LWB.L Regulatory News (LWB)

LOW & BONAR PLC (the "Company")

This notification is made in accordance with DTR 3.1.4(1)(a).

Restricted share awards (each an "Award") were granted over ordinary shares in the Company, under the terms of the Low & Bonar Long Term Incentive Plan, to directors of the Company on 16 March 2012:

No consideration was paid for the grant of any Award.

Each Award will normally vest on the third anniversary of grant subject to the continued employment of the participant and the satisfaction of performance conditions set by the Remuneration Committee of the Company. To the extent that the Award vests, the participant may call for shares during a period of three months from the date of vesting (or such longer period as the Remuneration Committee of the Company may allow).

In addition to the Awards referred to above, under the terms of the Company's Save As You Earn Scheme, Mr. Good also holds options over 26,463 ordinary shares and Mr. Holt also holds options over 36,039 ordinary shares.

The Company was informed of the above transactions on 16 March 2012.

For further information, please contact:

Low & Bonar PLC

Matthew Joy, Company Secretary 020 7535 3180