Grant of Awards Under Performance Share Plan

Lakehouse plc

16 December 2015

GRANT OF AWARDS UNDER THE LAKEHOUSE PLC PERFORMANCE SHARE PLAN

The following notification is made in accordance with Disclosure Rule 3.1.4R(1)(a) of the Disclosure Rules and Transparency Rules.

On 15 December 2015, the following Directors of Lakehouse plc ("the Company") were granted awards over a total of 1,091,871 ordinary shares in the capital of the Company pursuant to the terms of the Lakehouse plc Performance Share Plan ("Plan"):

Each award was notified to the Company by each of the individuals referred to above on 15 December 2015 pursuant to Disclosure Rule 3.1.2R of the Disclosure Rules and Transparency Rules.

Each award has been granted as an option to acquire ordinary shares in the capital of the Company and is subject to, and governed by, the provisions of the Plan. The ability to exercise each award is subject to the prior satisfaction of earnings per share and total shareholder return performance targets which will each normally be measured over a three year period. No consideration was paid for the grant of any of the awards identified above. With the exception of the award granted to Michael McMahon, no consideration is payable in order to exercise the awards set out above. In relation to the award granted to Michael McMahon, an exercise price of 10 pence per share (being the nominal value of an ordinary share in the capital of the Company) is payable in order to exercise such award and has been set in accordance with the rules of the Plan.

Further Information

For further information please contact, Simon Howell, Company Secretary on 01708 758 914.