Director/PDMR Shareholding

1.

Name of the issuer

ARROW GLOBAL GROUP PLC

2.

State whether the notification relates to (i) a transaction notified in accordance with DTR

3.1.2 R, (ii) a disclosure made in accordance with section  793 of the Companies Act 2006, or (iii) in accordance with paragraph 26 of the Model CodeDTR 3.1.2 R

3.

Name of person discharging managerial responsibilities/director

ROBERT MEMMOTT

ANDREW BIRKWOOD

GEORGINA HAYES

4.

State whether notification relates to a

person connected with a person discharging managerial responsibilities/director named

in 3 and identify the connected person

N/A

5.

Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interestPERSONS REFERRED TO IN 3 ABOVE

6.

Description of shares (including class), debentures or derivatives or financial instruments relating to sharesORDINARY SHARES OF £0.01 EACH

7.

Name of registered shareholders(s) and, if more than one, the number of shares held by each of them

BEDELL TRUSTEES LIMITED

8

State the nature of the transactionEXERCISE OF OPTIONS UNDER THE INITIAL SHARE OPTION PLAN; DISPOSAL OF A PORTION OF SHARES ACQUIRED ON EXERCISE OF OPTIONS TO MEET TAX LIABILITY ARISING ON EXERCISE

9.

Number of shares, debentures or financial instruments relating to shares acquired

ROBERT MEMMOTT: 1,676,562ANDREW BIRKWOOD: 762,074GEORGINA HAYES: 952,592

10.

Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)ROBERT MEMMOTT: 0.96%ANDREW BIRKWOOD: 0.44%GEORGINA HAYES: 0.55%

11.

Number of shares, debentures or financial instruments relating to shares disposedROBERT MEMMOTT: 915,266ANDREW BIRKWOOD: 416,031GEORGINA HAYES: 520,038

12.

Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)ROBERT MEMMOTT: 0.52%ANDREW BIRKWOOD: 0.24%GEORGINA HAYES: 0.30%

13.

Price per share or value of transactionSHARES ACQUIRED FOR NIL COST IN ACCORDANCE WITH INITIAL SHARE OPTION PLAN

SHARES DISPOSED OF AT A PRICE OF £2.05 PER SHARE

14.

Date and place of transaction

LONDON 11 OCTOBER

15.

Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)

ROBERT MEMMOTT: 1.71%ANDREW BIRKWOOD: 1.71%GEORGINA HAYES: 0.36%

16.

Date issuer informed of transaction

11 OCTOBER

17.

Date of grantN/A

18.

Period during which or date on which exercisableN/A

19.

Total amount paid (if any) for grant of the optionN/A

20.

Description of shares or debentures involved (class and number)N/A

21.

Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exerciseN/A

22.

Total number of shares or debentures over which options held following notificationN/A

23.

Any additional information

TRANSACTIONS OCCURRED AS PART OF THE FLOTATION OF ARROW GLOBAL GROUP PLC (AS DETAILED IN THE PROSPECTUS DATED 8 OCTOBER 2013)

24.

Name of contact and telephone number for queriesSTEWART HAMILTON, COMPANY SECRETARY +44 (0)800 130 0169

Name of authorised officer of issuer responsible for making notification

STEWART HAMILTON, COMPANY SECRETARY

Date of notification 11 OCTOBER 2013