TR-1

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

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

St Peter Port Capital Limited

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

Non-UK issuer

x

2. Reason for the notification (please mark the appropriate box or boxes with an "X")

An acquisition or disposal of voting rights

An acquisition or disposal of financial instruments

An event changing the breakdown of voting rights

Other (please specify)iii:

x

3. Details of person subject to the notification obligationiv

Name

Dalton Investments LLC

City and country of registered office (if applicable)

Santa Monica, California, USA

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

Name

1. Discretionary Accounts for Dalton Investments LLC

2. Discretionary Account for Rosenwald Capital Management

City and country of registered office (if applicable)

Santa Monica, California, USA

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

6 March 2018

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

14 March 2018

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 issuervii

Resulting situation on the date on which threshold was crossed or reached

4.594%

N/A

4.594%

64,221,500

Position of previous notification (if

applicable)

8.93%

N/A

8.93%

8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii

A: Voting rights attached to shares

Class/type ofshares

ISIN code (if possible)

Number of voting rightsix

% 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)

GG00B1V4NS68

2,950,100

4.594%

SUBTOTAL 8. A

2,950,100

4.594%

B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))

Type of financial instrument

Expirationdatex

Exercise/Conversion Periodxi

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

Expirationdatex

Exercise/Conversion Period xi

Physical or cash

settlementxii

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) issuerxiii

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 entityxiv (please add additional rows as necessary)

x

Namexv

% 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

James B. Rosenwald III and Gifford Combs, portfolio managers at both Dalton Investments LLC and Rosenwald Capital Management, Inc., investment managers for discretionary client accounts

4.594%

N/A

4.594%

10. In case of proxy voting, please identify:

Name of the proxy holder

1. Discretionary Accounts for Dalton Investments LLC

2. Discretionary Account for Rosenwald Capital Management

The number and % of voting rights held

2,950,100, 4.594%

The date until which the voting rights will be held

Indefinite - until termination

11. Additional informationxvi

Place of completion

Santa Monica, California, USA

Date of completion

9 March 2018