Director/PDMR Shareholding

1

Details of Person Discharging Managerial Responsibility("PCMR")/person closely associated with them ("PCA")

(a)

Name

Dr Ian Rutter

2

Reason for the notification

(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 12.5p each

Identification Code

GB00BYRJ5J14

(b)

Nature of the transaction

Scrip dividend issue

(c)

Price(s) and volume(s)

Price(s)

Volume(s)

£1.088

560

(d)

Aggregated information

Aggregated volume price

Single transaction

£609.00

(e)

Date of transaction

24 February 2017

(f)

Place of transaction

London Stock Exchange (xlon)