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			Lidco Group PLC
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights				NO
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached				NO
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments				NO
An event changing the breakdown of voting rights				NO
Other (please specify):	Periodic update			NO
3. Full name of person(s) subject to the notification obligation: ⁱⁱⁱ		Ingalls & Snyder LLC ("I&S") and Ingalls & Snyder Value Partners LP ("ISVP").
4. Full name of shareholder(s) (if different from 3.):^iv		I&S, on behalf of its clients, has dispositive authority over (i.e. the power and authorization to sell at I&S's discretion) 17,125,579 shares. In respect of 13,820,000 of such 17,125,579 shares ISVP (as beneficial owner) shares dispositive authority with I&S and has voting authority. So in respect of the 13,820,000 shares beneficially held by ISVP, I&S has and ISVP share dispositive authority and ISVP has voting authority.
5. Date of the transaction and date on which the threshold is crossed or reached: ^v
6. Date on which issuer notified:		February 2, 2020
7. Threshold(s) that is/are crossed or reached: ^{vi, vii}		Interest in excess of 7% of issued share capital.

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 Shares of 0.5 pence ISIN GB0030546849

17,125,579

See note 4 above. I&S has dispositive authority over 17,125,579shares and ISVP has voting authority and shares dispositive authority in respect of 13,820,000 of such shares.

7.01% (Note: For these purposes we have assumed that dispositive authority is equivalent to voting rights).

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

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

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

17,125,579 (Note: For these purposes we have assumed that dispositive authority is equivalent to voting rights).

7.01% (Note: For these purposes we have assumed that dispositive authority is equivalent to voting rights).

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

Proxy Voting:
10. Name of the proxy holder:		N/A
11. Number of voting rights proxy holder will cease to hold:		N/A
12. Date on which proxy holder will cease to hold voting rights:		N/A

13. Additional information:
14. Contact name:	Frank Stolba
15. Contact telephone number:	(001) (212) 269 - 7814