Director/PDMR Shareholding

6 June 2013

("Torotrak" or the "Company")

Directors' Shareholdings

Torotrak announces that on 3 June 2013 Jeremy Deering exercised options awarded in August 2008 under the Company's Long Term Performance Share Plan ("LTPSP"). The timing of the exercise, after the Company's Preliminary Results announcement on 29 May 2013, followed an extension to the normal time limits as a result of a series of previous prohibited share dealing periods. On 5 June 2013 sufficient ordinary shares of 10p each in the Company ("Shares") were sold at 30p per share mainly in order to meet income tax and national insurance ("Tax") liabilities including those of the Company, as required under the scheme.

Jeremy Deering's shareholding increased by 35% following the share dealings.

The shares vesting represented 100% of the maximum awards (the maximum levels having been disclosed in previous Annual Reports) under the August 2008 LTPSP awards, in accordance with the required performance conditions. 

The change in shareholding resulting from the transaction is summarised below:

As at the date of this announcement, the Company's registered capital comprises 176,713,491 ordinary shares with voting rights. The Company does not hold any shares in Treasury. This figure of 176,713,491 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, the Company under the FSA's Disclosure and Transparency Rules.

For more information, please visit www.torotrak.com or contact: