Director/PDMR Shareholding

RNS Number : 3334I

RIT Capital Partners PLC

09 March 2010

Directors' Interests

Lord Rothschild and Duncan Budge, directors of RIT Capital Partners plc ('RITCP') have today exercised Share Appreciation Rights ('SARs') over notional £1 ordinary shares of RITCP at 1072p per share. Such exercises are in accordance with the terms of the J. Rothschild Capital Management Share Appreciation Rights Plan, and are in respect of the following SAR grants:

Director	Notional no. of RITCP ord. shares	Dates of grant	SAR price	SAR exercise period
Lord Rothschild	152,672	19 July 2005	786 p	19 Jul 2008 - 18 Jul 2015
Duncan Budge	172,467	26 March 2003	381p	26 Mar 2006 - 25 Mar 2013
Duncan Budge	101,781	19 July 2005	786p	19 Jul 2008 - 18 Jul 2015

SAR grants entitle the holder to the payment of a cash bonus between the third and tenth anniversaries of the relevant date of grant, calculated by reference to a notional number of RITCP £1 ordinary shares. The bonus equates to the increase since the date of grant in the RITCP share price multiplied by the notional number of shares, net of income tax and National Insurance. RITCP's liability for these SAR exercise payments has been fully recognised in its net asset valuation announcements.

Following the above SAR exercises, the outstanding SARs held by Lord Rothschild and Duncan Budge are as follows:

Director	Notional no. of RITCP ord. shares	SAR price	Dates exercisable

Lord Rothschild	127,795	939p	15 Mar 2010 - 14 Mar 2017
Lord Rothschild	137,654	1,122p	27 Mar 2011 - 26 Mar 2018
Lord Rothschild	201,792	796p	13 Mar 2012 - 12 Mar 2019
Duncan Budge	95,846	939p	15 Mar 2010 - 14 Mar 2017
Duncan Budge	75,912	1,122p	27 Mar 2011 - 26 Mar 2018
Duncan Budge	111,283	796p	13 Mar 2012 - 12 Mar 2019