| TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi |
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| 1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii |
EnQuest 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 |
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| An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments |
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| An event changing the breakdown of voting rights |
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| Other (please specify): |
Admittance of new shares to the market |
X |
| 3. Full name of person(s) subject to the notification obligation: iii |
Baillie Gifford & Co |
| 4. Full name of shareholder(s) (if different from 3.):iv |
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| 5. Date of the transaction and date on which the threshold is crossed or reached: v |
21 November 2016 |
| 6. Date on which issuer notified: |
21 November 2016 |
| 7. Threshold(s) that is/are crossed or reached: vi, vii |
5% |
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| 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 |
| Ordinary Share GB00B635TG28 |
Below 5% |
Below 5% |
67,010,028 |
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67,010,028 |
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5.78% |
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| 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 |
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| 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 |
| N/A |
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Nominal |
Delta |
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| Total (A+B+C) |
| Number of voting rights |
Percentage of voting rights |
| 67,010,028 |
5.78% |
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| 9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi |
| In the narrative below, the figures in [ ] indicate the amount of voting rights and the percentage held by each controlled undertaking where relevant. Baillie Gifford & Co, a discretionary investment manager, is the parent undertaking of an investment management group. Its wholly-owned subsidiary undertaking Baillie Gifford & Co Limited [6,189,533:0.53%] is an OEIC Authorised Corporate Director and Unit Trust Manager which has delegated its discretionary investment management role to Baillie Gifford & Co. Its wholly-owned subsidiary undertaking Baillie Gifford Life Limited [24,546,841:2.12%] is a life assurance company which procures discretionary investment management services from Baillie Gifford & Co in respect of its own account shareholdings. |
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| Proxy Voting: |
| 10. Name of the proxy holder: |
N/A |
| 11. Number of voting rights proxy holder will cease to hold: |
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| 12. Date on which proxy holder will cease to hold voting rights: |
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| 13. Additional information: |
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| 14. Contact name: |
Mike Bassi |
| 15. Contact telephone number: |
0131 275 3852 |
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