Director/PDMR Shareholding

27 November 2014

Hogg Robinson Group

(the 'Company')

Directors' interest in shares

The Company hereby notifies that on 27 November 2014, David Radcliffe and Kevin Ruffles have each exercised the following vested options under the Company's Performance Share Plan ("PSP") and Share Option Plan ("CSOP"):

PSP CSOP

David Radcliffe 257,478 2,586,196

Kevin Ruffles 172,802 -

The exercise of the above options were all satisfied by the transfer of shares from the Hogg Robinson Employee Benefit Trust. The CSOP options were satisfied in the form of equity-settled share appreciation rights calculated using the following exercise and closing prices.

Vesting date Exercise Closing price

Price immediately prior

to exercise

1 June 2012 23.00p 43.375p

The Company further notifies that on 27 November 2014, David Radcliffe and Kevin Ruffles respectively sold 863,516 and 81,505 shares resulting from the exercise of these options at an average price of 42.5p. Following these transactions:

1) Having retained the remaining shares resulting from the exercise of his CSOP and PSP awards, David Radcliffe's holding of shares in the Company has increased by 620,958 shares and he is now beneficial interested in 3,104,020 shares in the Company, representing 0.96% of the Company's issued share capital. Based on a share price of 42.5p, this is equal to 3.08 times his annual basic salary. He also continues to be beneficially interested in a further 1,114,896 options which vested under the CSOP on 21 June 2013 and 189,277 options which vested under the CSOP on 27 May 2014.

2) Having retained the remaining 91,297 shares resulting from the exercise of his PSP award, Kevin Ruffles is now beneficially interested in 687,888 shares in the Company representing 0.21% of the Company's issued share capital. Based on a share price of 42.5p, this is equal to 1.02 times his annual basic salary.

Notification of each of the above transactions is now made in accordance with Disclosure Rule 3.1.4R.

- ENDS -

Enquiries

Hogg Robinson Group plc

Keith Burgess, Company Secretary +44 (0) 1256 312 600