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Director/PDMR Shareholding

11th Dec 2007 10:14

British Airways PLC11 December 2007 BRITISH AIRWAYS PERFORMANCE SHARE PLAN AND DEFERRED SHARE PLAN AWARDS The Company announces that on 10 December 2007 Tony McCarthy being a PersonDischarging Managerial Responsibilities (PDMR) of the Company was made aconditional award of 106,383 ordinary shares of 25p under the British AirwaysPerformance Share Plan ('PSP') and a conditional award of 159,574 ordinaryshares of 25p under the British Airways Deferred Share Plan ('DSP'), The awards under the PSP will vest at the end of the later of the three-yearperformance period (starting with the year of the award) and the thirdanniversary of the date of award only if the performance of British Airwayssatisfies the relevant performance conditions over the single three-yearperformance period. The performance condition relating to one half of the awardmeasures the Company's total shareholder return ('TSR') against a group of otherairline companies. The other half of the award is conditional upon achievementof a satisfactory average annual operating margin over the three-yearperformance period. The awards under the DSP are subject to a phased vestingover a three-year deferral period. Both schemes and the PSP performanceconditions are more fully described in the Remuneration Report contained in theAnnual Report and Accounts 2006/2007 a copy of which can be accessed online atwww.bashares.com. No consideration is payable for the making or vesting of the awards. Notification is made under Disclosure Rule 3.1.2. Alan BuchananCompany Secretary11 December 2007 This information is provided by RNS The company news service from the London Stock Exchange

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