Notification of Transactions of PDMRs

27 August 2015

Notification of Transactions of PDMRs

Shawbrook Group plc (the "Company")

Grant of Awards under the Company's Performance Share Plan

On 27 August 2015 the following persons discharging managerial responsibilities ("PDMRs") were granted nil cost option awards over ordinary shares of £0.01 under the Shawbrook Group Performance Share Plan (the "PSP") as noted below:

Subject to the terms of the PSP, the awards will ordinarily vest and become exercisable as from the 2^nd of April 2018 subject to the grantee's continued service and to the extent to which corporate performance conditions are met over a measurement period comprising three financial years of the Company ending on 31 December 2017.

Once exercisable, an award shall ordinarily remain exercisable until the eve of the tenth anniversary of the grant date of the awards.

No consideration was paid for the grant of the awards by the Company and no consideration is due on the vesting and/or exercise of the awards.

This notification is made in accordance with DTR 3.1.4(1)(a).

For further information please contact:

Paula Watts, Head of Secretariat

01277 751110

[email protected]