Pearson : Holdings in Shares

TR-1: Standard form for notification of major holdings

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

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

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

Non-UK issuer

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

An acquisition or disposal of voting rights	X
An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights
Other (please specify)iii:

3. Details of person subject to the notification obligationiv

Name				Majedie Asset Management Limited
City and country of registered office (if applicable)		London, UK
4. Full name of shareholder(s) (if different from 3.)v
				LF Majedie UK Equity Fund, LF Majedie UK Focus
				Fund, LF Majedie UK Income Fund, Majedie Asset
Name				Management UK Equity Fund, LF Majedie
				Institutional Trust, Majedie Asset Management UK
				Income Fund, Discretionary Portfolios
City and country of registered office (if applicable)
5. Date on which the threshold was crossed or		07/10/2019
reachedvi:
6. Date on which issuer notified (DD/MM/YYYY):		09/10/2019
7. Total positions of person(s) subject to the notification obligation
	% of voting rights at-	% of voting rights				Total number of
	through financial instru-		Total of both in %
	tached to shares (to-		voting rights of is-
		ments			(8.A + 8.B)
	tal of 8. A)				suervii
	(total of 8.B 1 + 8.B 2)
Resulting situation
on the date on which	4.99					4.99		782,054,530
threshold was
crossed or reached
								1

Position of previous	5.02		5.02
notification (if
applicable)

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 of	Number of voting rightsix	% of voting rights
shares
ISIN code (if possible)	Direct	Indirect	Direct	Indirect
	(Art 9 of Directive	(Art 10 of Directive	(Art 9 of Directive	(Art 10 of Directive
	2004/109/EC) (DTR5.1)	2004/109/EC)	2004/109/EC) (DTR5.1)	2004/109/EC)
		(DTR5.2.1)		(DTR5.2.1)
GB0006776081		39,063,539		4.99

SUBTOTAL 8. A

39,063,539

4.99

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

		Exercise/	Number of voting rights
Type of financial in-	Expiration	that may be acquired if	% of voting rights
strument	datex	Conversion Periodxi	the instrument is
			exercised/converted.

SUBTOTAL 8. B 1

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	Expiration	Exercise/	Physical or	Number of
Conversion Pe-	cash	% of voting rights
	x
instrument	date	riod xi	settlementxii	voting rights

SUBTOTAL 8.B.2

2

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	x
control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii
Fullchain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv
(please add additional rows as necessary)

% of voting rights if it

Namexvequals or is higher than the notifiable

threshold

• of voting rights through financial in- struments if it equals or is higher than the notifiable threshold

Total of both if it

equals or is higher than the notifiable threshold

10. In case of proxy voting, please identify:

Name of the proxy holder

The number and % of voting rights held

The date until which the voting rights will be held

11. Additional informationxvi

Place of completion	London, UK
Date of completion	09/10/2019

Natalie White

Deputy Company Secretary

Pearson plc

10 October 2019

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