Titon Regulatory News (TON)

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

Titon Holdings Plc

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

An acquisition or disposal of voting rights

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):

Change to the sponsor of MI Discretionary Unit Fund

P

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

MI Discretionary Unit Fund

Thornbridge Investment Management LLP

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

HSBC CREST ID BH01 - Member a/c: DUFM 947021

Northern Trust CREST ID: CI01 A/c PFX01

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

26 September 2016

6. Date on which issuer notified:

27 September 2016

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

5%

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

Ordinary Shares 10p each

GB0001870228

N/A

N/A

800,000

800,000

7.37%

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

800,000

7.37%

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

Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will cease to hold:

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

13. Additional information:

Notification made as the new sponsor of the MI Discretionary Unit Fund.

14. Contact name:

George Bayer

pp: Maitland Administration Services Limited - Corporate Secretary

15. Contact telephone number:

01245 398950