Long-Term Incentive and Company Share Option Plan

Pinewood Shepperton plc

Vesting of Awards under the Pinewood Shepperton plc 2006 Long-Term Incentive Plan and the Pinewood Shepperton plc 2010 Company Share Option Plan

Pinewood Shepperton plc ("Pinewood") announces that following the announcement made by Peel Acquisitions (Pegasus) Limited ("Peel") on 21 June 2011 that its offer for all of the issued and to be issued Pinewood Shares is unconditional in all respects, awards over 987,992 Pinewood Shares granted under the Pinewood Shepperton plc 2006 Long-Term Incentive Plan and the Pinewood Shepperton plc 2010 Company Share Option Plan (the "LTIP", the "LTIP Awards", the "CSOP" and the "CSOP Options") (including awards over 127,100 Pinewood Shares granted under the Joint Ownership Award Schedule (the "JOP Awards")) have vested, including the following awards granted to persons discharging managerial responsibilities:

The LTIP Awards and a proportion of the CSOP Options will be satisfied by the 800,000 Pinewood Shares that have today been issued to Avenue Trust Company Limited, the trustee of the Pinewood Shepperton plc Employee Benefit Trust ("Avenue"). The remainder of the Pinewood Shared required to satisfy the CSOP Options will be issued to Avenue on behalf of holders of CSOP Options following the exercise of CSOP Options. The JOP Awards have been satisfied by the 127,100 Pinewood Shares held by Avenue as nominee for the holders of the JOP Awards.

Applications will be made for the 800,000 Pinewood Shares that have been issued today to be admitted to the Official List of the UK Listing Authority and to trading on the London Stock Exchange's market for listed securities. Admission of the shares to the Official List and to trading on the London Stock Exchanges's market for listed securities is expected to occur on 4 July 2011.

In accordance with DTR 5.6.1R, as a result of the above issue of shares, the issued share capital of Pinewood consists of 47,032,006 ordinary shares of 10 pence each, all of which have voting rights. The above figure may be used by Pinewood Shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Pinewood under the FSA's Disclosure and Transparency Rules.

The Directors of Pinewood accept responsibility for the information contained in this announcement. To the best of the knowledge and belief of the Directors of Pinewood (who have taken all reasonable care to ensure that such is the case), the information contained in this announcement is in accordance with the facts and does not omit anything likely to affect the import of such information.

Enquiries:

Pinewood Shepperton plc

Andrew Smith Tel: +44 (0) 1753 656732

J.P. Morgan Cazenove

Hugo Baring / Bronson Albery Tel: +44 (0) 20 7588 2828

Brunswick Group LLP

James Olley Tel: +44 (0) 20 7404 5959