Director/PDMR Shareholding

29 April 2016

The Weir Group PLC 

Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons

Grant of Share Awards under the 2014 Long Term Incentive Plan

On 29 April 2016, the following awards over ordinary 12.5 pence shares in the Company were made under the 2014 Long Term Incentive Plan (the "LTIP 2014") to Persons Discharging Managerial Responsibilities ("PDMRs") of the Company:

Name of PDMR         Number of Performance Shares     Number of Restricted Shares

Keith Cochrane                                   160,944

Jon Stanton                                         78,111

Dean Jenkins                                      78,111

Andrew Neilson                                   44,806

Pauline Lafferty                                  44,323

John Heasley                                      47,896

Ricardo Garib                                     68,482

Paul Coppinger                                   32,389                                            19,433

No consideration was paid for the grant of the awards.

The vesting of a performance award is subject to continued employment of the PDMR and the following performance conditions:

EPS

The EPS targets at entry are 2% CAGR growth and maximum vesting at 7.5%.

Minimum Vesting (25%), EPS growth of 2% per annum over the three year period to 2018 on a "point to point" basis will be required.

Maximum Vesting (100%), EPS growth of 7.5% per annum over the three year period to 2018 on a "point to point" basis will be required.

ROCE

The ROCE targets at entry are 10.5% in 2018 and maximum vesting at 12.5%

Minimum Vesting (25%), ROCE of 10.5% by 2018.

Maximum Vesting (100%), ROCE by 2018.

Performance against EPS and ROCE targets will be measured on a straight line basis.

TSR

Vesting of 25% of each element if performance matches the median of the Group, rising to 100% if performance is within the top quintile.

The TSR Comparator Group for 2016 is Amec Foster Wheeler, Atlas Copco AB, Caterpillar, Hunting, Dover Corporation, Fenner PLC, FLSmidth & Co. A/S, Flowserve Corporation, FMC Corporation, Forum Energy Technologies Inc, IMI PLC, ITT Corporation, John Wood Group PLC, Joy Global Inc., Komatsu, Metso Corporation, National Oilwell Varco, Outotec Oyj, Petrofac, Rotork PLC, Sandvik AB, Smiths Group PLC, SPX Corporation and Sulzer Ltd.

The Remuneration Committee approved the grant of 'one off' restricted share awards under the LTIP 2014 on 23 February 2016.  These awards were granted today to the PDMRs noted below.

Name of PDMR                                 Number of Restricted Shares

Andrew Neilson                                   20,000

Pauline Lafferty                                  20,000

John Heasley                                      20,000

Ricardo Garib                                     20,000

Paul Coppinger                                   20,000

No consideration was paid for the grant of the one of restricted share awards. There are no performance conditions.  The vesting of each award is subject to continued employment of the PDMR.

The total number of interests held by PDMRs following these awards are as follows:

Name of PDMR                                 Interest

Keith Cochrane                                   333,003          

Jon Stanton                                         161,629

Dean Jenkins                                      143,572

Andrew Neilson                                   102,526

Pauline Lafferty                                  111,605

John Heasley                                      111,743

Ricardo Garib                                     119,232

Paul Coppinger                                   120,327

This notification relates to a transaction notified in accordance with DTR 3.1.2 R.

Andrew Neilson
Company Secretary
0141 308 3771

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Source: The Weir Group PLC via Globenewswire

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