Cropper (J) Regulatory News (CRPR)

21 August 2015

JAMES CROPPER PLC ('THE COMPANY')

Directors' Shareholdings

Long-Term Incentive Plan Award

The Company announces that on 20 August 2015, under the terms of The James Cropper PLC 2008 Long Term Incentive Plan (the "Plan"), an aggregate of 29,000 ordinary shares of 25 pence each ("Ordinary Shares") in the Company were awarded to the following Directors of the Company:

The share awards were the maximum award available under the Plan. The performance targets satisfied were based on the increase in the Company's adjusted earnings per share between the financial period ended 31 March 2012 and the financial period ended 28 March 2015. The performance target was satisfied as the Company's adjusted earnings per share figure increased at more than RPI plus 2.5% over the three year period.

In order to satisfy the award of the shares the Company has issued and allotted 16,000 new ordinary shares of 25p each in the Company to Patrick Willink, and James Cropper EBT Ltd has transferred 13,000 ordinary shares of 25p each to Martin Thompson.

Application will be made to the London Stock Exchange for 16,000 new ordinary shares to be admitted to trading on AIM ("Admission"), and it is expected that Admission will become effective and trading will commence at 8.00am on 1 September 2015.

Following Admission of the Shares, the Company's enlarged issued share capital will comprise 9,184,205 ordinary shares, with voting rights.

In order to settle the income tax and national insurance liabilities on the award, Patrick Willink and Martin Thompson have each sold 50% of the ordinary shares awarded to them to James Cropper EBT Ltd, the trustees of the James Cropper Employee Trust, at a price of £5.425 per ordinary share. Patrick Willink has sold 8,000 shares, and Martin Thompson has sold 6,500 shares.

As a result of the shares awarded and sold under the LTIP Scheme, the beneficial interest and outstanding LTIP share options of Patrick Willink and Martin Thompson in the Company are:

The ordinary shares purchased by James Cropper EBT Ltd will be used to satisfy future releases under the James Cropper PLC 2008 Long Term Incentive Plan. As a result of the above transactions James Cropper EBT Ltd is now interested in 102,755 Ordinary Shares representing 1.12% of the issued share capital of the Company.

As a result of the movement in the holding of shares in James Cropper EBT Ltd the non-beneficial interest of the following non-executive directors of the Company are: