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			X
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
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	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	November 22, 2016
6. Date on which issuer notified:	November 22, 2016
7. Threshold(s) that is/are crossed or reached: vi, vii	Above 17%

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

36,446,146

–

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

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

3,733,679

Nominal

Delta

1.49%

Total (A+B+C)

Number of voting rights

Percentage of voting rights

42,545,411

17.02%

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

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