Abrdn Property Regulatory News (API)

1.

Name of the issuer

API Group plc

2.

State whether the notification relates to (i) a transaction notified in accordance with DR 3.1.4(R)(l)(a); or (ii) DR 3.1.4(R)(1)(b) a disclosure made in accordance with section 324 (as extended by section 328) of the Companies Act 1985; or (iii) both (i) and (ii)

(iii) Both

3.

Name of person discharging managerial

responsibilities/director

Mr Christopher Smith

4.

State whether notification relates to a person

connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person

N/A

5.

Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a nonbeneficial

interest 1

As in 3 above

6.

Description of shares (including class), debentures or derivatives or financial instruments relating to shares

Ordinary shares of 1 pence

7.

Name of registered shareholders(s) and, if more than one, the number of shares held by each of them

As 3 above

8.

State the nature of the transaction

The grant of an option to acquire shares pursuant to the API Group plc 2006 Performance Share Plan

9.

Number of shares, debentures or financial

instruments relating to shares acquired

325,000 Shares

10.

Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)

0.46%

11.

Number of shares, debentures or financial

instruments relating to shares disposed

N/A

12.

Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)

N/A

13.

Price per share or value of transaction

NIL

14.

Date and place of transaction

30 September 2008;

London Stock Exchange

15.

Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)

38,235 / 0.05% (but deemed to be interested in shares under option)

16.

Date issuer informed of transaction

30 September 2008

17.

Date of grant

30 September 2008

18.

Period during which or date on which exercisable

30 September 2011 - 29 September 2018

19.

Total amount paid (if any) for grant of the option

NIL

20.

Description of shares or debentures involved (class and number)

325,000 ORDINARY SHARES OF 1P EACH

21.

Exercise price (if fixed at time of grant) or

indication that price is to be fixed at the time of exercise

Nil

22.

Total number of shares or debentures over which options held following notification

325,000 ORDINARY SHARES OF 1P EACH

23.

Any additional information

N/A

24.

Name of contact and telephone number for queries

J Hyndman

Company Secretary

Phone: 01625 650570

Name of authorised official of issuer responsible for making notification

Jane Hyndman, Company Secretary, API Group plc

Date of notification 1 October 2008

(1)

An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24.

(2)

An issuer making a notification in respect of a derivative relating the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24.

(3)

An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24.

(4)

An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.