Dunelm Regulatory News (DNLM)

 DUNELM GROUP plc

NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING MANAGERIAL

RESPONSIBILITY AND CONNECTED PERSONS

 20 October 2016

LTIP awards granted to John Browett and Keith Down

Conditional awards under the Company's Long Term Incentive Plan (LTIP) have been granted on 19 October 2016 over ordinary shares of one pence each in Dunelm Group plc, in the form of a nil cost option, to the following Executive Directors:

The award is made under the terms of the 2015 Remuneration Policy approved by shareholders on 24 November 2015.

The options may be exercised on or after 19 October 2019, subject to the satisfaction of a performance condition over the three financial years commencing on 3 July 2016. On exercise, the executives have committed to retain two thirds of the shares after sale to cover their tax and national insurance liability, pursuant to the "Lifetime Lock-in" described in the 2015 Remuneration Policy. 

The award is subject to malus and claw back provisions in the case of mis-statement of performance to which a previous LTIP award relates, miscalculation of performance conditions in previous exercised options, or gross misconduct or fraud on the part of the individual.

Including the awards set out above, John Browett and Keith Down hold options over the Company's ordinary shares as follows:

In addition to the above, John Browett and Keith Down have a beneficial interest ordinary shares of one pence in the Company as follows:

Name of authorised Company official responsible for making this notification:

Dawn Durrant, Company Secretary

0116 26444439