TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES For filings with the FCA include the annex For filings with issuer exclude the annex

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

UTV Media

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

GVO Investment Management Ltd

4. Full name of shareholder(s)

(if different from 3.):iv

Nortrust Nominees Ltd

5. Date of the transaction and date on

which the threshold is crossed or reached: v

19/02/2015

6. Date on which issuer notified:

19/02/2015

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

5%

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

Class/type of

shares

if possible using the ISIN CODE

Number

of

Shares

Number

of Voting Rights

Number

of shares

Number of voting

rights

% of voting rights x

Class/type of

shares

if possible using the ISIN CODE

Number

of

Shares

Number

of Voting Rights

Direct

xi

Direct

xii

Indirect

Direct

Indirect

GB00B244WQ16

4,194,588

4,194,588

4,844,588

0

4,844,588

0

5.05%

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

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

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

4,844,588

5.05%


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

4,844,588 shares held by GVO UK Focus Fund.

GVO Investment Management Ltd is the investment manager of GVO UK Focus Fund. GVO Investment Management Ltd is 100% owned by RIT Capital Partners plc.

Proxy Voting:

10. Name of the proxy holder:

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

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

13. Additional information:

14. Contact name:

Rahul Kunder

15. Contact telephone number:

020 3691 6108

Note: Annex should only be submitted to the FSA not the issuer

Annex: Notification of major interests in sharesxxii

A: Identity of the persons or legal entity subject to the notification obligation

Full name

(including legal form of legal entities)

GVO Investment Management Ltd

Contact address

(registered office for legal entities)

25 North Row

London

W1K 6DJ

Phone number & email

020 3691 6108 rahul.kunder@gvoim.com

Other useful information

(at least legal representative for legal persons)

B: Identity of the notifier, if applicable

Full name

Contact address

Phone number & email

Other useful information

(e.g. functional relationship with the person or legal entity subject to the notification obligation)

C: Additional information

For notes on how to complete form TR-1 please see the FSA website.

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