Director/PDMR Shareholding

RNS Number : 0542E

Morgan Sindall Group PLC

31 March 2011

MORGAN SINDALL GROUP plc

(the "Company")

Notification of Transactions by Directors

The Morgan Sindall Executive Remuneration Plan 2005

Grant of options and conditional share awards

On 30 March 2011, directors of the Company were granted options and/or conditional share awards over ordinary shares of 5p each in the capital of the Company ("shares") under the Morgan Sindall Executive Remuneration Plan 2005 ("the Plan"). Under the Plan the directors were allowed to choose between receiving either conditional share awards or options or a mixture of both.

Details of the directors and the number of shares under option and/or conditional share awards granted to them under the Plan are set out below:

Director	Number of shares over which options awarded	Number of conditional shares awarded
John Morgan	200,000	Nil
Paul Smith	Nil	58,790
David Mulligan	Nil	34,703
Paul Whitmore	Nil	34,247

The exercise price for the above options is £6.57 per share. Subject to the satisfaction of an earnings per share performance condition, options will normally be exercisable for a period of 7 years from 30 March 2014. No consideration was paid for the grant of the options.

Conditional share awards do not have an exercise price and will normally vest on 30 March 2014 being the third anniversary of the date of grant, subject to continued employment with the Company and the satisfaction of an earnings per share performance condition. No consideration was paid for the grant of the awards.

Lapse of options and conditional share awards

The performance conditions attached to the share options and conditional share awards granted under the Plan to the directors of the Company on 9 April 2008 have not been satisfied and the following share options and conditional share awards have lapsed as set out below:

Director	Number of share options lapsing	Number of conditional share awards lapsing
John Morgan	122,716	Nil
Paul Smith	72,814	18,046
David Mulligan	38,980	9,745
Paul Whitmore	Nil	18,046

Following the grant and lapse of the above options and conditional share awards under the Plan these directors maintain the following beneficial interests in the issued share capital of the Company:

Director	Beneficial interest in the shares of the Company	% of the issued share capital of the Company	Total number of shares over which options are held	Total number of conditional share awards held
John Morgan	4,497,508	10.41	838,308	Nil
Paul Smith	217,915	0.50	381,810	124,902
David Mulligan	24,544	0.06	221,176	73,708
Paul Whitmore	62,840	0.15	1,338	105,647