Marshalls Regulatory News (MSLH)

LR 12.6.4R: TRANSFERS OF SHARES OUT OF TREASURY FOR EMPLOYEE SHARE SCHEME

In accordance with paragraph 12.6.4R of the Listing Rules, Marshalls plc (the "Company") advises that it has made the following transfers of ordinary shares out of treasury:

Vesting of 2011 LTIP Awards

985,905 ordinary shares of 25 pence each in the Company were transferred out of treasury to satisfy awards to participants in the Marshalls plc Long Term Incentive Plan ("LTIP") vesting and having been exercised on 26 March 2014.

In accordance with the rules of the LTIP, no consideration is payable by participants on the transfer to them of shares on exercise of their LTIP awards.

Transfer of Treasury Shares to EBT

1,439,095 ordinary shares of 25 pence each in the Company were transferred out of treasury to the Marshalls plc Employee Benefit Trust (the "EBT") to be held for the purposes of satisfying employee share awards in future.

The purchase of treasury shares by the EBT was an "off market" transaction in which the value ascribed to the shares was determined as 182.94 pence per ordinary share, being the mid-market closing price of Marshalls 25 pence ordinary shares on 26 March 2014.

The treasury shares were acquired by the Company over a period between 10 September 2007 and 22 November 2007 at an average purchase price of 286 pence per share. At the time of acquisition, the Company indicated they may be used in satisfaction of awards under employee share schemes.

Following the above transfers of shares out of treasury, the Company no longer holds any shares as treasury shares.

The total number of shares in issue is 199,378,755.

Enquiries: C E Baxandall, Group Company Secretary, Marshalls plc, tel: 01422 314777