Director Dealings

15 May 2015

Brady plc ("Brady" or the "Group")

Director Dealings

The Company notifies that today Gavin Lavelle, CEO exercised 955,955 options over shares in the Company at a price of 41.5p. These options were granted on 27 September 2007, vested between 27 September 2008 and 27 September 2011 and are due to expire on 26 June 2015. The embedded value net of tax in the exercised options is £273,688 of which Mr. Lavelle reinvested 51% to retain 200,000 shares.

Following the dealings, Mr. Lavelle's holding will increase from 808,207 to 1,008,207 ordinary shares in the Company.

The Company has settled Mr. Lavelle's dealings on a net basis through the issue of 627,520 ordinary shares of which 427,520 were sold at 96p and the cancellation of the balance 328,435 options.

The Company also notifies the following dealings by Peter Harverson and Robert de Picciotto:

Peter Harverson today exercised 50,000 options at an exercise price of 44p. These options were granted on 14 March 2008, vested between 14 March 2009 and 14 March 2012 and are due to expire on 13 September 2015. Mr. Harverson has sold the resulting shares at a price of 96p. 

Robert de Picciotto exercised 12,500 options at an exercise price of 74p and sold the resulting shares at a price of 96p.

Admission to AIM

Application has been made for the 690,020 ordinary shares of 1p each resulting from the exercise and net settlement of options above ("New Ordinary Shares") to be admitted to trading on AIM ("Admission"). It is expected that Admission will occur on 22 May 2015. Following Admission, the Company's issued share capital consists of 83,176,437 ordinary shares of 1p each. The number of ordinary shares held in treasury is 4,306. Therefore, the total number of voting rights in Brady is 83,172,131.

The above figure (83,172,131) may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Brady under the FCA's Disclosure and Transparency Rules.

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About Brady

Brady plc (BRY.L) is the largest European-headquartered provider of trading and risk management software to the global commodity and energy markets. Brady combines fully integrated and complete solutions supporting the entire commodity trading operation, from capture of financial and physical trading, through risk management, handling of physical operations, back office financials and treasury settlement, for energy, refined, unrefined and scrap metals, soft commodities and agriculturals.

Brady has 30 years' expertise in the commodity markets with some 300 customers worldwide, who depend on Brady's software solutions to deliver vital business transactions across their global operations. Brady clients include many of the world's largest financial institutions, trading companies, miners, refiners and producers, recycling companies, scrap processors, tier one banks and a large number of London Metal Exchange (LME) Category 1 and 2 clearing members and many leading European energy generators, traders and consumers.

For further information visit: www.bradyplc.com

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