NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the Central Bank of Ireland)ⁱ

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

VR EDUCATION HOLDINGS PLC

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

[X] An acquisition or disposal of voting rights

[ ] An acquisition or disposal of financial instruments

[ ] An event changing the breakdown of voting rights

[X] Other (please specify)ⁱⁱⁱ: CHANGE TO THE NUMBER OF VOTING RIGHTS IN ISSUE, FOLLOWING THE RECENT PLACING.

3. Details of person subject to the notification obligation^iv :

Name:

Aviva plc & its subsidiaries    

City and country of registered office (if applicable):

London, England

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

5. Date on which the threshold was crossed or reached^vi:

22 June 2021

6. Date on which issuer notified:

23 June 2021

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

3% (Box 9a)

8. Total positions of person(s) subject to the notification obligation:

% of voting rights attached to shares (total of 9.A)

% of voting rights through financial instruments
(total of 9.B.1 + 9.B.2)

Total of both in % (9.A + 9.B)

Total number of voting rights of issuer^vii

Resulting situation on the date on which threshold was crossed or reached

3.38%

0.00%

3.38%

290,101,146

Position of previous notification (if applicable)

No previous

No Previous

No Previous

9. Notified details of the resulting situation on the date on which the threshold was crossed or reached^viii:

A: Voting rights attached to shares

Class/type of
shares

ISIN code (if possible)

Number of voting rights^ix

% of voting rights

 Direct

 Indirect

 Direct

 Indirect

IE00BG0HDR01

0

9,809,410

0.00%

3.38%

SUBTOTAL A

9,809,410

3.38%

B 1: Financial Instruments according to Regulation 17(1)(a) of the Regulations 

Type of financial instrument

Expiration
date^x

Exercise/
Conversion Period^xi

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

% of voting rights

SUBTOTAL B.1

B 2: Financial Instruments with similar economic effect according to Regulation 17(1)(b) of the Regulations

Type of financial instrument

Expiration
date^x

Exercise/
Conversion Period ^xi

Physical or cash settlement^xii

Number of voting rights

% of voting rights

SUBTOTAL B.2

10. Information in relation to the person subject to the notification obligation (please tick the applicable box):

[ ] 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) issuer.^xiii

[x ] 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 entity^xiv:

Name^xv

% of voting rights if it equals or is higher than the notifiable threshold

% of voting rights through financial instruments if it equals or is higher than the notifiable threshold

Total of both if it equals or is higher than the notifiable threshold

Aviva plc (Parent Company)

3.38%

3.38%

Aviva Group Holdings Limited (wholly owned subsidiary of Aviva plc)

3.38%

3.38%

Aviva Investors Holdings Limited (wholly owned subsidiary of Aviva Group Holdings Limited)

3.38%

3.38%

Aviva Investors Global Services Limited (wholly owned subsidiary of Aviva Investors Holdings Limited)

3.38%

3.38%

12. Additional information^xvi:

This notification is prompted by a <3% to 3% change at Subsidiary Company Holding Interest Level (Box 9A)