IDE : Notification of Major Shareholdings – Coltrane

TR-1: Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS(to be sent to the relevant issuerandto 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 at-tachedii:

Ide Group Holdings PLC

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

An acquisition or disposal of financial instruments

An event changing the breakdown of voting rights

X

Other (please specify)iii:

3. Details of person subject to the notification obligationiv

Name

City and country of registered office (if applicable)

Coltrane Asset Management, L.P. Grand Cayman, Cayman Islands

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

Name

Coltrane Master Fund, L.P.

City and country of registered office (if applicable)

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

August 01, 2018

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

August 02, 2018

7. Total positions of person(s) subject to the notification obligation

% of voting rights at-tached to shares (to-tal of 8. A)

% of voting rights through financial instru-ments

(total of 8.B 1 + 8.B 2)Resulting situation on the date on which threshold was crossed or reached

6.47%

N/A

6.47%

220,729,121

Position of previous notification (if applicable)

7.12%

N/A

7.12%

1

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 shares

ISIN code (if possible)Ordinary Shares

(ISIN:GB00B4NJ4984)

SUBTOTAL 8. A

Number of voting rightsix	% of voting rights
Direct	Direct	Indirect
(Art 9 of Directive	(Art 10 of Directive
2004/109/EC) (DTR5.1)	2004/109/EC)
(DTR5.2.1)
N/A	6.47%
6.47%

(Art 10 of Directive 2004/109/EC) (DTR5.2.1)

(Art 9 of Directive 2004/109/EC) (DTR5.1)

Indirect

N/A

14,297,562 14,297,562

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

Type of financial in-strument

Expira-tion datexExercise/ Conversion PeriodxiNumber of voting rights that may be acquired if the instrument is exercised/converted.

N/A

N/A

% of voting rights

N/A

N/A

N/A

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 instrumentExpiration datex

Exercise/ Conversion Pe-riodxi

Number 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 theapplicable 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
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)				X
Namexv	% of voting rights if it equals 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 no-tifiable threshold
Coltrane Asset Manage-ment, L.P.
Mandeep Manku
Coltrane Domestic Fund, L.P.
Coltrane Offshore Fund, L.P.
Coltrane Asset Manage-ment Holdings, Ltd.
Coltrane GP, LLC
Coltrane Master Fund, L.P.	6.47%	6.47%

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	New York, NY
Date of completion	August 02, 2018