Company Announcements

ASHTEAD GROUP PLC - Holding(s) in Company

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 Ashtead Group
which voting rights are at- tachedii:

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                                    Abrams Bison Investments, L.L.C. Gavin
                                        Abrams

City and country of registered office   Wilmington, Delaware, USA
(if applicable)

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

Name                                    BNY MELLON

City and country of registered office   New York, USA
(if applicable)

5. Date on which the threshold was      08/12/2020
crossed or reachedvi:

6. Date on which issuer notified        10/12/2020
(DD/MM/YYYY):

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

                    % of voting rights % of voting rights                    Tot
                      at- tached to    through financial  Total of both in % al
                    shares (to- tal of   instru- ments    (8.A + 8.B)        num
                          8. A)        (total of 8.B 1 +                     ber
                                             8.B 2)                          of
                                                                             vot
                                                                             ing
                                                                             rig
                                                                             hts
                                                                             of
                                                                             is-
                                                                             sue
                                                                             rvi
                                                                             i

Resulting situation
on the date on      4.97%                                 4.97%              449
which                                                                        ,30
threshold was                                                                9,8
crossed or reached                                                           33



1


Position of previous notification (if applicable)
                                                  5.04%  5.04%



   


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

GB0000536739                       22,329,156                    4.97%

SUBTOTAL 8.              22,329,156                         4.97%
A

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

                                        Number of voting rights
Type of      Expiration     Exercise/   that may be acquired if  % of voting
financial    datex          Conversion  the instrument is        rights
in- strument                Periodxi    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    Expiration datex ExercisePhysical or  Number of
financial                   /       cash         voting rights   % of voting
instrument                  Conversisettlementxii                rights
                            on Pe-
                            riod xi

                                    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                                                                           X
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   % of voting rights through Tot
                     equals or is higher than the financial in- struments if al
Namexv                   notifiable threshold             it equals          of
                                                    or is higher than the    bot
                                                     notifiable threshold    h
                                                                             if
                                                                             it
                                                                             equ
                                                                             als
                                                                             or
                                                                             is
                                                                             hig
                                                                             her
                                                                             tha
                                                                             n
                                                                             the
                                                                             not
                                                                             ifi
                                                                             abl
                                                                             e
                                                                             thr
                                                                             esh
                                                                             old

Abrams Bison Invest-
ments, L.L.C.

Gavin Abrams

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 Bethesda, Maryland, USA

Date of completion  10/12/2020