Director/PDMR Shareholding

Director/PDMR Shareholding

FOR IMMEDIATE RELEASE

21 December 2017

Hastings Group Holdings plc

Notification of Transactions by Directors/Persons Discharging Managerial Responsibility ('PDMRs')

On 21 December 2017, conditional awards ("Awards") over ordinary shares of £0.02 pence in Hastings Group Holdings plc (the "Company") were granted to the following PDMRs under the Hastings 2017 Capital Appreciation Plan (the "Plan"). The Board approved Plan aligns long-term interests of shareholders with retention incentives for key senior personnel and excludes executive directors.

In consideration for the grant of the Awards, each PDMR was required to pledge a number of Company shares already held by them ("Investment Shares"). The number of Investment Shares in each case is 113,433.

Subject to meeting prescribed performance and other conditions set out in the Plan rules, the individual may be granted a maximum of five shares in the Company for each Investment Share held ("Matching Shares"). Matching Shares will be awarded based on a performance condition linked to total shareholder return ("TSR") measured over a performance period of five years from the date of grant, subject to a minimum award of one Matching Share if TSR exceeds the minimum threshold of 32%. The number of Matching Shares will increase as each specified TSR threshold is reached, subject to a maximum of five Matching Shares if TSR over the five year period exceeds 131%. At the end of the performance period, two thirds of the number of any Matching Shares awarded must be retained for a further period of one year, at the end of which one third of the number of Matching Shares must be retained for a further period of one year.

Matching Shares will be delivered via market purchase of issued shares of the Company and not by the issue of new shares.

Under the terms of the Plan the Investment Shares must be held by the individual throughout the five year performance period and award of the Matching Shares is also conditional on continued employment with the Group and satisfactory individual performance. The Plan rules also include malus and clawback provisions.

The above information is disclosed pursuant to article 19 of the Market Abuse Regulation.

Tony LeppardGroup Company Secretary[email protected]

Louise UnderwoodDirector of Investor RelationsT: +44 (0)1424 738011 [email protected]

Instinctif Partners+44 (0) 207 457 2020Giles Stewart