFD

13-Aug-2026

458,725

0.09%

CFD

10-Dec-2025

345,816

0.06%

CFD

9-Dec-2026

281,362

0.05%

CFD

28-Apr-2027

249,179

0.05%

CFD

3-Mar-2027

225,411

0.04%

CFD

25-Nov-2026

194,280

0.04%

CFD

11-Jun-2027

115,355

0.02%

CFD

25-Nov-2026

104,093

0.02%

CFD

18-Jun-2027

75,300

0.01%

CFD

14-Apr-2027

72,758

0.01%

Swap

17-May-2018

48,700

0.01%

CFD

10-Dec-2025

43,030

0.01%

CFD

7-Apr-2027

37,502

0.01%

Swap

17-May-2018

31,000

0.01%

CFD

16-Jun-2027

17,570

0.003%

CFD

18-Jun-2027

15,534

0.003%

CFD

5-Jun-2018

5,788

0.001%

CFD

17-Jun-2027

4,000

0.001%

Swap

19-Jun-2018

3,800

0.001%

Swap

19-Jun-2018

2,500

0.0005%

Total Number of voting rights and percentage of voting rights

35,846,153

6.67%