RBS.L Regulatory News (RBS)

For filings with the FCA include the annex

For filings with issuer exclude the annex

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii

Benchmark Holdings plc

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

X

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

An event changing the breakdown of voting rights

Other (please specify):

3. Full name of person(s) subject to thenotification obligation: iii

The Royal Bank of Scotland Group plc

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

INVE B.V.

5. Date of the transaction and date onwhich the threshold is crossed orreached: v

31/12/2015

6. Date on which issuer notified:

05/01/2016

7. Threshold(s) that is/are crossed orreached: vi, vii

6%

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type ofshares

if possible usingthe ISIN CODE

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

Numberof shares

Number of votingrights

% of voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

Ord GBP 0.001

0

0

32,396,158

32,396,158

6.84%

GB00BGHPT808

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate xiii

Exercise/Conversion Period xiv

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financialinstrument

Exercise price

Expiration date xvii

Exercise/Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

32,396,158

6.84%

9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi

The Royal Bank of Scotland Group plc

RFS Holdings B.V.

RBS Holdings N.V.

The Royal Bank of Scotland N.V.

Alternative Investment Fund B.V.

Herge Holding B.V. (formerly INVE B.V.)

Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will ceaseto hold:

12. Date on which proxy holder will cease to holdvoting rights:

13. Additional information:

This Notification is based upon the Voting Rights figure of 473,907,337 disclosed in the issuer's Regulatory Announcement dated 31st December 2015. Alternative Investment Fund B.V. (wholly owned by RBS Group plc) owns 63% of the share capital in INVE B.V. Therefore, AIF owns 63% of INVE's total holding of 32, 396,158 Benchmark Holdings plc shares.

14. Contact name:

Richard Hopkins

15. Contact telephone number:

0207 672 0354