Shepherd Neame Limited Director/PDMR Shareholding

The following share transactions have been notified to the Company and are reported accordingly:

On 1 October 2015, Jonathan Neame advised that he had exercised and subsequently sold 3,985 secondary options granted by the Company on 28 October 2011 and vesting on 28 October 2014, in accordance with the performance criteria being met. The option price was £1.00 per ordinary share.   The above transaction results in no change to the beneficial interest in the Company’s shares now held by Mr Neame and his connected parties, which remains as 154,773 Ordinary shares (1.04%). Mr Neame’s interest in legal and non-beneficial trusts, previously notified as 80,990 shares, is restated at 81,790 shares.

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