Director/PDMR Shareholding

Vectura Group plc

DIRECTOR/PDMR SHAREHOLDING

Chippenham, UK, 28 September 2012: Vectura Group plc ("the Company") (LSE: VEC) has been advised that on 28 September 2012 Dr C. P. Blackwell, a Director of the Company, acquired 222,976 ordinary shares at an effective price of 48.125 pence per share. This acquisition was effected by the exercise of options granted through the Company's Enterprise Management Incentive Scheme ("EMI scheme") at a total cost of £107,307.20.

Also on 28 September 2012, Dr. Blackwell and his spouse sold a total of 54,800 ordinary shares at a price of 87 pence per share to utilise capital gains tax allowances. This disposal followed Dr Blackwell's exercise of a further 54,800 options under the EMI scheme at an effective price of 48.125 pence per share.

Following the transactions detailed above, Dr Blackwell's beneficial holding in the Company has increased by 222,976 to 636,267 ordinary shares, representing 0.191% of the Company's current issued share capital.

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