Morgan Sindall Group Regulatory News (MGNS)

 Morgan Sindall plc

 ('the Company')

Notification of Transactions by Directors

Executive Remuneration Plan 2005 (the 'Plan')

On 6 March 2007 the Company granted awards under the Plan to its executive directors in respect of ordinary shares of 5p each in the Company ('shares'). These awards took the form of performance shares or, at the election of each individual, options to subscribe for shares and were subject to performance conditions based on a growth in adjusted earnings per share over the three years ended 31 December 2009. Following completion of the performance period, the Company announces that 25% of the performance share awards have vested and none of the share options have become exercisable. That part of the awards which has not vested or become exercisable has now lapsed.

The Company therefore announces, in accordance with the Company's obligations under paragraph 3.1.4 R (1) of the Disclosure and Transparency Rules, the numbers of shares which were transferred to the individuals below on 8 March 2010. These shares comprised 25% of those performance shares awarded to the individuals on 6 March 2007 and additional shares representing the dividend equivalent to which the individuals are entitled under the Plan.

These shares were satisfied from market purchased shares held in the Morgan Sindall Employee Benefit Trust.

In addition, certain of the directors named below have disposed of a proportion of the shares vesting in order to fund the tax and national insurance contribution payable in respect of them.

The market value of a share on 5 March 2010 was 555.205p and the shares disposed were sold to the Morgan Sindall Employee Benefit Trust at that price.

Following these transactions, the interests (all of which are beneficial) of the above directors in the share capital of the Company are as follows:

Enquiries:

Mary Nettleship Tel: 020 7307 9200

Company Secretary

9 March 2010