SUR.L Regulatory News (SUR)

Lakehouse plc

3 July 2015

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

The following notification is made in accordance with Disclosure Rule 3.1.4R(1)(a) of the Disclosure Rules and Transparency Rules.

On 2 July 2015, each of the following directors and persons discharging managerial responsibilities ("PDMR") named below were granted an option to acquire the number of ordinary shares of 10 pence each in the capital of Lakehouse plc ("Company") set out opposite their name under the terms of the Lakehouse plc Sharesave Scheme ("SAYE") at a fixed option price of 81.74 pence for each ordinary share.

Each option grant was notified to the Company by each of the individuals referred to above on 2 July 2015 pursuant to Disclosure Rule 3.1.2R of the Disclosure and Transparency Rules.

Each individual referred to above has entered into a savings contract with Yorkshire Building Society under which a regular sum will be saved each month for a period of three years. The number of shares over which each option is held is the number of shares which have an aggregate option price not exceeding the projected proceeds of the savings contract. In normal circumstances, each option will not be capable of being exercised until 1 August 2018 (the maturity date of the savings contract).

In accordance with the rules of the SAYE, no consideration was paid by any of the above named individuals for the option granted to them. Each option is subject to, and governed by, the rules of the SAYE and the legislation relating to the SAYE.

Further details of the principal terms of the SAYE are set out in the Prospectus for the Company dated 18 March 2015.

Further Information

For further information please contact, Simon Howell, Company Secretary on 01708 758 914.