Replacement - Result of Placing

RNS Number : 2251B

Melrose PLC

12 April 2012

The below announcement is an amendment to the announcement released today at 11:09am (RNS Number 2167B). The only amendments are the inclusion of "Other employees" in the first column of the first table and change of heading of said column to "Director/employee" as per the below.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION INTO OR IN THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN

12 April 2012

Melrose PLC

("Melrose" or "the Company")

SECONDARY PLACING OF ORDINARY SHARES IN MELROSE PLC

Further to the earlier announcement in relation to the proposed secondary placing of ordinary shares, the Board of Melrose announces, in accordance with Disclosure and Transparency Rule 3.1.4, that it has been notified today that several Directors and employees of Melrose have today sold 16,969,742 existing ordinary shares in the Company ("the Placing Shares") on the London Stock Exchange and that these shares were sold pursuant to trading plans entered into on 26 March, 2012 the business day following publication of the circular relating to the crystallisation of the 2009 incentive shares in the Company. The sales represent in aggregate approximately 4.0 per cent of the total issued share capital of Melrose. The Placing Shares were sold to institutional investors via an accelerated bookbuild placing managed by Investec. The shares were placed at a price of 400p per share.

Following this disposal the executive directors (each of whom is a PDMR under the Disclosure and Transparency Rules) have the following shareholdings in the Company.

Director/employee	Number of new ordinary shares arising upon 2009 incentive share crystallisation	Number of Placing Shares sold	Sale price per Placing Share	Resultant number of ordinary shares held	Resultant shareholding (%)
Christopher Miller	7,499,512	4,000,000	400p	8,080,019⁽¹⁾	1.9
David Roper	7,499,512	4,200,000	400p	5,575,670	1.3
Simon Peckham	7,499,512	3,749,756	400p	5,621,880	1.3
Geoffrey Martin	4,687,195	2,577,957	400p	2,768,336	0.7
Other employees	4,062,238	2,442,029	400p	n/a	n/a
Total	31,247,969	16,969,742

(1) The interest of Christopher Miller includes 2,160,714 ordinary shares held by Harris & Sheldon Investments Limited, a company which is connected with Christopher Miller within the meaning of section 252 of the Companies Act 2006.

Furthermore, subsequent to approval from shareholders obtained in yesterday's General Meeting of the Company, options over 2012 incentive shares in the company ("2012 Incentive Shares") granted for nil consideration in favour of the following executive directors and certain employees have today become effective.

Director/employee:				Number of options over 2012 Incentive Shares awarded
Christopher Miller				8,500
David Roper				8,500
Simon Peckham				8,500
Geoffrey Martin				8,500
Other employees				16,000
Total				50,000