Director/PDMR Shareholding

.

SCHEDULE 11

NOTIFICATION OF INTERESTS OF PDMR AND CONNECTED PERSONS

1. Name of company

Xchanging plc

2. Name of PDMR

Steven Beard

3. Please state whether notification indicates that it is in respect of holding

of the shareholder named in 2 above or in respect of a non-beneficial interest

or in the case of an individual holder if it is a holding of that person's

spouse or children under the age of 18 or in respect of a non-beneficial

interest

As in 2 above

4. Name of the registered holder(s) and, if more than one holder, the number of

shares held by each of them (if notified)

As in 2 above

5. Please state whether notification relates to a person(s) connected with the

PDMR named in 2 above and identify the connected person(s)

Notification relates only to Steven Beard

6. Please state the nature of the transaction. For PEP transactions please

indicate whether general/single co PEP and if discretionary/non discretionary

Purchase of Shares

7. Number of shares / amount of stock acquired

500,000

8. Percentage of issued class

0.00209%

9. Number of shares/amount of stock disposed

N/A

10. Percentage of issued class

N/A

11. Class of security

Ordinary Shares of 5 pence each

12. Price per share

£1.3637

13. Date of transaction

17 August 2010

14. Date company informed

17 August 2010

15. Total holding following this notification

1,367,400

16. Total percentage holding of issued class following this notification

0.00571%

If a PDMR has been granted options by the company please complete the

following boxes.

17. Date of grant

N/A

18. Period during which or date on which exercisable

N/A

19. Total amount paid (if any) for grant of the option

N/A

20. Description of shares or debentures involved: class, number

N/A

21. Exercise price (if fixed at time of grant) or indication that price is to be

fixed at time of exercise

N/A

22. Total number of shares or debentures over which options held following this

notification

N/A

23. Any additional information

24. Name of contact and telephone number for queries

Gary Whitaker - 020 7780 6999

25. Name and signature of authorised company official responsible for making

this notification

Gary Whitaker

Company Secretary

Date of Notification: 18 August 2010