Holding(s) in company

TR-1: Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to 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:

Biffa 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

Avenue Europe International Management, L.P.

City and country of registered office (if applicable)

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

Name

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.

City and country of registered office (if applicable)

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

18/01/2019

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

18/01/2019

     

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)

Total of both in % (8.A + 8.B)

Total number of voting rights of is- suervii

Position of previous notification (if applicable)

11.05%

4.96%

16.01%

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)

GB00BD8DR117

27,617,962

17,259,442

11.05%

6.90%

SUBTOTAL 8. A

44,877,404

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

Expiration datex

Exercise/ Conversion Periodxi

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

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 Pe-

riod xi

Physical or cash

settlementxii

Number of voting rights

% of voting rights

Contracts for

Difference (CfD)

N/A

N/A

N/A

17,259,442

6.90%

SUBTOTAL 8.B.2

17,259,442

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 enti- tyxiv (please add additional rows as necessary)

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 notifiable threshold

Avenue Europe Interna- tional Management, L.P.

11.05

6.90

17.95

Avenue Europe Interna- tional Management

GenPar, LLC

11.05

6.90

17.95

Marc Lasry, Managing Member of the General Partner of Avenue Eu- rope International Man-

agement, LLP

11.05

6.90

17.95

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

18/01/2019

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