<div id="readability-page-1"><div>RNS Number : 7949H M&amp;G PLC 17 November 2025 TR-1: Standard form for notification of major holdings1. Issuer DetailsISINGB00BKFB1C65Issuer NameM&amp;G PLCUK or Non-UK IssuerUK2. Reason for NotificationAn acquisition or disposal of voting rights3. Details of person subject to the notification obligationNameMorgan StanleyCity of registered office (if applicable)Country of registered office (if applicable)US<div><table><tbody><tr><td>Name</td><td>Morgan Stanley</td></tr><tr><td>City of registered office</td><td>Wilmington, Delaware</td></tr><tr><td>Country of registered office</td><td>USA</td></tr></tbody></table></div>4. Details of the shareholderFull name of shareholder(s) if different from the person(s) subject to the notification obligation, aboveCity of registered office (if applicable)Country of registered office (if applicable)5. Date on which the threshold was crossed or reached12-Nov-20256. Date on which Issuer notified14-Nov-20257. Total positions of person(s) subject to the notification obligation<div><table><tbody><tr><td></td><td>% of voting rights attached to shares (total of 8.A)</td><td>% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)</td><td>Total of both in % (8.A + 8.B)</td><td>Total number of voting rights held in issuer</td></tr><tr><td>Resulting situation on the date on which threshold was crossed or reached</td><td>0.027872</td><td>5.741586</td><td>5.769458</td><td>138757808</td></tr><tr><td>Position of previous notification (if applicable)</td><td>0.272839</td><td>5.846928</td><td>6.119767</td><td></td></tr></tbody></table></div>8. Notified details of the resulting situation on the date on which the threshold was crossed or reached8A. Voting rights attached to shares<div><table><tbody><tr><td>Class/Type of shares ISIN code(if possible)</td><td>Number of direct voting rights (DTR5.1)</td><td>Number of indirect voting rights (DTR5.2.1)</td><td>% of direct voting rights (DTR5.1)</td><td>% of indirect voting rights (DTR5.2.1)</td></tr><tr><td>GB00BKFB1C65</td><td></td><td>670327</td><td></td><td>0.027872</td></tr><tr><td>Sub Total 8.A</td><td colspan="2">670327</td><td colspan="2">0.027872%</td></tr></tbody></table></div>8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))<div><table><tbody><tr><td>Type of financial instrument</td><td>Expiration date</td><td>Exercise/conversion period</td><td>Number of voting rights that may be acquired if the instrument is exercised/converted</td><td>% of voting rights</td></tr><tr><td>Right of recall over securities lending agreements</td><td>at any time</td><td>at any time</td><td>205694</td><td>0.008553</td></tr><tr><td>Sub Total 8.B1</td><td colspan="2"></td><td>205694</td><td>0.008553%</td></tr></tbody></table></div>8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))<div><table><tbody><tr><td>Type of financial instrument</td><td>Expiration date</td><td>Exercise/conversion period</td><td>Physical or cash settlement</td><td>Number of voting rights</td><td>% of voting rights</td></tr><tr><td>Equity Swap</td><td>30/12/2026</td><td>at any time</td><td>Cash</td><td>137881787</td><td>5.733033</td></tr><tr><td>Sub Total 8.B2</td><td colspan="3"></td><td>137881787</td><td>5.733033%</td></tr></tbody></table></div>9. Information in relation to the person subject to the notification obligation2. 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 entities (please add additional rows as necessary)<div><table><tbody><tr><td>Ultimate controlling person</td><td>Name of controlled undertaking</td><td>% of voting rights if it equals or is higher than the notifiable threshold</td><td>% of voting rights through financial instruments if it equals or is higher than the notifiable threshold</td><td>Total of both if it equals or is higher than the notifiable threshold</td></tr><tr><td>Morgan Stanley (Chain 1)</td><td></td><td></td><td></td><td></td></tr><tr><td>Morgan Stanley (Chain 1)</td><td>Morgan Stanley Capital Management, LLC</td><td></td><td></td><td></td></tr><tr><td>Morgan Stanley (Chain 1)</td><td>Morgan Stanley &amp; Co. LLC</td><td></td><td></td><td></td></tr><tr><td>Morgan Stanley (Chain 2)</td><td></td><td></td><td></td><td></td></tr><tr><td>Morgan Stanley (Chain 2)</td><td>Morgan Stanley International Holdings Inc.</td><td></td><td></td><td></td></tr><tr><td>Morgan Stanley (Chain 2)</td><td>Morgan Stanley International Limited</td><td></td><td></td><td></td></tr><tr><td>Morgan Stanley (Chain 2)</td><td>Morgan Stanley Investments (UK)</td><td></td><td></td><td></td></tr><tr><td>Morgan Stanley (Chain 2)</td><td>Morgan Stanley &amp; Co. International plc</td><td></td><td></td><td></td></tr><tr><td>Morgan Stanley (Chain 3)</td><td></td><td></td><td></td><td></td></tr><tr><td>Morgan Stanley (Chain 3)</td><td>Morgan Stanley International Holdings Inc.</td><td></td><td></td><td></td></tr><tr><td>Morgan Stanley (Chain 3)</td><td>Morgan Stanley Japan Holdings Co., Ltd</td><td></td><td></td><td></td></tr><tr><td>Morgan Stanley (Chain 3)</td><td>Morgan Stanley MUFG Securities Co., Ltd.</td><td></td><td>5.733033</td><td>5.733033%</td></tr><tr><td>Morgan Stanley (Chain 4)</td><td></td><td></td><td></td><td></td></tr><tr><td>Morgan Stanley (Chain 4)</td><td>Morgan Stanley Capital Management, LLC</td><td></td><td></td><td></td></tr><tr><td>Morgan Stanley (Chain 4)</td><td>Morgan Stanley Smith Barney LLC</td><td></td><td></td><td></td></tr></tbody></table></div>10. In case of proxy votingName of the proxy holderThe number and % of voting rights heldThe date until which the voting rights will be held11. Additional InformationOf the total voting rights attached to shares in Section 8A, 670,326 (0.027872%) of these are the result of securities lending and borrowing arrangements12. Date of Completion14-Nov-202513. Place Of CompletionMumbaiLEI: 254900TWUJUQ44TQJY84Classification: 2.3 Major shareholding notificationThis information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. 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Morgan Stanley has notified M&G PLC of a change in its major shareholding. As of November 12, 2025, Morgan Stanley's total voting rights in M&G PLC amount to 5.769458%, a decrease from the previous 6.119767%. This change is due to an acquisition or disposal of voting rights. The notification was completed on November 14, 2025, in Mumbai.

REG - M&G PLC Morgan Stanley - Holding(s) in Company