Director/PDMR Shareholding

Keller Group plc

Notification and public disclosure of transactions by Persons Discharging Managerial Responsibilities (“PDMRs”)

Awards made under Keller Group plc’s Long-Term Incentive Plan (“LTIP”)

On 15 March 2021 Keller Group plc (the “Company”) granted:

• Deferred bonus awards totalling 67,607 ordinary shares of 10p each in Keller Group plc (“Ordinary Shares”); and
• Performance share awards totalling 427,074 Ordinary Shares

as awarded by the Remuneration Committee under the terms of the LTIP to the PDMRs listed in the tables below.

The Company received notification from PDMRs on 17 March 2021 of the granting of deferred bonus awards and performance share awards under the LTIP in respect of the following number of Ordinary Shares.

Deferred Bonus Award – in respect of the year ended 31 December 2020

Executive Directors are subject to a deferral of 25% of any annual bonus payment into Ordinary Shares for a period of two years. The deferred award retains eligibility for dividend equivalents from the date of grant until the vesting date. Malus and clawback apply.

Name	Position	No. of Ordinary Shares awarded1/3	Total Deferred Bonus Awards outstanding3
Michael Speakman	Chief Executive Officer	23,530	28,310
David Burke	Chief Financial Officer	3,522	3,522

Other PDMRs are subject to a deferral into Ordinary Shares of any annual bonus payment in excess of 100% of salary. The deferral is also for a period of two years, with the deferred award retaining eligibility for dividend equivalents from the date of grant until the vesting date. Malus and clawback apply.

Name	Position	No. of Ordinary Shares awarded1/3	Total Deferred Bonus Awards outstanding3
Eric Drooff	Chief Operating Officer of North America	3,718	3,718
James Hind	President of North America	19,230	24,078
Venu Raju	Engineering and Operations Director	14,058	17,471
Peter Wyton	President of APAC	3,549	3,549

Performance Share Awards – for the period 2021/23

Name	Position	No. of Ordinary Shares  awarded 1/2/3	Total Performance Share Awards outstanding3
Michael Speakman	Chief Executive Officer	102,858	335,995
David Burke	Chief Financial Officer	56,273	56,273
Graeme Cook	Group Human Resources Director	23,770	77,721
Jim De Waele	President of Europe	27,011	75,958
Eric Drooff	Chief Operating Officer of North America	28,879	105,465
James Hind	President of North America	61,247	202,904
Kerry Porritt	Group Company Secretary and Legal Advisor	20,709	63,719
John Raine	Group HSEQ Director	20,409	67,089
Venu Raju	Engineering and Operations Director	35,847	117,278
Katrina Roche	Chief Information Officer	22,059	22,059
Peter Wyton	President of APAC	28,012	85,567

The measures selected by the Remuneration Committee together with the associated targets are shown on the table below. The weightings are all set at 25% in order to provide balance between measures and materiality to each of them individually.

Measure	Weighting	Vesting Schedule
		% of award that will vest
		0%	25%	100%
Operating Profit Margin	25%	Below 5.2%	5.2%	6.2%
Cumulative EPS	25%	Below 245p	245p	310p
ROCE	25%	Below 12%	12%	18%
Relative TSR	25%	Below median	Median	Upper quartile

The Performance Share Award performance conditions are measured over a three year period ending on 31 December 2023, except for the Operating Profit Margin which is measured in year three. The Performance Share Award performance conditions are expected to vest in March 2024. Executive Directors are subject to a further two year holding period. Malus and clawback apply.

The above transactions took place in the United Kingdom, with a grant date of 15 March 2021 and the PDMRs being notified on 17 March 2021.

K A A Porritt
Group Company Secretary and Legal Advisor
17 March 2021
www.keller.com

1 The price used to calculate the maximum number of ordinary shares under the Deferred Bonus Award and Performance Share Award was 833p, being the average closing price on 10, 11 and 12 March 2021 of the Company's shares on the main market of the London Stock Exchange.

2 The amounts shown above represent the maximum possible number of Ordinary Shares that may be granted to the above named participants under the 2021 Performance Share Award.

3 The awards above exclude notional dividends.

LEI number:    549300QO4MBL43UHSN10
Classification:  2.2 Inside information