Marshalls Regulatory News (MSLH)

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

Acquisition of shares by the Marshalls Employee Benefit Trust.

Marshalls plc (the "Company") has today been notified that Marshalls EBT Limited, the trustee of the Marshalls Employee Benefit Trust, has made the following purchases for the purpose of satisfying awards under the Marshalls plc 2005 Long Term Incentive Plan (the "LTIP"):-

37,213 ordinary shares of 25 pence each in the Company at a price of 93.94 pence per share on Friday 19 March 2010; and

62,787 ordinary shares of 25 pence each in the Company at a price of 94.97 pence per share on Monday 22 March 2010.

The Directors of Marshalls EBT Limited are David Graham Holden and Ian David Burrell who are Directors of the Company and whose respective interests in the LTIP were notified under announcement reference number 5321I on 12 March 2010.

As a consequence, certain PDMR have acquired interests in Investment Shares and Matching Awards under the LTIP as follows:-

* To avoid the need for a simultaneous sale and purchase of shares certain PDMR have been permitted to roll over shares already beneficially owned into the LTIP at market value calculated in accordance with the LTIP Rules.

Under the rules of the LTIP, Directors and Senior Executives may invest their annual bonus in shares in the Company (Investment Shares) and, in return, are granted a Matching Share Award of Shares.

The above PDMR have irrevocably committed to apply a proportion of their 2009 annual bonus award towards Investment Shares to be held in the LTIP and the Company has granted each of them a Matching Share Award over a number of shares equal to twice the pre-tax equivalent of the value of the Investment Shares.

To be eligible to receive the Matching Share Award, the PDMR must leave their Investment Shares in the Trust and remain in employment for a period of three years from the date of grant of the Matching Share Award. The actual number of shares transferred to a PDMR on the vesting of the Matching Share Award will depend on the extent to which a corporate performance target (which relates to growth in the Company's earnings per share) is satisfied over the three year vesting period. No consideration will be payable on the exercise of a Matching Share Award.

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

22 March 2010