Director/PDMR Share Dealing

Vectura Group plc

NOTIFICATION OF DIRECTORS/PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND CONNECTED PERSONS

Chippenham, UK, 24 September 2015: Vectura Group plc (LSE: VEC; "Vectura" or "the Company"), announces that in accordance with DR 3.1.4R (1)(a), the Company also confirms that on 24 September 2015, James Ward-Lilley, Chief Executive, was granted a one-off award of nil cost options, to which Listing Rule 9.4.2(2) applies, as follows:

· Option over 285,994 ordinary shares which will vest immediately on 24 September 2015;

· Option over 285,994 ordinary shares which will vest twelve months from the grant date, being 24 September 2016, subject to the achievement of certain performance conditions;

· Option over 285,994 ordinary shares which shall vest on 7 June 2016. Vesting of this award is subject to the TSR performance criteria of Vectura's 2013 LTIP award made under the 2012 Long-Term Incentive Plan ("2012 LTIP") scheme rules;

· Option over 273,635 ordinary shares which shall vest on 1 July 2017. Vesting of this award is subject to the TSR performance criteria of Vectura's 2014 LTIP award made under the 2012 LTIP scheme rules.

No consideration was paid for the grant of these awards and no consideration is due on the vesting of these awards. The awards made are in accordance with Vectura's approved remuneration policy and are subject to clawback in certain circumstances. The awards will be satisfied with the transfer of existing shares.

The award granted was made under the terms of a share award agreement agreed in connection with his recruitment as Chief Executive of Vectura. The award was made to compensate James for the loss of certain benefits and share awards from his previous employment, which were forfeited as a result of his employment with Vectura. The Remuneration Committee believes that these awards fairly reflect the awards James forfeited on leaving his previous employment in terms of value and timing of vesting.

Vectura Group plc was notified of the above transactions on 24 September 2015.

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Vectura Group plc