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

14/03/2022

 (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:

7,171,717

.95

-5,354,768

-.71

(2) Cash-settled derivatives:

551,201

.07

-2,213,981

-.29

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

TOTAL:

7,722,918

1.02

-7,568,749

-1.00

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

31887

GBP 7.6100

GB0006776081

Purchase

121704

GBP 7.6102

GB0006776081

Purchase

350

GBP 7.6400

GB0006776081

Purchase

592

GBP 7.6420

GB0006776081

Purchase

9971

GBP 7.6440

GB0006776081

Purchase

5248

GBP 7.6460

GB0006776081

Purchase

5595

GBP 7.6480

GB0006776081

Purchase

6822

GBP 7.6500

GB0006776081

Purchase

8739

GBP 7.6520

GB0006776081

Purchase

13877

GBP 7.6540

GB0006776081

Purchase

11787

GBP 7.6560

GB0006776081

Purchase

8843

GBP 7.6580

GB0006776081

Purchase

13364

GBP 7.6600

GB0006776081

Purchase

6234

GBP 7.6620

GB0006776081

Purchase

3103

GBP 7.6624

GB0006776081

Purchase

9249

GBP 7.6640

GB0006776081

Purchase

7227

GBP 7.6660

GB0006776081

Purchase

4337

GBP 7.6680

GB0006776081

Purchase

5663

GBP 7.6700

GB0006776081

Purchase

5598

GBP 7.6720

GB0006776081

Purchase

43111

GBP 7.6729

GB0006776081

Purchase

267

GBP 7.6734

GB0006776081

Purchase

4867

GBP 7.6740

GB0006776081

Purchase

3867

GBP 7.6760

GB0006776081

Purchase

934

GBP 7.6761

GB0006776081

Purchase

2862

GBP 7.6780

GB0006776081

Purchase

3495

GBP 7.6797

GB0006776081

Purchase

1193

GBP 7.6800

GB0006776081

Purchase

2642

GBP 7.6820

GB0006776081

Purchase

1334

GBP 7.6840

GB0006776081

Purchase

1401

GBP 7.6860

GB0006776081

Purchase

2102

GBP 7.6880

GB0006776081

Purchase

6154

GBP 7.6900

GB0006776081

Purchase

3226

GBP 7.6920

GB0006776081

Purchase

3655

GBP 7.6940

GB0006776081

Purchase

5404

GBP 7.6960

GB0006776081

Purchase

5014

GBP 7.6980

GB0006776081

Purchase

54923

GBP 7.6989

GB0006776081

Purchase

5497

GBP 7.7000

GB0006776081

Purchase

6971

GBP 7.7020

GB0006776081

Purchase

2807

GBP 7.7038

GB0006776081

Purchase

12299

GBP 7.7040

GB0006776081

Purchase

17644

GBP 7.7050

GB0006776081

Purchase

14563

GBP 7.7052

GB0006776081

Purchase

11630

GBP 7.7053

GB0006776081

Purchase

1487

GBP 7.7055

GB0006776081

Purchase

6547

GBP 7.7060

GB0006776081

Purchase

3351

GBP 7.7080

GB0006776081

Purchase

4851

GBP 7.7100

GB0006776081

Purchase

4364

GBP 7.7120

GB0006776081

Purchase

3270

GBP 7.7140

GB0006776081

Purchase

2000

GBP 7.7143

GB0006776081

Purchase

1361

GBP 7.7144

GB0006776081

Purchase

3559

GBP 7.7148

GB0006776081

Purchase

3169

GBP 7.7160

GB0006776081

Purchase

2132

GBP 7.7180

GB0006776081

Purchase

1547

GBP 7.7200

GB0006776081

Purchase

2244

GBP 7.7220

GB0006776081

Purchase

855

GBP 7.7240

GB0006776081

Purchase

984

GBP 7.7260

GB0006776081

Purchase

3125

GBP 7.7280

GB0006776081

Purchase

1670

GBP 7.7300

GB0006776081

Purchase

3166

GBP 7.7320

GB0006776081

Purchase

2016

GBP 7.7340

GB0006776081

Purchase

2018

GBP 7.7360

GB0006776081

Purchase

1429

GBP 7.7380

GB0006776081

Purchase

750

GBP 7.7400

GB0006776081

Purchase

265

GBP 7.7420

GB0006776081

Purchase

977

GBP 7.7440

GB0006776081

Purchase

1251

GBP 7.7460

GB0006776081

Purchase

270

GBP 7.7480

GB0006776081

Purchase

11108

GBP 7.7498

GB0006776081

Purchase

831

GBP 7.7500

GB0006776081

Purchase

998

GBP 7.7520

GB0006776081

Purchase

1629

GBP 7.7540

GB0006776081

Purchase

1225

GBP 7.7560

GB0006776081

Purchase

1521

GBP 7.7580

GB0006776081

Purchase

1332

GBP 7.7600

GB0006776081

Purchase

926

GBP 7.7620

GB0006776081

Purchase

1716

GBP 7.7640

GB0006776081

Purchase

778

GBP 7.7660

GB0006776081

Purchase

2110

GBP 7.7680

GB0006776081

Purchase

892

GBP 7.7700

GB0006776081

Purchase

400

GBP 7.7720

GB0006776081

Purchase

87

GBP 7.7760

GB0006776081

Purchase

90

GBP 7.7780

GB0006776081

Purchase

481

GBP 7.7800

GB0006776081

Purchase

318

GBP 7.7820

GB0006776081

Purchase

1020

GBP 7.7840

GB0006776081

Purchase

2040

GBP 7.7900

GB0006776081

Purchase

733

GBP 7.7920

GB0006776081

Purchase

4396

GBP 7.7930

GB0006776081

Purchase

544

GBP 7.7940

GB0006776081

Purchase

1041

GBP 7.7960

GB0006776081

Purchase

450

GBP 7.7980

GB0006776081

Purchase

272

GBP 7.8000

GB0006776081

Purchase

870

GBP 7.8060

GB0006776081

Purchase

919

GBP 7.8080

GB0006776081

Purchase

1355

GBP 7.8100

GB0006776081

Purchase

1040

GBP 7.8120

GB0006776081

Purchase

820

GBP 7.8140

GB0006776081

Purchase

148

GBP 7.8180

GB0006776081

Purchase

653

GBP 7.8220

GB0006776081

Purchase

73

GBP 7.8240

GB0006776081

Purchase

294

GBP 7.8280

GB0006776081

Purchase

1026

GBP 7.8300

GB0006776081

Purchase

349

GBP 7.8320

GB0006776081

Purchase

488

GBP 7.8340

GB0006776081

Purchase

720

GBP 7.8360

GB0006776081

Purchase

899

GBP 7.8380

GB0006776081

Purchase

875

GBP 7.8400

GB0006776081

Purchase

2102

GBP 7.8420

GB0006776081

Purchase

1570

GBP 7.8440

GB0006776081

Purchase

816

GBP 7.8460

GB0006776081

Purchase

936

GBP 7.8480

GB0006776081

Purchase

1685

GBP 7.8500

GB0006776081

Purchase

320

GBP 7.8520

GB0006776081

Purchase

1372

GBP 7.8540

GB0006776081

Purchase

625

GBP 7.8560

GB0006776081

Purchase

19

GBP 7.8600

GB0006776081

Purchase

123

GBP 7.8640

GB0006776081

Purchase

252

GBP 7.8680

GB0006776081

Purchase

649

GBP 7.8720

GB0006776081

Purchase

517

GBP 7.8740

GB0006776081

Purchase

555

GBP 7.8760

GB0006776081

Purchase

687

GBP 7.8780

GB0006776081

Purchase

58

GBP 7.8800

GB0006776081

Sell

-1487

GBP 7.6089

GB0006776081

Sell

-39566

GBP 7.6100

GB0006776081

Sell

-62323

GBP 7.6379

GB0006776081

Sell

-8172

GBP 7.6500

GB0006776081

Sell

-3719

GBP 7.6520

GB0006776081

Sell

-12

GBP 7.6540

GB0006776081

Sell

-2380

GBP 7.6580

GB0006776081

Sell

-988

GBP 7.6600

GB0006776081

Sell

-400

GBP 7.6640

GB0006776081

Sell

-389

GBP 7.6660

GB0006776081

Sell

-968

GBP 7.6680

GB0006776081

Sell

-1030

GBP 7.6700

GB0006776081

Sell

-1043

GBP 7.6720

GB0006776081

Sell

-267

GBP 7.6734

GB0006776081

Sell

-267

GBP 7.6734

GB0006776081

Sell

-58

GBP 7.6740

GB0006776081

Sell

-1100

GBP 7.6760

GB0006776081

Sell

-11353

GBP 7.6808

GB0006776081

Sell

-108

GBP 7.6840

GB0006776081

Sell

-873

GBP 7.6920

GB0006776081

Sell

-189

GBP 7.6960

GB0006776081

Sell

-1658

GBP 7.7000

GB0006776081

Sell

-105

GBP 7.7020

GB0006776081

Sell

-1082

GBP 7.7040

GB0006776081

Sell

-1593

GBP 7.7060

GB0006776081

Sell

-30913

GBP 7.7080

GB0006776081

Sell

-32

GBP 7.7100

GB0006776081

Sell

-425

GBP 7.7140

GB0006776081

Sell

-24078

GBP 7.7142

GB0006776081

Sell

-1259

GBP 7.7400

GB0006776081

Sell

-494

GBP 7.7660

GB0006776081

Sell

-488

GBP 7.8000

GB0006776081

Sell

-658

GBP 7.8480

GB0006776081

Sell

-1026

GBP 7.8940

(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:

15/03/2022

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