Premier Foods Regulatory News (PFD)

NOTIFICATION OF MAJOR HOLDINGS

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

Premier Foods PLC

GB00B7N0K053

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

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

No

An event changing the breakdown of voting rights

No

Other (please specify):

No

3. Details of person subject to the notification obligation

Name

Oasis Management Company Ltd.

City and country of registered office (if applicable)

Cayman Islands

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

Name

Oasis Investments II Master Fund Ltd.

City and country of registered office (if applicable)

Cayman Islands

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

12 August 2020

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

14 August 2020

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

% of voting rights attached to shares (total of 8. A)

% of voting rights through financial instruments(total of 8.B 1 + 8.B 2)

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

Total number of voting rights of issuer

Resulting situation on the date on which threshold was crossed or reached

10.06%

0.4%

10.46%

88,879,841

Position of previous notification (if

applicable)

11.95%

0.1%

12.05%

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

A: Voting rights attached to shares

Class/type ofshares

ISIN code (if possible)

Number of voting rights

% 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)

GB00B7N0K053

-

85,488,822

-

10.06%

SUBTOTAL 8. A

85,488,822

10.06%

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

Type of financial instrument

Expirationdate

Exercise/Conversion Period

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

exercised/converted.

% of voting rights

Total Return Swap

N/A

N/A

3,391,019

0.4%

SUBTOTAL 8. B 1

3,391,019

0.4%

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

Expirationdate

Exercise/Conversion Period

Physical or cash

settlement

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) issuer

Full chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held starting with the ultimate controlling natural person or legal entity (please add additional rows as necessary)

X

Name

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

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

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

Seth Hillel Fischer

Oasis Management Company Ltd.

10.46%

-

10.46%

10. In case of proxy voting, please identify:

Name of the proxy holder

Not Applicable

The number and % of voting rights held

Not Applicable

The date until which the voting rights will be held

Not Applicable

11. Additional information

Not Applicable

Place of completion

Hong Kong

Date of completion

14 August 2020