Director/PDMR Shareholding

Notification of Transactions of Persons

Discharging Managerial Responsibility in accordance with Article 19(1) of the Market Abuse

Regulation (2014/596/EU) ("MAR")

The Company announces that it was informed that Patricia Lis, wife of non-executive Director David Lis, sold 3,500 Ordinary Shares of 48/7 pence each in the Company on 15 March 2019 at a price of 185.4384 pence per share. Mrs Lis subsequently purchased 3,500 Ordinary Shares of 48/7 pence each in the Company on 18 March 2019 at a price of 185.4495 pence per share.

Following this sale and subsequent purchase, Mr Lis and persons closely associated with him hold 458,947 shares in the Company, representing approximately 0.009% of the issued share capital of the Company.

Enquiries:

Montfort Communications: +44 (0) 20 3514 0897

Nick Miles, Charlotte McMullen: +44 (0) 7973 130 669 / +44 (0) 7921 881 800