Director/PDMR Shareholding

1.

Details of PDMR / person closely associated with them ("PCA")

a)

Name

Mr Christopher Mark Ralph

b)

Position / status

Non-executive Director

c)

Initial notification / amendment

Initial Notification

2.

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

Ordinary Shares of 25p each

ISIN: GB0003656021

b)

Nature of the transaction

Purchase of shares

c)

Price(s) and volume(s)

d)

Aggregated information

Aggregated volume

Aggregated price

1,830 ordinary shares

£6,087.24

e)

Date of the transaction

1 November 2017

f)

Place of the transaction

London Stock Exchange