TRANSACTION NOTIFICATION

1.

Details of PDMR / PCA

a)

Name

James A. Ryan

b)

Position / status

Non-executive director

c)

Initial notification/amendment

Initial notification

2.

Details of the transaction(s)

a)

Description of the financial instrument

Ordinary shares

b)

Nature of the transaction

Acquisition

c)

Price(s) and volume(s)

d)

Aggregated information

Aggregated volume price

10,000 ordinary shares acquired at £5.6494 per share

e)

Date of the transaction

29 March 2017

f)

Place of the transaction

London Stock Exchange