Mulberry Group Regulatory News (MUL)

Mulberry Group plc

Grants under Deferred Bonus Plan, Issue of new Ordinary Shares and Transfer of Shares

Grants under Deferred Bonus Plan and Issue of new Ordinary Shares

On 1 July 2012 Mulberry Group plc ("Mulberry" or "the Company") granted awards of deferred ordinary shares of 5 pence each in the Company ("Ordinary Shares") under Mulberry's Deferred Bonus Plan at a price of 1,475.5 pence per Ordinary Share. These grants relate to bonus payments awarded to the Executive Directors and other key employees in respect of the Company's performance for the financial year ended 31 March 2012. The deferred Ordinary Shares, which are held within the Mulberry Group plc Employee Benefit Trust ("the Trust"), will vest on 1 July 2014.

The total number of Ordinary Shares subject to these grants is as follows:

In addition to the grant of deferred Ordinary Shares under the deferred Bonus Plan, a matching number of nil cost options have been awarded. The options in this grant will vest on 1 July 2014 and are exercisable between 1 July 2014 and 1 July 2022.

In order to ensure that the Trust has sufficient shares to cover the awards of deferred Ordinary Shares, the Company has approved the issue of 20,000 new Ordinary Shares to the Trust.

Application has been made to the London Stock Exchange for the new Ordinary Shares to be admitted to AIM and it is expected that admission will take place on 12 July 2012.

Transfer of shares

Following vesting of earlier deferred interests under Mulberry's Deferred Bonus Plan, a number of Ordinary Shares have been transferred from the Trust to certain Directors as follows:

Following these transactions;

Roger Mather's beneficial interest in the Company consists of 32,166 Ordinary Shares representing 0.05% of the Company's issued Ordinary Shares. Roger Mather also holds rights over 250,000 Ordinary Shares under Mulberry's Co-Ownership Plan, 10,449 unvested deferred Ordinary Shares, 10,449 unvested matching nil cost options and 19,768 vested nil cost options all under the Company's Deferred Bonus Plan.

Godfrey Davis' beneficial interest in the Company consists of 713,490 Ordinary Shares representing 1.20% of the Company's issued Ordinary Shares. Godfrey Davis also holds rights over 300,000 Ordinary Shares under Mulberry's Co-Ownership Plan, 5,037 unvested deferred Ordinary Shares, 5,037 unvested matching nil cost options, 24,330 vested nil cost options all under the Company's Deferred Bonus Plan and 90,000 options under the Company's 2008 Unapproved Share Option Scheme.

Total Voting Rights

The issued share capital of the Company following admission of the new Ordinary Shares will be 59,655,175 Ordinary Shares with a nominal value of 5 pence each. No Ordinary Shares are held in treasury. Therefore, the total number of voting rights in Mulberry is 59,655,175.

The figure of 59,655,175 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FSA's Disclosure and Transparency Rules.

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