Shearwater Regulatory News (SWG)

1.

Name of the issuer

Scott Wilson Group plc

2.

State whether the notification relates to (i) a

transaction notified in accordance with DTR 3.1.2 R, 

(ii) a disclosure made in accordance 

LR 9.8.6R(1) or

(iii) a disclosure made in accordance with section 793 of the Companies Act (2006).

This relates to (i)

3.

Name of person discharging managerial

responsibilities/director

Sean Cummins

4.

State whether notification relates to a person

connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person

Not applicable 

5.

Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a nonbeneficial

interest 1

Not applicable

6.

Description of shares (including class), debentures or derivatives or financial instruments relating to shares

Not applicable

7.

Name of registered shareholders(s) and, if more than one, the number of shares held by each of them

Not applicable 

8.

State the nature of the transaction

Not applicable 

9.

Number of shares, debentures or financial

instruments relating to shares acquired

Not applicable 

10.

Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)

Not applicable 

11.

Number of shares, debentures or financial

instruments relating to shares disposed

Not applicable 

12.

Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)

 Not applicable 

13.

Price per share or value of transaction

Not applicable 

14.

Date and place of transaction

Not applicable 

15.

Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)

Not applicable 

16.

Date issuer informed of transaction

Not applicable 

17.

Date of grant

Award of performance shares under the Long Term Incentive Plan on 11th August 2009

18.

Period during which or date on which exercisable

11th August 2012 to 11th August 2019 (subject to satisfaction of performance conditions)

19.

Total amount paid (if any) for grant of the option

Nil

20.

Description of shares or debentures involved (class and number)

315,720 ordinary shares of 10 pence each 

21.

Exercise price (if fixed at time of grant) or

indication that price is to be fixed at the time of exercise

10 pence per share

22.

Total number of shares or debentures over which options held following notification

This award  315,720

Prior year awards 173,564

Total awards to date  489,284

23.

Any additional information

24.

Name of contact and telephone number for queries

Geoffrey Redwood

Company Secretary

01256 310225

Name of authorised official of issuer responsible for making notification: Geoffrey Redwood

Date of notification:  13th August 2009

(1)

An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24.

(2)

An issuer making a notification in respect of a derivative relating the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24.

(3)

An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24.

(4)

An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.