Holding(s) in Company - Watchstone Group Plc

TR-1: Notification of major interest in sharesⁱ
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:ⁱⁱ									Watchstone Group 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									X
Other (please specify):
3. Full name of person(s) subject to the notification obligation:ⁱⁱⁱ									The Goldman Sachs Group, Inc.
4. Full name of shareholder(s) (if different from 3.):^iv									Goldman Sachs International
5. Date of the transaction and date on which the threshold is crossed or reached:^v									08 March 2017
6. Date on which issuer notified:									10 March 2017
7. Threshold(s) that is/are crossed or reached: ^{vi, vii}									N/A

8. Notified details:
A: Voting rights attached to shares^{viii, ix}
Class/type of shares if possible using the ISIN CODE	Situation previous to the triggering transaction		Resulting situation after the triggering transaction
	Number of Shares	Number of Voting Rights	Number of shares	Number of voting rights		% of voting rights x
			Direct	Direct^xi	Indirect^xii	Direct	Indirect
GB00BYNBFN51	2,787,474	2,787,474			2,738,825		5.95%

B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument	Expiration date ^xiii	Exercise/Conversion Period ^xiv	Number of voting rights that may be acquired if the instrument is exercised/ converted.	% of voting rights
Stock Loan (Physical)	Open		57,327	0.12%

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments ^{xv, xvi}
Resulting situation after the triggering transaction
Type of financial instrument	Exercise price	Expiration date^xvii	Exercise/Conversion period^xviii	Number of voting rights instrument refers to	% of voting rights^{xix, xx}
					Nominal	Delta
CFD (Cash)		01-May-2026		1,373
						0.003%
CFD (Cash)		02-Oct-2026		13,519
						0.03%
CFD (Cash)		07-Oct-2026		42,730
						0.09%

Total (A+B+C)
Number of voting rights						Percentage of voting rights
2,853,774						6.20%

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

The Goldman Sachs Group, Inc.; 2,853,774 shares; 6.20%Goldman Sachs (UK) L.L.C. (Controlled by The Goldman Sachs Group, Inc.) ; 2,853,774 shares; 6.20%

Goldman Sachs Group UK Limited (Controlled by Goldman Sachs (UK) L.L.C.) ; 2,853,774 shares; 6.20%

Goldman Sachs International (Controlled by Goldman Sachs Group UK Limited) ; 2,853,774 shares; 6.20%

Proxy Voting:
10. Name of the proxy holder:									N/A
11. Number of voting rights proxy holder will cease to hold:									N/A
12. Date on which proxy holder will cease to hold voting rights:									N/A

13. Additional information:

Please note, total amount of voting rights have been rounded to 2 decimal places therefore there is a possibility of a rounding error.

General email contact:

shareholderdisclosures@gs.com

14. Contact name:

Joanna Foley

15. Contact telephone number:

+44 207 051 9996

Watchstone Group office