TR-1: S tandard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)

1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:			GVC Holdings PLC
1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate)
Non-UK issuer
2. Reason for the notification (please mark the appropriate box or boxes with an "X")
An acquisition or disposal of voting rights						x
An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights
Other (please specify):
3. Details of person subject to the notification obligation
Name			HSBC Holdings PLC
City and country of registered office (if applicable)			London, United Kingdom
4. Full name of shareholder(s) (if different from 3.)
Name			HSBC Global Asset Management (UK) Limited HSBC Bank plc HSBC Trust Company (UK) Limited INKA Internationale Kapitalanlagegesellschft mbH, Dusseldorf
City and country of registered office (if applicable)			8, Canada Square, London, E14 5HQ
5. Date on which the threshold was crossed or reached:			26 March 2018
6. Date on which issuer notified (DD/MM/YYYY):			28 March 2018
7. Total positions of person(s) subject to the notification obligation
	% of voting rights attached to shares (total of 8. A)	% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)		Total of both in % (8.A + 8.B)	Total number of voting rights of issuer
Resulting situation on the date on which threshold was crossed or reached	Below Disclosure Threshold	Below Disclosure Threshold		Below Disclosure Threshold	303,784,807
Position of previous notification (if applicable)	3.334 %	2.443 %		5.776 %

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached
A: Voting rights attached to shares
Class/type of shares ISIN code (if possible)		Number of voting rights					% of voting rights
		Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)		Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)			Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)	Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)
IM00B5VQMV65


SUBTOTAL 8. A		Below Disclosure Threshold					Below Disclosure Threshold

B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))
Type of financial instrument		Expiration date	Exercise/ Conversion Period			Number of voting rights that may be acquired if the instrument is exercised/converted.		% of voting rights



			SUBTOTAL 8. B 1			Below Disclosure Threshold		Below Disclosure Threshold

B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))
Type of financial instrument	Expiration date		Exercise/ Conversion Period		Physical or cash settlement		Number of voting rights	% of voting rights


					SUBTOTAL 8.B.2		Below Disclosure Threshold	Below Disclosure Threshold

9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X")
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
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 (please add additional rows as necessary)
Name	% 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
HSBC Holdings plc
HSBC Bank plc	Below Disclosure Threshold	Below Disclosure Threshold	Below Disclosure Threshold

HSBC Holdings plc
HSBC Investment Bank Holdings plc
HSBC Global Asset Management Limited
HSBC Global Asset Management (UK) Limited	Below Disclosure Threshold		Below Disclosure Threshold

HSBC Holdings plc
HSBC Bank plc
HSBC Trust Company (UK) Limited	Below Disclosure Threshold		Below Disclosure Threshold

HSBC Holdings plc
HSBC Bank plc
HSBC Germany Holdings GmbH
HSBC Trinkaus & Burkhardt AG
HSBC Trinkaus & Burkhardt Gesellschaft fur Bankbeteiligungen mbH
INKA Internationale Kapitalanlagegesellschft mbH, Dusseldorf	Below Disclosure Threshold		Below Disclosure Threshold


10. In case of proxy voting, please identify:
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held

11. Additional information

Place of completion	London, United Kingdom
Date of completion	28 March 2018