Shepherd Neame Limited Director/PDMR Shareholding

Posted: 22 October 2013

The following share transaction was notified to the Company and is reported accordingly:

On 17 October 2013 the Company was notified that on that date Mr G H A Barnes and his connected parties acquired a total of 950 "B" Shares at 30 pence per share. As a result of this transaction the beneficial interest in "B" Ordinary Shares held by Mr G H A Barnes and his connected parties increased from 139,900 (0.21%) to 140,850 (0.21%). The Announcement made on 21 December 2012 stated the "B" Ordinary Shares acquired by Mr G H A Barnes and his connected parties as being 10,000 rather than the 1,700 acquired.

The above transaction formed part of share sales totalling 100,000 "B" Shares.

There are currently 68,000,000 "B" Ordinary Shares in issue.

The Directors of Shepherd Neame Limited accept responsibility for this announcement.