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Director/PDMR Shareholding

13th Mar 2007 11:30

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS

DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS

This form is intended for use by an issuer to make a RIS notification required by DR 3.1.4R(1).

(1) An issuer making a notification in respect of a transaction relating to the shares or debentures

of the issuer should complete boxes 1 to 16, 23 and 24.

(2) An issuer making a notification in respect of a derivative relating the shares of the issuer

should complete boxes 1 to 4, 6, 8,13, 14, 16, 23 and 24.

(3) An issuer making a notification in respect of options granted to a director /person discharging

managerial responsibilities should complete boxes 1 to 3 and 17 to 24.

(4) An issuer making a notification in respect of a financial instrument relating to the shares of

the issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and

24.

Please complete all relevant boxes should in block capital letters.

1. Name of the issuer 2. State whether the notification relates to (i) a Countrywide plc transaction notified in accordance with DR 3.1.4R(1)(a)¾ or (ii) DR 3.1.4(R)(1)(b) a disclosure made in accordance with section 324 (as extended by section 328) of the Companies Act 1985¾ or (iii) both (i) and (ii) N/A

3. Name of person discharging 4. State whether notification relates

managerial to a person responsibilities/director connected with a person discharging Michael C Nower managerial responsibilities/director named in 3 Director and identify the connected person N/A

5. Indicate whether the notification 6. Description of shares (including

is in respect class), of a holding of the person debentures or derivatives or referred to in 3 or financial 4 above or in respect of a non instruments relating to shares beneficial Ordinary 5p shares interest 1 Michael C Nower's holding

7. Name of registered shareholders(s) 8. State the nature of the transaction

and, if On 13/3/07, M C Nower exercised more than one, the number of 16,340 options at 203p per share shares held by each of them granted on 21/03/00 under an Executive Share Bonus Scheme and he M C Nower 263,200 shares retains the shares. These options would expire on 21/3/07 if not Mrs Nower 5,275 shares exercised.

9. Number of shares, debentures or 10. Percentage of issued class acquired

financial (treasury instruments relating to shares shares of that class should not be acquired taken into 16,340 shares account when calculating percentage) 0.0096%

11. Number of shares, debentures or 12. Percentage of issued class disposed

financial (treasury instruments relating to shares shares of that class should not be disposed taken into N/A account when calculating percentage) N/A

13. Price per share or value of 14. Date and place of transaction

transaction 13 March 2007 203p per share Essex. England

15. Total holding following 16. Date issuer informed of transaction

notification and total 13 March 2007 percentage holding following notification (any treasury shares should not be taken into account when calculating percentage) 284,815 shares (including Mrs Nower's 5,275 shares) i.e. 0.167% If a person discharging managerial responsibilities has been granted options bythe issuercomplete the following boxes17. Date of grant 18. Period during which or date on which it can be exercised

19. Total amount paid (if any) for 20. Description of shares or debentures grant of the involved Option (class and number) 21. Exercise price (if fixed at time 22. Total number of shares or

of grant) or debentures over indication that price is to be which options held following fixed at the time of exercise notification

23. Any additional information 14 Name of contact and telephone

number for Queries Shirley Law 01376 533700

Name and signature of duly authorised officer of issuer responsible for making notification

__________________________________________________________ Gareth R Williams, Company Secretary

Date of notification _______13 March 2007____________________________________

COUNTRYWIDE PLC

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