Award of shares under the Share Incentive Plan

14 April 2011

Cyril Sweett Group plc

(the "Company")

Award of shares under the Share Incentive Plan

The Company announces that it received notification on 13 April 2011 that, following payroll contributions made on 28 February and 31March 2011, Cyril Sweett Trustee Company Limited, trustee of the HMRC approved Cyril Sweett All Employee Share Ownership Plan ("SIP'), awarded 16,055 ordinary shares of 10 pence each in the Company ("Ordinary Shares") to participants in the SIP. All of the 16,055 shares were unallocated shares already held in the SIP.

The SIP is a discretionary trust for the benefit of employees of the Company and participating subsidiaries, which holds Ordinary Shares acquired and/or awarded under the partnership, matching, free and dividend shares sections of the plan. Following a change to the SIP Trust Deed and Rules on 1 January 2011, eligible participating employees now contribute funds to purchase partnership shares on a monthly basis. Dividends in respect of shares held by the SIP are re-invested to purchase dividend shares.

Following the appropriation, Cyril Sweett Trustee Company Limited holds 11,254,700 Ordinary Shares representing 17.22% of the issued share capital of the Company. 

Under the SIP, Mr Dean Webster, Chief Executive Officer of Cyril Sweett, purchased 260 shares at a price of 48p per share via contribution on 28 February 2011 and 266 shares at a price of 47p per share via contribution on 31 March 2011.

Mr Webster's beneficial holding in the Company has thus increased following the appropriation:

At the date of this announcement, the Company's issued share capital consists of 65,325,321 Ordinary Shares with voting rights and the Company holds no Ordinary Shares in Treasury.

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