Holding(s) in company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi



1. Identity of the issuer or the underlying issuer
of existing shares to which voting rights are
attached:
ii

Biffa PLC

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights


An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached


An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

X

An event changing the breakdown of voting rights


Other (please specify):



3. Full name of person(s) subject to the
notification obligation:
iii

Avenue Europe International Management, L.P.

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

Record Holders:

GL Europe Luxembourg S.a.r.l.

GL Europe (Jersey) Limited

Beneficial Owners:

Avenue – COPPERS Opportunities Fund, L.P.

Avenue Europe Opportunities Master Fund, L.P.

Avenue-SLP European Opportunities Fund, L.P.

Avenue Europe Special Situations Fund II (Euro), L.P.

Avenue Europe Special Situations Fund II (US), L.P.

Avenue ASRS Europe Opportunities Fund, L.P.

Avenue Europe Special Situations Fund III (Euro), L.P.

Avenue Europe Special Situations Fund III (US), L.P.

5. Date of the transaction and date on
which the threshold is crossed or
reached:
v

February 21, 2017

6. Date on which issuer notified:

February 21, 2017

7. Threshold(s) that is/are crossed or
reached:
vi, vii

19%

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type of
shares


if possible using
the ISIN CODE

Situation previous
to the triggering
transaction

Resulting situation after the triggering transaction

Number
of
Shares

Number
of
Voting
Rights

Number
of shares

Number of voting
rights

% of  voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

GB00BD8DR117

38,811,732

38,811,732

38,811,732


15.52%



B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial
instrument

Expiration
date
xiii

Exercise/
Conversion Period
xiv

Number of voting
rights that may be
acquired if the
instrument is
exercised/ converted.

% of voting
rights

N/A

N/A

N/A

N/A

N/A


C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financial
instrument

Exercise price

Expiration date xvii

Exercise/
Conversion period
xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

Contracts for Difference (CfD)

N/A

N/A

N/A

9,962,874

Nominal

Delta


3.99%


Total (A+B+C)

Number of voting rights

Percentage of voting rights

48,774,606

19.51%




9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:
xxi

The voting rights and financial instruments are held by GL Europe Luxembourg S.a.r.l. and GL Europe (Jersey) Ltd (the record holders), entities that are wholly owned by certain funds listed in Item 4 which are managed by Avenue Europe International Management, L.P.


Proxy Voting:

10. Name of the proxy holder:

N/A

11. Number of voting rights proxy holder will cease
to hold:

N/A

12. Date on which proxy holder will cease to hold
voting rights:

N/A



13. Additional information:


N/A

14. Contact name:

N/A

15. Contact telephone number:

N/A

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