Diploma Regulatory News (DPLM)

DIPLOMA PLC

12 CHARTERHOUSE SQUARE, LONDON EC1M 6AX

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FOR IMMEDIATE RELEASE

15 May 2013

DIPLOMA PLC

EXERCISE OF OPTIONS OVER VESTED LTIP AWARDS

Diploma PLC has today been notified that the following Directors have exercised in full, the options they hold over shares which had vested in previous years, in connection with share awards granted under the Diploma PLC 2004 Long Term Incentive Plan (the "2004 LTIP"). As a consequence, the Directors have become entitled to acquire ordinary shares in the Company as set out below.

These share awards comprise three individual share awards, which vested in the form of nil cost options, in respect of the three year measurement periods ended 30 September 2010, 2011 and 2012. Further details relating to the performance conditions and the vesting of these awards are set out in the Annual Report & Accounts of 2010, 2011 and 2012.

The number of shares received has been reduced as part of arrangements under which the Company will settle the PAYE liability arising as a result of the exercise of the awards. The table below shows the gross amount of the award, the PAYE adjustment on the gross amount of the shares awarded and the net number of shares transferred.

The shares have been transferred to the Directors by Ogier Employee Benefit Trustee Limited ("Ogier"), as trustee of the Diploma Employee Benefit Trust ("the Trust").

Following the above transactions, the Executive Directors disposed of shares on 14 May 2013 as follows:

*Mr BM Thompson, a Director of the Company, transferred 20,000 ordinary shares of 5p each in the Company ("Ordinary Shares") for nil consideration to a charitable foundation of which Mr Thompson is a trustee. 

Of the total of 458,261 shares sold on 14 May 2013 by the Directors, 200,000 were acquired by Ogier, on behalf of the Trust at a market price of 572p. Following these transactions, the number of ordinary shares in the Company held by the Trust was 586,887, which represents 0.52% of the issued share capital.

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