Director/PDMR Shareholding

RNS Number : 8301I

Morgan Crucible Co PLC

18 March 2010

The Morgan Crucible Company plc

PDMR Transactions relating to The Morgan Crucible Bonus Deferral Share Matching Plan (the 'Plan')

18^th March 2010

1. Grant of Deferred Bonus and Matching Awards

The Morgan Crucible Company plc (the 'Company') announces that on 18th March 2010 the following awards over ordinary 25p shares in the Company ('Shares') were granted to an Executive Director and other persons discharging managerial responsibility ('PDMRs') under the Plan.

There are two linked awards:

Deferred Awards granted following the Executive Director's and other PDMRs' election to convert part of their bonus for the financial year 2009 into a deferred entitlement to Shares. The award relates to post-tax bonus. The Company's mid-market closing Share price on the date of grant was 188.7p; and

Matching Awards, the vesting of which is linked to continued service and an Earnings per Share-based measure of growth over a three year period. At the top end of the performance scale, the Matching Award would vest at three times the number of Shares which could be acquired with the pre-tax amount of the bonus which the participant had elected to invest in Shares under the Deferred Award.

Executive	Number of Shares under the Deferred Award	Maximum Number of Shares under the Matching Award
Ralph Gomarsall	5,072	25,790
Simon Halliday	10,845	55,147
Tim Hayter	11,255	57,233
Andrew Riley	5,862	29,809
Mark Robertshaw	20,635	104,928

2. Deferred Awards granted under the Plan in March and April 2008

The Company also announces that on 18th March 2010, the PDMRs and Executive Directors, listed below, waived certain Deferred Awards that were granted to them on 11th March 2008 and 18th April 2008 respectively. On the same date these persons were granted awards over an equivalent number of restricted Shares, which will attract matching Shares if retained until the original vesting date of the Deferred Awards.

The number of restricted Shares was increased to reflect the notional re-investment of dividends on the waived Deferred Awards.

Each participant has sold a portion of their restricted Shares to satisfy the income tax and employee national insurance due under the arrangements.

The number of matching Shares, linked to the Deferred Awards, remains unchanged.

	1	2	3	4
Executive	Number of Shares waived under 2008 Deferred Award	Number of Shares granted under restricted Share Award	Shares sold to discharge tax ⁽¹⁾	Net number of Restricted Shares held
Paul Boulton	36,685	40,895	16,951	23,944
Kevin Dangerfield	58,266	64,953	26,924	38,029
Ralph Gomarsall	26,565	29,613	12,275	17,338
Simon Halliday	24,766	27,607	11,444	16,163
Tim Hayter	50,600	56,406	23,381	33,025
Andrew Hosty	53,652	59,808	24,791	35,017
Andrew Riley	8,777	9,782	4,055	5,727
Mark Robertshaw	104,743	116,765	48,400	68,365
Amanda Wooding	34,155	38,074	15,782	22,292

⁽¹⁾ The sale of Shares (to satisfy the tax and employee national insurance contributions falling due and to cover the incidental costs of disposal) took place on the London Stock Exchange on 18^th March 2010, at a price of 188p per Share.

3. Shareholdings following the above transactions

As a result of the transactions referred to in (1) and (2) above, the total shareholdings and total percentage holdings of the executives listed above are as follows:

Executive	Shareholding (including shares held as post-tax Deferred Awards under the Plan)	Total Percentage Holding
Paul Boulton	23,987	0.0089%
Kevin Dangerfield	190,916	0.0707%
Ralph Gomarsall	75,324	0.0279%
Simon Halliday	98,702	0.0365%
Tim Hayter	108,097	0.04%
Andrew Hosty	277,072	0.1025%
Andrew Riley	78,389	0.029%
Mark Robertshaw	476,499	0.1763%
Amanda Wooding	42,687	0.0158%