Trustpilot Group PLC — Major Shareholding Notification 2021

Mar 31, 2021

TR-1: Standard form for notification of major holdings

1. Issuer Details

ISIN

GB00BNK9TP58

Issuer Name

TRUSTPILOT GROUP PLC

UK or Non-UK Issuer

UK

2. Reason for Notification

An acquisition or disposal of voting rights

3. Details of person subject to the notification obligation

Name Draper Esprit plc

City of registered office (if applicable)

London

Country of registered office (if applicable) United Kingdom

4. Details of the shareholder

Is the shareholder the same as the person subject to the notification obligation, above?

No

NAME	CITY OF REGISTERED OFFICE	COUNTRY OF REGISTERED OFFICE
Esprit Capital IV LP (held by Esp rit Nominees Limited as nominee)	London	United Kingdom
DFJ Europe X, L.P.	Grand Cayman	Cayman Islands
Esprit Capital III Founder LP	Edinburgh	United Kingdom
Esprit Capital III L.P. (held by E sprit Nominees Limited as nomi nee)	London	United Kingdom

5. Date on which the threshold was crossed or reached

26-Mar-2021

6. Date on which Issuer notified

26-Mar-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 held in issuer
Resulting situation on the date on which threshold was crossed or reached	7.890000	0.000000	7.890000	32265848
Position of previous notification (if applicable)

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached

8A. Voting rights attached to shares

CLASS/TYPE OF S HARES ISIN COD E(IF POSSIBLE)	NUMBER OF DIRECT VO TING RIGHT S (DTR5.1)	NUMBER OF INDIRECT VOTING RIGHTS (DT R5.2.1)	% OF DIRECT VOTI NG RIGHTS (DTR5. 1)	% OF INDIRECT VO TING RIGHTS (DTR 5.2.1)
GB00BNK9TP58	0	32265848	0.000000	7.890000
Sub Total 8.A	32265848		7.890000%

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))

TYPE OF FINANCI AL INSTRUMENT	EXPIRA TION D ATE	EXERCISE/CO NVERSION PE RIOD	NUMBER OF VOTING RIGHTS THAT MAY B E ACQUIRED IF THE INSTRUMENT IS EXER CISED/CONVERTED	% OF VOT ING RIGH TS
Sub Total 8.B1

8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))

TYPE OF FINANCIAL INSTRUMENT	EXPIRATION DATE	EXERCISE/C ONVERSION PERIOD	PHYSICAL OR CASH SETTLEMENT	NUMBER OF VOTING RIGHTS	% OF VOTING RIGHTS
Sub Total 8.B2

9. Information in relation to the person subject to the notification obligation

1. 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 entities (please add additional rows as necessary)

Ultimate Controlling Person	Name of controlled undertaking	% 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
Draper Esprit plc	Esprit Capita l Partners LL P, Esprit Cap ital III L.P.
Draper Esprit plc	Esprit Capita l Partners LL P, Esprit Cap ital III Foun der LP
Draper Esprit plc	Esprit Capita l Partners LL P, DFJ Europ e X, L.P.
Draper Esprit plc	Esprit Capita l Partners LL P, Esprit Cap ital IV LP	4.050000		4.050000

10. In case of proxy voting

Is there proxy voting? No

Name of the proxy holder

The number and % of voting rights held

The date until which the voting rights will be held

11. Additional Information

Esprit Capital III L.P., Esprit Capital IV LP, Esprit Capital III Founder LP and DFJ Europe X, L.P. are each managed on a discretionary basis by Esprit Capital Partners LLP and are also wholly owned subsidiary undertakings of Draper Esprit plc. Esprit Capital Partners LLP is also a wholly owned subsidiary undertaking of Draper Esprit plc.

12. Date of Completion

29-Mar-2021

13. Place Of Completion

London, United Kingdom