Chesnara Regulatory News (CSN)

1.

Name of the issuer

CHESNARA PLC

2.

State whether the notification relates to (i) a transaction notified in accordance with DTR 3.1.2 R, (ii) a disclosure made in

accordance with section 793 of the Companies Act 2006, or (iii) in accordance with paragraph 26 of the Model Code

(i)

3.

Name of person discharging managerial responsibilities/director

GRAHAM KETTLEBOROUGH

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 non-beneficial interest

N/A

6.

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

N/A

7.

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

N/A

8.

State the nature of the transaction

N/A

9.

Number of shares, debentures or financial instruments relating to shares acquired

N/A

10.

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

N/A

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

N/A

14.

Date and place of transaction

N/A

15.

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

calculating percentage)

N/A

16.

Date issuer informed of transaction

N/A

17.

Date of grant

20 MAY 2014

18.

Period during which or date on which exercisable

SUBJECT TO THE ACHIEVEMENT OF THE PERFORMANCE TARGET, THE OPTION WILL BECOME EXERCISABLE ON 20 MAY 2017 AND REMAIN EXERCISABLE UP TO AND INCLUDING 19 MAY 2024 IF NOT EXERCISED BEFORE THAT DATE.

19.

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

NIL

20.

Description of shares or debentures involved (class and number)

78,390 ORDINARY SHARES OF 5P 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

 83,580 ORDINARY SHARES OF 5P EACH

23.

Any additional information

GRANTED UNDER THE CHESNARA 2014 LONG-TERM INCENTIVE SCHEME. THE OPTION IS SUBJECT TO A PERFORMANCE TARGET WHICH IS BASED 50% ON TSR, 50% ON EMBEDDED VALUE OF THE COMPANY OVER A PERIOD OF 3 FINANCIAL YEARS.

24.

Name of contact and telephone number for queries

GRAHAM KETTLEBOROUGH

+44(0)1772 840001

1.

Name of the issuer

CHESNARA PLC

2.

State whether the notification relates to (i) a transaction notified in accordance with DTR 3.1.2 R, (ii) a disclosure made in

accordance with section 793 of the Companies Act 2006, or (iii) in accordance with paragraph 26 of the Model Code

(i)

3.

Name of person discharging managerial responsibilities/director

FRANK HUGHES

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 non-beneficial interest

N/A

6.

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

N/A

7.

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

N/A

8.

State the nature of the transaction

N/A

9.

Number of shares, debentures or financial instruments relating to shares acquired

N/A

10.

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

N/A

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

N/A

14.

Date and place of transaction

N/A

15.

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

calculating percentage)

N/A

16.

Date issuer informed of transaction

N/A

17.

Date of grant

20 MAY 2014

18.

Period during which or date on which exercisable

SUBJECT TO THE ACHIEVEMENT OF THE PERFORMANCE TARGET, THE OPTION WILL BECOME EXERCISABLE ON 20 MAY 2017 AND REMAIN EXERCISABLE UP TO AND INCLUDING 19 MAY 2024 IF NOT EXERCISED BEFORE THAT DATE.

19.

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

NIL

20.

Description of shares or debentures involved (class and number)

48,443 ORDINARY SHARES OF 5P 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

53,633 ORDINARY SHARES OF 5P EACH

23.

Any additional information

GRANTED UNDER THE CHESNARA 2014 LONG-TERM INCENTIVE SCHEME. THE OPTION IS SUBJECT TO A PERFORMANCE TARGET WHICH IS BASED 50% ON TSR, 50% ON EMBEDDED VALUE OF THE COMPANY OVER A PERIOD OF 3 FINANCIAL YEARS.

24.

Name of contact and telephone number for queries

GRAHAM KETTLEBOROUGH

+44(0)1772 840001

1.

Name of the issuer

CHESNARA PLC

2.

State whether the notification relates to (i) a transaction notified in accordance with DTR 3.1.2 R, (ii) a disclosure made in

accordance with section 793 of the Companies Act 2006, or (iii) in accordance with paragraph 26 of the Model Code

(i)

3.

Name of person discharging managerial responsibilities/director

DAVID RIMMINGTON

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 non-beneficial interest

N/A

6.

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

N/A

7.

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

N/A

8.

State the nature of the transaction

N/A

9.

Number of shares, debentures or financial instruments relating to shares acquired

N/A

10.

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

N/A

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

N/A

14.

Date and place of transaction

N/A

15.

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

calculating percentage)

N/A

16.

Date issuer informed of transaction

N/A

17.

Date of grant

20 MAY 2014

18.

Period during which or date on which exercisable

SUBJECT TO THE ACHIEVEMENT OF THE PERFORMANCE TARGET, THE OPTION WILL BECOME EXERCISABLE ON 20 MAY 2017 AND REMAIN EXERCISABLE UP TO AND INCLUDING 19 MAY 2024 IF NOT EXERCISED BEFORE THAT DATE.

19.

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

NIL

20.

Description of shares or debentures involved (class and number)

 41,800 ORDINARY SHARES OF 5P 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

46,990 ORDINARY SHARES OF 5P EACH

23.

Any additional information

GRANTED UNDER THE CHESNARA 2014 LONG-TERM INCENTIVE SCHEME. THE OPTION IS SUBJECT TO A PERFORMANCE TARGET WHICH IS BASED 50% ON TSR, 50% ON EMBEDDED VALUE OF THE COMPANY OVER A PERIOD OF 3 FINANCIAL YEARS.

24.

Name of contact and telephone number for queries

GRAHAM KETTLEBOROUGH

+44(0)1772 840001

Name of authorised officer of issuer responsible for making notification

Date of notification