Notification of Transactions of Directors/PDMRs

The Company has been notified of the following acquisitions of Ordinary Shares of 0.25p each in the Company, by Nicholas Smith, Non-Executive Chairman and Vivien Gibney and William (Bill) Schrader, both Non-Executive Directors of the Company. The acquisitions all took place in London.

Name Date of Transaction Date of Notification to Company Number of Shares Purchased Purchase Price per Share (pence)
Nicholas Smith 20 March 2015 20 March 2015 12,000 129.704
Vivien Gibney 19 March 2015 19 March 2015 5,000 128.928
Bill Schrader 20 March 2015 20 March 2015 7,500 135.000

As a result of the above, the shareholdings of the Directors in the Shares of the Company have increased as follows:

Name Prior Holdings in the Company Holdings in the Company after the Purchase % of Total Voting Rights 
Nicholas Smith 128,000 140,000 0.0196
Vivien Gibney 10,000 15,000 0.0021
Bill Schrader 10,200 17,700 0.0025

This notification is made on 20 March 2015 in accordance with the requirements of D.T.R. 3.1.4.