DWF GROUP PLC

Major Shareholding Notification • Feb 17, 2021

National Storage Mechanism | Additional information

RNS Number : 4244P

DWF Group PLC

17 February 2021

TR-1: Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS
1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:										DWF Group 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																	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										Cartesian Capital Group, LLC
City and country of registered office (if applicable)										Delaware USA
4. Full name of shareholder(s) (if different from 3.)v
Name										Pangaea Three-B, LP
City and country of registered office (if applicable)										George Town, Cayman Islands
5. Date on which the threshold was crossed or reachedvi:										16/02/2021
6. Date on which issuer notified (DD/MM/YYYY):										16/02/2021
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		5.49%											5.49%			324,554,653
Position of previous 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 shares 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)
GB00BJMD6M39 Ordinary Shares			17,814,338									5.49%
SUBTOTAL 8. A			17,814,338									5.49%
B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))
Type of financial instrument			Expiration datex		Exercise/ Conversion Periodxi						Number of voting rights that may be acquired if the instrument is exercised/converted.					% of voting rights
					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 instrument	Expiration datex				Exercise/ Conversion Period xi			Physical or cash settlementxii						Number of voting rights		% of voting rights
								SUBTOTAL 8.B.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 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 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 instruments if it equals or is higher than the notifiable threshold						Total of both if it equals or is higher than the notifiable threshold
Cartesian Capital Group, LLC
Pangaea Three Global GP, LLC
Pangaea Three GP, LP
Panagea Three-B, LP				5.49%					N/A						5.49%
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
Cartesian Capital Group, LLC holds its interest in the DWF Group plc in its capacity as investment management company of the Pangaea Three-B, LP fund, which at the date of this notification directly holds 5.49% of the voting rights of the issuer.

Place of completion	USA
Date of completion	16/02/2021

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