Long Term Incentive Plan

HARGREAVES SERVICES PLC

('the Company')

19 September 2011

Long Term Incentive Plan ('LTIP')

The Company advises that, on 16 September 2011, conditional awards involving 134,626 ordinary shares of 10p each ('Ordinary Shares') were made under the LTIP rules to a number of employees.

Included within the allocation were awards made to the following Directors:

Director Maximum number of Ordinary Shares awarded

Gordon Banham 34,657

Iain Cockburn 16,989

Kevin Dougan 12,130

Nigel Barraclough 14,503

The number of Ordinary Shares stated is the maximum available to the persons named above on satisfaction of the performance target in full. The earliest date on which the persons named above would become beneficially entitled to the shares comprised in the awards is 16 September 2014 which follows the performance period defined in the LTIP.

The total number of voting rights in the Company is 26,957,742.

For further information, please contact:

Hargreaves Services plc 0191 373 4485

Gordon Banham

Iain Cockburn

Brewin Dolphin 0845 2134730

Matt Davis

Nick Owen

RBS Hoare Govett 0207 678 8000

Stephen Bowler

END