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									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 the notification obligation:ⁱⁱⁱ									JPMorgan Chase & Co.
4. Full name of shareholder(s) (if different from 3.):^iv									J.P. Morgan Securities Plc
5. Date of the transaction and date on which the threshold is crossed or reached:^v									20 February 2017
6. Date on which issuer notified:									22 February 2017
7. Threshold(s) that is/are crossed or reached: ^{vi, vii}									3%, 4%, 5% Upwards

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	Below minimum threshold	Below minimum threshold			2,324,492		5.05%

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

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

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

Total disclosable holding for JPMorgan Chase & Co. : 2,324,492 (5.05%)

Direct: J.P. Morgan Securities Plc: 2,324,492 (5.05%)

Chain of control:

JPMorgan Chase & Co.

JPMorgan Chase Bank, National Association (100%)

J.P. Morgan International Inc. (100%)

Bank One International Holdings Corporation (100%)

J.P. Morgan International Finance Limited (100%)

J.P. Morgan Capital Holdings Limited (72.73%)

J.P. Morgan Chase (UK) Holdings Limited (99.99%)

J.P. Morgan Chase International Holdings (100%)

J.P. Morgan Securities plc (99.41%)

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:

N/A

14. Contact name:

Evangelos Galiatsatos

15. Contact telephone number:

0207 742 6148