Director/PDMR Shareholding

Director/PDMR Shareholding

Anpario plc

Anpario plc ( “the Company”)
Issue of Shares under Joint Share Ownership Scheme

Anpario plc announces that the Company has, on 12 December 2011, issued and allotted a total of 896,138 new ordinary shares of 23p each in the Company ("Ordinary Shares"), representing 4.58 per cent of the enlarged issued share capital of the Company. The shares were issued at a subscription price of 79p per ordinary share, this being the closing price of a share in the Company on 9 December 2011, pursuant to The Anpario plc Employees' Joint Share Ownership Plan ("the Plan").

The shares have been issued into the respective joint beneficial ownership of (i) each of the participating executive Directors named below and (ii) the trustee of The Anpario plc Group Employees' Share Trust ("the Trust") upon and subject to the terms of joint ownership agreements ("JOAs") respectively entered into between the Director concerned, the Company and RBC cees Limited as trustee of the Trust ("the Trustee"). The subscription price has been paid by the Trust out of funds advanced to it by the Company.

Name of Director	Â	Jointly Owned Shares Awarded
Richard Edwards		567,039
David Bullen		242,143
Karen Prior		86,956

The awards are in substitution for the release and capping of existing share options. The terms of the JOAs provide, inter alia, that if jointly owned shares become vested and are sold, the proceeds of sale will be divided between the joint owners so that the participating Director receives an amount equal to any growth in the market value of the Jointly Owned Shares above the initial market value (79 pence per share), less a “carrying cost” (equivalent to simple interest at 4.5 per cent per annum on the initial market value) and the Trust receives the initial market value of the jointly owned shares plus the carrying cost.

Application for admission to AIM of the 896,138 new Ordinary Shares has been made and it is expected that admission will happen on 15 December 2011.

Following admission, the beneficial interests held by the Directors of the Company will remain unchanged as follows:

Name of Director	Â	No. of whole Shares in which the Director is interested	Â	No. of Shares in which the Director has an interest under the terms of a JOA or EMI scheme
Richard Edwards		32,681		772,170
David Bullen		-		772,170
Karen Prior		20,000		392,388

Disclosure and Transparency Rules

In accordance with the FSA's Disclosure and Transparency Rules, the Company's issued share capital following the admission of the Ordinary Shares will comprise 19,805,571 ordinary shares of 23p with voting rights.

The Company holds 235,000 shares in Treasury. The total number of ordinary shares in issue (excluding shares held as treasury shares) is 19,570,571 and may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Disclosure and Transparency Rules.

Enquiries:

Anpario plc
Richard Edwards, Executive Vice-Chairman [phone]
Karen Prior, Group Finance Director [phone]

FinnCap
Matthew Robinson / Henrik Persson - Corporate Finance
Stephen Norcross - Corporate Broking
[phone]