Phoenix Group Holdings Regulatory News (PHNX)

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Andy Briggs

2

Reason for the notification

a)

Position/status

Chief Executive Officer

b)

Initial notification /Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Phoenix Group Holdings plc

b)

LEI

2138001P49OLAEU33T68

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Phoenix Group Holdings plc Ordinary Shares of £0.10

GB00BGXQNP29

b)

Nature of the transaction

Grant of Buy-Out Awards under Listing Rule 9.4.2

The awards have been granted to replace the in-flight awards granted by Mr Briggs' former employer in March 2017 and May 2018. These awards have been replaced on a pro-rated basis and their vesting will be subject to the achievement of the former employer's original published performance targets.

c)

Price(s) and volume(s)

d)

Aggregated information

- Aggregated volume

- Price

275,601

0.00p

e)

Date of the transaction

2020-03-16

f)

Place of the transaction

Outside of a trading venue