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

29/03/2022

 (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:

7,893,563

1.04

-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:

8,326,172

1.10

-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

510

GBP 7.7040

GB0006776081

Purchase

263

GBP 7.8140

GB0006776081

Purchase

221

GBP 7.8160

GB0006776081

Purchase

480

GBP 7.8200

GB0006776081

Purchase

470

GBP 7.8240

GB0006776081

Purchase

392

GBP 7.8260

GB0006776081

Purchase

147

GBP 7.8280

GB0006776081

Purchase

774

GBP 7.8300

GB0006776081

Purchase

368

GBP 7.8380

GB0006776081

Purchase

418

GBP 7.8420

GB0006776081

Purchase

97

GBP 7.8440

GB0006776081

Purchase

535

GBP 7.8460

GB0006776081

Purchase

2130

GBP 7.8480

GB0006776081

Purchase

588

GBP 7.8500

GB0006776081

Purchase

64

GBP 7.8520

GB0006776081

Purchase

259

GBP 7.8560

GB0006776081

Purchase

5

GBP 7.8580

GB0006776081

Purchase

754

GBP 7.8580

GB0006776081

Purchase

427

GBP 7.8600

GB0006776081

Purchase

102

GBP 7.8620

GB0006776081

Purchase

100

GBP 7.8640

GB0006776081

Purchase

40

GBP 7.8660

GB0006776081

Purchase

102

GBP 7.8720

GB0006776081

Purchase

441

GBP 7.8740

GB0006776081

Purchase

2573

GBP 7.9020

GB0006776081

Purchase

1012

GBP 7.9240

GB0006776081

Purchase

45

GBP 7.9260

GB0006776081

Purchase

241

GBP 7.9560

GB0006776081

Purchase

335

GBP 7.9660

GB0006776081

Purchase

906

GBP 8.0100

GB0006776081

Purchase

616

GBP 8.0160

GB0006776081

Purchase

513

GBP 8.0180

GB0006776081

Purchase

199

GBP 8.0220

GB0006776081

Purchase

248

GBP 8.0280

GB0006776081

Purchase

90

GBP 8.0380

GB0006776081

Purchase

163

GBP 8.0400

GB0006776081

Sell

-7

GBP 7.8380

GB0006776081

Sell

-92

GBP 7.8400

GB0006776081

Sell

-400

GBP 7.8480

GB0006776081

Sell

-40

GBP 7.8500

GB0006776081

Sell

-35779

GBP 7.8580

GB0006776081

Sell

-5

GBP 7.8580

GB0006776081

Sell

-333

GBP 7.8700

GB0006776081

Sell

-745

GBP 7.9000

GB0006776081

Sell

-300

GBP 7.9020

GB0006776081

Sell

-3

GBP 7.9320

GB0006776081

Sell

-300

GBP 7.9340

GB0006776081

Sell

-368

GBP 7.9380

GB0006776081

Sell

-195

GBP 7.9400

GB0006776081

Sell

-213

GBP 7.9440

GB0006776081

Sell

-487

GBP 7.9460

GB0006776081

Sell

-184

GBP 7.9480

GB0006776081

Sell

-100

GBP 7.9500

GB0006776081

Sell

-204

GBP 7.9520

(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

GB0006776081

Contract for Difference

Reducing Long Position

-122

7.9800 GBP

GB0006776081

Contract for Difference

Reducing Short Position

-14,588

7.9230 GBP

(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:

30/03/2022

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