Director/PDMR Shareholding

Close Brothers Group PLC 05 March 2008 Close Brothers Group plc Close Brothers Group plc ("the Company") notify the following changes in the interests in the ordinary shares ("Shares") of an executive director arising out of the operation of its Long Term Incentive Plan 2004 ("LTIP"). On 4 March 2008, options to acquire Shares at nil cost ("Award") which were granted under the LTIP to the following executive director is set out below. The number of Shares stated is the maximum available to the director on satisfaction, in full, of the performance targets described below. Director Ordinary shares under Awards J.A.G. Howell 113,207 Vesting of this Award will be conditional on the achievement of two distinct performance targets. Vesting of two thirds of the Shares under an Award will be based on the Company's Earnings Per Share ("EPS") growth exceeding a range of targets above the rate of growth of the Retail Prices Index ("RPI"). Vesting of the remaining one third of the Shares under an Award will be based on a condition measuring the Company's total shareholder return ("TSR") performance relative to a comparator group of 24 other companies from the FTSE 350 Speciality and Other Financial Index and FTSE 350 Banks Index. The earliest date on which the executive director could normally become entitled to call for the Shares comprised in the Award is 4 March 2011, which is the third anniversary of the date on which this Award was granted. It is intended that the Shares required to satisfy this Award on maturity will be transferred by the trustee of the Close Brothers Group plc Employee Benefit Trust. The Company's Remuneration Committee reserves the right to make a payment in cash or in Shares to the participant on the vesting of their Award equivalent to the amount of dividends they would have been entitled to receive during the performance period in respect of those Shares that vest. The beneficial interests in the ordinary share capital of the company of the executive director involved in the LTIP Award above are: Shareholding Option holding Deferred share LTIP awards prior to prior to awards prior to prior to LTIP Award LTIP Award LTIP Award LTIP Award Director J.A.G. Howell - - - - Shareholding Option holding Deferred share LTIP awards after after award after after LTIP Award LTIP Award LTIP Award LTIP Award Director J.A.G. Howell - - - 113,207 The company's closing mid-market share price on the date of the grant of the LTIP award was 612p. This information is provided by RNS The company news service from the London Stock Exchange
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