Disclosure of Director's Interest in Shares

Havelock Europa PLC

(the "Company")

Disclosure of Director's Interest in Shares and Share Options

The Remuneration Committee of the Board of Havelock Europa plc ("the Company") has made the following awards to Eric Prescott, Chief Executive of the Company.

Long Term Incentive Plan

An award of 530,000 nil cost shares under the Long Term Incentive Plan 2006.

The award will vest after the announcement of the Preliminary Results for the year to 31 December 2016 subject to the following performance conditions:

- the whole award is dependent on Total Shareholder Return exceeding 50% over the performance period of 28 May 2014 to 28 May 2017; and

- the achievement of further targets in relation to Earning per Share (50% of the award) and Return on Capital Employed (50% of the award) during the three year period, commencing on 1 January 2014.

Share Options

In addition, Mr Prescott has been granted options over 300,000 ordinary shares in the Company at an exercise price of 23.5 pence, 127,650 being granted under the Approved Share Option Scheme 2005 and 172,350 under the Unapproved Share Option Scheme 2005.

These options were granted on 28 May 2014 and will vest on achievement of the performance conditions, which are that the share price shall have reached 35 pence for the 10 dealing days falling immediately prior to the third anniversary of the date of the grant.

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