Director Dealing

For Immediate Release 29 October 2012

Specialist Energy Group plc

("SEG" or the "Company")

Director Dealing

The Company announces that Specialist Energy Group Trustee Limited, acting as an Employee Benefit Trust, gifted 600,000 ordinary shares of 1p each to Ewan Lloyd-Baker, Chief Executive of SEG, on 9 October 2012.

Following the award, Mr. Lloyd-Baker is interested in a total of 3,657,446* ordinary shares in the Company, representing 8.04% of the enlarged total voting rights.

*1,271,195 of these shares are held in the name 'Ewan Lloyd-Baker and Denton & Co Trustees Limited'. A further 2,298,827 are held in the name Ewan Lloyd-Baker. The remaining 87,424 shares owned by Ewan Lloyd-Baker, are charged as security in favour of Lloyds TSB Group plc pursuant to an agreement dated 25 May 2007. Ewan Lloyd-Baker retains the beneficial interest and voting rights associated with these shares.

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