Director/PDMR Shareholding

RNS Number : 2593B

QinetiQ Group plc

13 August 2008

QinetiQ Group plc

13 August 2008

QinetiQ Group plc (the 'Company') - Directors and other PDMRs' share interests

QinetiQ Group plc announces the following transactions in respect of ordinary shares of 1 penny each in the Company ('Ordinary Shares') by Executive Directors and/or other Persons Discharging Managerial Responsibilities' ('PDMR').

1. Grant of options under the QinetiQ Group plc Share Option Scheme (the 'SOS')

On 30 July 2008 options were granted to Duane Andrews over 125,944 Ordinary Shares at an exercise price of £1.985 per Ordinary Share under the terms of the SOS. Options granted under the SOS are normally exercisable during the period commencing on the third anniversary of the date of grant and ending on the day falling six months immediately after the third anniversary of the date of grant and their exercise is conditional upon the achievement of specified performance criteria.

2. Performance Share Plan ('PSP') Allocations

The Company was notified on 12 August 2008 by the trustee of the QinetiQ Group plc Employee Benefit Trust, Lloyds TSB Offshore Trust Company Ltd, that the following conditional allocations of Ordinary Shares were made pursuant to the PSP to the following Executive Directors and PDMRs.

Executive Director	TSR shares	EPS shares	Total number of Ordinary Shares in conditional allocation
Graham Love	100,756	100,755	201,511

PDMR
Clive Richardson	59,509	59,509	119,018

The allocation price for calculating the number of shares was £1.985, being the middle market quotation as at 30 July 2008.

The conditional allocations shown above represent the maximum potential award possible if all performance criteria are met at the end of the three year performance period. If and to the extent that the performance criteria are satisfied at the conclusion of the performance period, the relevant number of shares will be transferred to the relevant Director and/or PDMR at the trustee's discretion.

The percentage of the allocation eventually to vest is dependant on the satisfaction of performance criteria over a three year period commencing on 1 April 2008.

3. Share Allocation

On 30 July 2008 Clive Richardson was conditionally allocated 47,607 Ordinary Shares. The allocation price for calculating the number of shares was £1.985, being the middle market quotation as at 30 July 2008. The vesting of the allocation is conditional upon continued service over the three year performance period commencing on 30 July 2008.

4. Stock Award Plan (SAP) allocation

On 30 July 2008 Duane Andrews was conditionally allocated 330,605 Ordinary Shares. This represents the maximum potential award possible if all criteria are met at the end of the four year performance period (146,935 of the Ordinary Shares allocated are only conditional on continued service). The allocation price for calculating the number of shares was £1.985, being the middle market quotation on 30 July 2008. The percentage of the allocation eventually to vest is dependant on the satisfaction of performance criteria or continued service (as applicable). 25% of the allocation will vest on the first anniversary of the allocation date, a further 25% of the allocation will vest on the second anniversary of the allocation date, a further 25% of the allocation will vest on the third anniversary of the allocation date and the remaining 25% of the allocation will vest on the fourth anniversary of the allocation date, in each case subject to the satisfaction of the performance criteria or continued service (as applicable).

5. Current Share Interests

Following the SOS grant, the PSP allocation, the Conditional Share allocation and the SAP allocation, as at 12 August 2008 the Executive Directors and other PDMRs retain an interest in the share capital of the Company as follows.

	Aggregate number of Ordinary Shares held beneficially (against all accounts)	Share Option Scheme	PSP - conditional on performance	Share Allocation - conditional on continued service	DAB Matching Scheme- conditional allocation	SAP - conditional allocation
Executive Directors
Graham Love	4,984,799	0	302,086	0	53,756	0

PDMRs
Duane Andrews	0	629,474	0	0	0	592,078
Clive Richardson	10,598	0	205,225	94,482	10,598	0