CIU.L Regulatory News (CIU)

Cape plc ('Cape' or the 'Company')

Director / PDMR notification

Cape Performance Share Plan

Cape plc (the "Company") makes the following announcement regarding director participation in the Company's Performance Share Plan ("PSP").

Notification is given in respect of the options that were granted on 31 March 2013 (the "2013 PSP Awards"). In accordance with the rules of the PSP, and as noted in the Company's annual report, the 2013 PSP Awards in respect of the Company's ordinary shares of 25p each have vested at a level of 39% of maximum, based on the level of the Company's achievement against the relevant performance conditions.

Joe Oatley and Michael Speakman (the "Executive Directors") exercised their respective vested options on 3 May 2016 and on the same day sold sufficient shares at 229 pence per ordinary share to settle the tax, NI liability and dealing charges. Further details are as set out below. No payment by the Executive Directors was required for the grant, vesting or exercise of the 2013 PSP Awards.

After the transactions set out above, the beneficial holdings of the Executive Directors, including their connected persons, in the ordinary shares of the Company are set out in the table below:

1 The total shareholding of the Directors includes that of their connected persons. Mr Oatley's shares are held in the name of his wife, Jane Oatley.

The transactions took place in the UK on 3 May 2016 with the Directors and the Company being notified on 3 May 2016. This announcement is made in accordance with Disclosure and Transparency Rules 3.1.2R and 3.1.3R.

Further information concerning each Director's retained conditional awards under the PSP are set out in the Company's 2015 annual report.

Cape plc

Richard Allan

Company Secretary