Director/PDMR Shareholding

It is announced that on 5 July 2012, three Directors/PDMRs exercised options over ordinary shares of 2.5 pence each under the HomeServe plc Executive Share Option Plan (ESOP) and Long Term Incentive Plan (LTIP).

Richard Harpin, a Director, exercised an option over 220,000 shares under the ESOP. The option was granted on 8 July 2002 at an option price of £1.178 and vested on 8 July 2005 following an assessment of the associated performance conditions (based on earnings per share growth). 

Mr Harpin also exercised awards under the LTIP which were granted on 6 August 2008 and which vested on 6 August 2011 following an assessment of the associated performance conditions (based on comparative TSR). He exercised a performance award over 112,756 shares and a matching award over 87,096 shares.

Mr Harpin retained all of the shares and now holds 39,972,087 shares (12.1% of the issued shares).

Martin Bennett, a Director, exercised an award under the LTIP which was granted on 6 August 2008 and which vested on 6 August 2011 following an assessment of the associated performance conditions (based on comparative TSR). He exercised a performance award over 14,470 shares and sold them at a price of £1.62.

Mr Bennett now holds 80,151 shares (0.02% of the issued shares).

David Bower, a PDMR, exercised an award under the LTIP which was granted on 6 August 2008 and which vested on 6 August 2011 following an assessment of the associated performance conditions (based on comparative TSR). He exercised a performance award over 11,315 shares. He sold 5,924 shares at a price of £1.62.

Mr Bower now holds 5,427 shares (0.002% of the issued shares).

6 July 2012