Director Shareholding

Palace Capital plc

 ("Palace Capital" or the "Company")

Director shareholding

Palace Capital, the property investment company that focuses on commercial property outside London, announces that Hanneke Silvester, wife of Stephen Silvester, Finance Director of the Company, has today acquired 2,148 ordinary shares in the Company ("Ordinary Shares") at a price of 370p per share. Following this purchase, Stephen Silvester now has a total beneficial interest in 2,148 Ordinary Shares, equivalent to 0.008% of the Company's total issued share capital.

-ends-

Date: 02 December 2015

For further information contact:

Palace Capital plc

Neil Sinclair, Chief Executive

Stephen Silvester, Finance Director

Tel. +44 (0)20 3301 8331

Allenby Capital Limited (Nominated Adviser and Joint Broker)

Nick Naylor / James Reeve

Tel. +44 (0)20 3328 5656

Arden Partners plc (Joint Broker)

Chris Hardie / Ciaran Walsh

Tel. +44 (0)20 7614 5917

Capital Access Group (Financial PR)

Simon Courtenay / Harry Rippon

Tel. +44 (0)20 3763 3400