PURP.L Regulatory News (PURP)

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)

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

Purplebricks Group plc (Company No. 08047368)

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

Non-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

An event changing the breakdown of voting rights

Other (please specify):

3. Details of person subject to the notification obligation

Name

TIAA-CREF Investment Management, LLC on behalf of the accounts listed in Exhibit B.

Teachers Advisors, LLC on behalf of the funds

listed in Exhibit C.

City and country of registered office (if applicable)

TIAA-CREF Investment Management, LLC - New York, USA

Teachers Advisors, LLC - New York, USA

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

Name

See Number 3.

City and country of registered office (if applicable)

See Number 3.

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

29 March 2019

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

01 April 2019

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

0.339%

0%

0.339%

302,975,306

Position of previous notification (if

applicable)

3.132%

0%

3.132%

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)

GB00BYV2MV74

1,028,165

0

0.339%

0%

SUBTOTAL 8. A

1,028,165

0.339%

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

N/A

N/A

N/A

N/A

N/A

SUBTOTAL 8. B 1

N/A

N/A

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

N/A

N/A

N/A

N/A

N/A

N/A

SUBTOTAL 8.B.2

N/A

N/A

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

X

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)

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

10. In case of proxy voting, please identify:

Name of the proxy holder

TIAA-CREF Investment Management, LLC/Teachers Advisors, LLC

The number and % of voting rights held

N/A

The date until which the voting rights will be held

N/A

11. Additional information

The College Retirement Equities Fund ("CREF") hereby informs you that on March 29, 2019, CREF sold 3,299,768 voting shares of Purplebricks Group plc bringing its holdings to 1,028,165 voting shares equivalent to a voting share ownership percentage of 0.339% of Purplebricks Group plc. CREF owns these shares through one of its investment accounts: the Stock Account. It is our understanding the total voting shares outstanding of Purplebricks Group plc is 302,975,306.

For your information, CREF is a U.S. based investment company, which is registered with the Securities and Exchange Commission ("SEC"). CREF has multiple investment accounts, each with separate investment objectives and policies. All assets in the accounts are beneficially owned by CREF, and all the accounts are managed by TIAA-CREF Investment Management, LLC ("TCIM"), an SEC registered investment adviser.

In addition, Teachers Advisors, LLC ("TAL"), is an SEC registered investment adviser that is affiliated with TCIM. On March 29, 2019, TAL sold 5,340,635 voting shares of Purplebricks Group plc bringing its holdings to 0 voting shares equivalent to a voting share ownership percentage of 0.000% held through the separate accounts that it advises.

A total of 1,028,165 or 0.339% of the outstanding voting shares of Purplebricks Group plc are owned, in aggregate, by CREF and affiliated accounts. Additionally, TCIM and TAL separately and independently vote all proxies for shares held in Purplebricks Group plc. We are aggregating the holdings in Purplebricks Group plc as requested by the current FCA Disclosure and Transparency Rules for purposes of this form.

(See Exhibit A)

Place of completion

TIAA-CREF Investment Management, LLC, 730 Third Avenue, New York, New York 10017-3206 USA

Date of completion

01 April 2019