PSP Vesting

Director/PDMR Shareholding

Performance Share Plan - Vesting of awards

 Ladbrokes plc ("the Company") announces the partial vesting of conditional Share awards made in 2011 under the terms of the Company's Performance Share Plan.

The performance conditions attaching to the Share awards comprised two elements, with 50% of the award being subject to Earnings Per Share ("EPS") growth targets and 50% based on Total Shareholder Return ("TSR") against a comparator group. Taking into account the performance against the criteria, 25% of the original awards vested on 25 February 2014.

Details of the number of Shares vesting in respect of Executive Directors and other Persons Discharging Managerial Responsibility, together with the number of any vested Shares subsequently sold, are detailed below.

Notes

1 The conditional awards were made in respect of the Company's ordinary shares of 28⅓ pence per share ("Shares").

2 The rules of the Performance Share Plan provide that, on vesting, an additional award will be made to the value of dividends that would have been received on the vested element of the award during the performance period. This additional award has been provided in Shares.

3 The participants sold the number of Shares stated to cover liabilities to income tax and national insurance contributions arising on vesting. All sales were made in the London market on 25 February 2014 at a price of 151.61 pence per share, details of which were notified to the Company on 26 February 2014.