Director's Notification of Dealing in Shares

FirstGroup PLC 4 July 2000 FIRSTGROUP PLC - NOTIFICATION OF DIRECTORS INTERESTS On 3 July 2000, FirstGroup plc made awards to the Executive Directors under its current Long Term Incentive Plan. Details are set out below. An award consists of an option to acquire ordinary shares of 5p in the Company at nil cost subject to certain performance conditions. The primary condition is the level of total shareholder return achieved over a three year performance period compared with that of other companies (excluding investment trusts) in the FTSE 250 index. If the performance criteria are met, awards may be exercised any time after the performance period end (31.03.2003) until the 7th anniversary of the grant of the award. If the shareholder return is in the top 25% of the Index, an award would be exerciseable in respect of double the number of shares in the initial award. Regardless of shareholder performance, an award will not be exerciseable unless the Group has achieved growth in earnings per share greater than the increases in RPI measured over the same performance period. The maximum value of shares comprised within any award in any financial year is limited to 40% of that director's annual salary at the date of grant. The share value used for this calculation was the mid market price on 30 June 2000 being £2.36. 2000/01 2000/01 Initial Award Maximum Possible Award M Lockhead 55,084 110,168 JA Osbaldiston 46,610 93,220 RA Duncan 37,288 74,576 MJ Mitchell 33,898 67,796 I Lanaghan 27,966 55,932

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FirstGroup (FGP)
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