Director/PDMR Shareholding

1.

Details the person discharging managerial responsibilities / person closely associated

a)

Name

Withers Trust Corporation Limited, James McCarthy and Nicholas Kelsey as Trustees of The Lord Rayne Will Trust

2.

Reason for the notification

a)

Position / status

Person closely associated with the Hon R. A. Rayne(Chairman of Derwent London plc)

b)

Initial notification / Amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

 Derwent London plc

b)

LEI

 213800BXKQ9KZNUR1M61

4.

Details of the transaction (s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

5p Ordinary shares in Derwent London plc

GB0002652740

b)

Nature of the transaction

Sale of Ordinary shares

c)

Price(s) and volume(s)

d)

Aggregated information

- Aggregated volume

- Price

10,000

£307,200

e)

Date of the transaction

18 December 2017

f)

Place of the transaction

London Stock Exchange (XLON)