Pearson Regulatory News (PSON)

1.

KEY INFORMATION

 (a) Full name of discloser:

BNP Paribas SA

 (b) Owner or controller of interests and short positions disclosed, if different from 1(a):

The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.

 (c) Name of offeror/offeree in relation to whose relevant securities this form relates:

Use a separate form for each offeror/offeree

Pearson plc

 (d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:

 (e) Date position held/dealing undertaken:

For an opening position disclosure, state the latest practicable date prior to the disclosure

30/03/2022

 (f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?

If it is a cash offer or possible cash offer, state "N/A"

No:

2.

POSITIONS OF THE PERSON MAKING THE DISCLOSURE

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

(a)

Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

Class of relevant security:

25p ordinary (GB0006776081)

Interests

Short Positions

Number

%

Number

%

(1) Relevant securities owned and/or controlled:

7,873,336

1.03

-5,106,243

-.67

(2) Cash-settled derivatives:

432,609

.06

-2,898,763

-.38

(3) Stock-settled derivatives (including options) and agreements to purchase/sell:

TOTAL:

8,305,945

1.09

-8,005,006

-1.06

All interests and all short positions should be disclosed.

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

(b)

Rights to subscribe for new securities (including directors'' and other employee options)

Class of relevant security in relation to which subscription right exists:

Details, including nature of the rights concerned and relevant percentages:

3.

DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

The currency of all prices and other monetary amounts should be stated.

(a)

Purchases and sales

Class of relevant

security

Purchase/sale

Number of

securities

Price per unit

GB0006776081

Purchase

648

GBP 6.8700

GB0006776081

Purchase

647

GBP 6.8860

GB0006776081

Purchase

647

GBP 6.9980

GB0006776081

Purchase

856

GBP 7.2620

GB0006776081

Purchase

206

GBP 7.2980

GB0006776081

Purchase

646

GBP 7.3000

GB0006776081

Purchase

2338

GBP 7.3060

GB0006776081

Purchase

594

GBP 7.3080

GB0006776081

Purchase

1001

GBP 7.3120

GB0006776081

Purchase

786

GBP 7.3160

GB0006776081

Purchase

282

GBP 7.3540

GB0006776081

Purchase

4

GBP 7.3920

GB0006776081

Purchase

6977

GBP 7.3920

GB0006776081

Purchase

279

GBP 7.4240

GB0006776081

Purchase

37

GBP 7.4280

GB0006776081

Purchase

282

GBP 7.4460

GB0006776081

Purchase

244

GBP 7.4580

GB0006776081

Purchase

80

GBP 7.4600

GB0006776081

Purchase

293

GBP 7.4640

GB0006776081

Purchase

295

GBP 7.4700

GB0006776081

Purchase

301

GBP 7.7660

GB0006776081

Purchase

227

GBP 7.7800

GB0006776081

Purchase

257

GBP 7.7820

GB0006776081

Purchase

248

GBP 7.7860

GB0006776081

Purchase

137

GBP 7.8000

GB0006776081

Purchase

240

GBP 7.8060

GB0006776081

Purchase

109

GBP 7.8140

GB0006776081

Sell

-195

GBP 6.8180

GB0006776081

Sell

-200

GBP 6.8200

GB0006776081

Sell

-264

GBP 6.8340

GB0006776081

Sell

-300

GBP 6.8380

GB0006776081

Sell

-99

GBP 6.8500

GB0006776081

Sell

-647

GBP 6.8600

GB0006776081

Sell

-298

GBP 6.8620

GB0006776081

Sell

-1

GBP 6.8740

GB0006776081

Sell

-647

GBP 6.8760

GB0006776081

Sell

-270

GBP 6.8960

GB0006776081

Sell

-100

GBP 6.9060

GB0006776081

Sell

-230

GBP 6.9080

GB0006776081

Sell

-100

GBP 6.9160

GB0006776081

Sell

-250

GBP 6.9180

GB0006776081

Sell

-647

GBP 6.9240

GB0006776081

Sell

-409

GBP 6.9420

GB0006776081

Sell

-288

GBP 6.9460

GB0006776081

Sell

-241

GBP 6.9580

GB0006776081

Sell

-100

GBP 6.9660

GB0006776081

Sell

-240

GBP 6.9680

GB0006776081

Sell

-255

GBP 6.9700

GB0006776081

Sell

-275

GBP 6.9820

GB0006776081

Sell

-258

GBP 7.0020

GB0006776081

Sell

-250

GBP 7.0060

GB0006776081

Sell

-246

GBP 7.0080

GB0006776081

Sell

-275

GBP 7.0420

GB0006776081

Sell

-250

GBP 7.1280

GB0006776081

Sell

-646

GBP 7.2380

GB0006776081

Sell

-244

GBP 7.2580

GB0006776081

Sell

-260

GBP 7.2640

GB0006776081

Sell

-549

GBP 7.2740

GB0006776081

Sell

-258

GBP 7.2760

GB0006776081

Sell

-420

GBP 7.2860

GB0006776081

Sell

-441

GBP 7.2920

GB0006776081

Sell

-275

GBP 7.2940

GB0006776081

Sell

-255

GBP 7.3080

GB0006776081

Sell

-330

GBP 7.3120

GB0006776081

Sell

-385

GBP 7.3140

GB0006776081

Sell

-365

GBP 7.3200

GB0006776081

Sell

-330

GBP 7.3220

GB0006776081

Sell

-295

GBP 7.3240

GB0006776081

Sell

-465

GBP 7.3260

GB0006776081

Sell

-278

GBP 7.3280

GB0006776081

Sell

-195

GBP 7.3300

GB0006776081

Sell

-340

GBP 7.3320

GB0006776081

Sell

-100

GBP 7.3360

GB0006776081

Sell

-100

GBP 7.3420

GB0006776081

Sell

-250

GBP 7.3540

GB0006776081

Sell

-494

GBP 7.3580

GB0006776081

Sell

-290

GBP 7.3640

GB0006776081

Sell

-298

GBP 7.3660

GB0006776081

Sell

-7422

GBP 7.3920

GB0006776081

Sell

-4

GBP 7.3920

GB0006776081

Sell

-241

GBP 7.4240

GB0006776081

Sell

-330

GBP 7.4300

GB0006776081

Sell

-292

GBP 7.4320

GB0006776081

Sell

-195

GBP 7.4380

GB0006776081

Sell

-285

GBP 7.4520

GB0006776081

Sell

-445

GBP 7.4600

GB0006776081

Sell

-412

GBP 7.7680

GB0006776081

Sell

-911

GBP 7.7720

GB0006776081

Sell

-280

GBP 7.7740

GB0006776081

Sell

-640

GBP 7.7780

GB0006776081

Sell

-317

GBP 7.7800

GB0006776081

Sell

-768

GBP 7.7820

GB0006776081

Sell

-294

GBP 7.7840

GB0006776081

Sell

-256

GBP 7.7860

GB0006776081

Sell

-499

GBP 7.7880

GB0006776081

Sell

-620

GBP 7.7900

GB0006776081

Sell

-876

GBP 7.7920

GB0006776081

Sell

-250

GBP 7.7940

GB0006776081

Sell

-1115

GBP 7.7960

GB0006776081

Sell

-440

GBP 7.7980

GB0006776081

Sell

-137

GBP 7.8000

GB0006776081

Sell

-332

GBP 7.8020

GB0006776081

Sell

-265

GBP 7.8040

GB0006776081

Sell

-909

GBP 7.8060

GB0006776081

Sell

-799

GBP 7.8100

GB0006776081

Sell

-973

GBP 7.8120

GB0006776081

Sell

-104

GBP 7.8160

GB0006776081

Sell

-583

GBP 7.8180

GB0006776081

Sell

-783

GBP 7.8200

GB0006776081

Sell

-627

GBP 7.8220

GB0006776081

Sell

-459

GBP 7.8240

GB0006776081

Sell

-230

GBP 7.8260

GB0006776081

Sell

-259

GBP 7.8300

GB0006776081

Sell

-179

GBP 7.8320

GB0006776081

Sell

-159

GBP 7.8360

(b)

Cash-settled derivative transactions

Class of

relevant

security

Product

description

e.g. CFD

Nature of dealing

e.g. opening/closing a

long/short position

increasing/reducing a

long/short position

Number of

references

securities

Price per

unit

(c)

Stock-settled derivative transactions (including options)

(i)

Writing, selling, purchasing or varying

Class

of

relevant

security

Product

description

e.g. call

option

Writing,

purchasing,

selling,

varying etc.

Number

of

securities

to which

option

relates

Exercise

price

per unit

Type

e.g.

American

European

etc.

Expiry

date

Option

money

paid/

received

per unit

(ii)

Exercise

Class of

relevant

security

Product

description

e.g. call option

Exercising/

exercised

against

Number of

securities

Exercise price

per unit

(d)

Other dealings (including subscribing for new securities)

Class of relevant

security

Nature of dealing

e.g. subscription, conversion

Details

Price per unit (if

applicable)

4.

Other Information

(a)

Indemnity and other dealing arrangements

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:

Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state "none"

(b)

Indemnity and other dealing arrangements

Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:

(i) the voting rights of any relevant securities under any option; or

(ii) the voting rights or future acquisition or disposal of any relevant securities to which

any derivative is referenced:

If there are no such agreements, arrangements or understandings, state "none"

(c)

Attachments

Is a supplemental Form 8 (Open Positions) attached?

No

Date of Disclosure:

31/03/2022

Contact Name

Compliance Control Room

Telephone Number:

0207 595 9695

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on +44 (0)20 7638 0129.

*If the discloser is a natural person, a telephone number does not need to be included, provided contact information has been provided to the Panel's Market Surveillance Unit.

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk