Director/PDMR Shareholding

RNS Number : 2697I

Marks & Spencer Group PLC

10 June 2011

Marks and Spencer Group Plc (the 'Company') Notification of Transactions Of Directors/Persons Discharging Managerial Responsibility and Connected Persons

1. Deferred Share Bonus Plan

It was confirmed on 10 June 2011 that on 9 June 2011 the following awards under the Marks and Spencer Group Deferred Share Bonus Plan were made to the following PDMRs of the Company:

Directors	Allocation of Deferred Bonus Shares (see Note below)
Marc Bolland	162,263
Kate Bostock	102,439
John Dixon	98,039
Steven Sharp	113,724
Alan Stewart	39,789

Note: The above awards were made under the Company's Annual Bonus Scheme for 2010/11. This required executive directors to defer 60% of their bonus earned into shares in the Deferred Share Bonus Plan. This award was granted as a nil cost option, where a participant will normally be entitled to exercise their award and receive free Shares between the third and tenth anniversary of grant. There will be no match paid against these deferred shares, although the value of dividends accrued, in the form of dividend equivalents will be paid at the end of the period. No price is payable on the exercise of the award. For the purposes of this calculation, the grant was made at a share price of £3.784.

The Annual Bonus Scheme is designed to focus and reward executives for specific operational improvements which will drive the Company's performance. The targets for the Company are determined annually by the Remuneration Committee and for 2010/11 incorporated a mixture of profit before tax, and individual performance.

2. Shareholdings of PDMRs

Directors	Total Holding of Ordinary Shares	Total Percentage Holding in the Company
Marc Bolland	147,430	De minimis
Kate Bostock	182,514	De minimis
John Dixon	102,549	De minimis
Steven Sharp	387,808	De minimis
Alan Stewart	10,000	De minimis