Marshalls Regulatory News (MSLH)

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS

In accordance with DTR 3.1.4(1), Marshalls plc (the "Company") was notified on 20 March 2012 of the grant of options to acquire ordinary shares of 25 pence each in the Company, in the form of Performance Share Awards, on 20 March 2012 to certain Executive Directors and other Persons Discharging Managerial Responsibility ("PDMR"), under the Marshalls plc 2005 Long Term Incentive Plan (the "LTIP").

The Directors and PDMR have been granted Performance Share Awards under the LTIP. Performance Share Awards will not vest unless stretching performance conditions measured over a three year period are satisfied, so are contingent on achievement of these targets and would not be transferred to the participant if these targets were not met. No consideration was paid for the grant of the Performance Share Award.

The Performance Share Awards granted to Directors and PDMR under the LTIP on 20 March 2012 were as follows:

The value ascribed to the Performance Shares awarded is calculated in accordance with LTIP Rules as the average of the three dealing days immediately before the date of grant (20 March 2012), i.e. 100.75 pence.

Enquiries: C E Baxandall, Group Company Secretary, Marshalls plc, 01484 438900