Director/PDMR Shareholding

Aldermore Group PLC (the "Company")

NOTIFICATION OF TRANSACTIONS OF DIRECTORS AND PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY

The Company announces that on 21 March 2016 the following directors/PDMRs were granted awards, in the form of nil-cost options, to acquire ordinary shares of 10 pence each in the Company pursuant to the executive share plans identified below (the "Plans").

The DSP awards represent the deferral of a percentage of the bonuses paid to directors/PDMRs in respect of 2015. The DSP awards will vest in equal tranches on the first, second and third anniversaries of the grant date, in accordance with the rules of the DSP. The DSP awards will not be subject to further performance conditions but may be subject to malus and clawback in exceptional circumstances in line with the DSP rules.

The PSP awards, which were made for nil consideration, are subject to the achievement of performance targets (50% based on relative Total Shareholder Return against a comparator group and 50% based on EPS). The performance targets will be measured over a three-year period ending on 31 December 2018, and vested awards will be subject to a further two-year holding period. In addition, PSP awards may be subject to malus and clawback in exceptional circumstances in line with the PSP rules.

In respect of both the DSP and the PSP, the amounts shown above represent the maximum possible opportunity subject to any additional shares awarded at vesting in lieu of dividends on shares that vest.

The price used to calculate the number of DSP and PSP shares awarded is £2.2773, being the average of the mid-market closing price of an Aldermore ordinary share on the three consecutive business days immediately preceding 21 March 2016.

This announcement, in relation to transactions in London, is made in accordance with the requirements of DTR 3.1.2 R and 3.1.4 R(1)(a). 

Rachel Spencer

Company Secretary

22 March 2016