TTR.L Regulatory News (TTR)

32Red Plc

("32Red" or "the Company")

Director's Dealing

12 December 2013

The Company has been informed that Executive Director Mr Matthew Booth acquired 75,000 ordinary shares in the Company at 67.5pence per share on 12th December 2013.

In addition, on 12th December 2013 the Company granted a share option over 75,000 ordinary shares to Mr Booth under an option agreement at an exercise price of 0.02p per ordinary share, being their nominal value. The options will vest on 12th December 2016 provided Mr Booth remains in continuous employment with the Company up to that date and does not sell, transfer or otherwise dispose in the meantime of the 75,000 ordinary shares acquired by him at 67.5p pence on 12th December 2013. The options will lapse on 12th December 2023.

On 12th December 2013, the Company granted a nil cost award of 250,000 ordinary shares to Mr Booth under the Company's Long Term Incentive Plan (LTIP). These shares will vest on the third anniversary of grant, provided certain performance criteria are met. The key performance criteria for shares awarded under the LTIP scheme to vest is the Company's Earnings Per Share (EPS). EPS targets based on a 10% increase per annum in the EPS before exceptional items, have been set for the next three years and these targets must be met in each year in order that the full award vests. Any failure to meet a target in any one year will result in one third of the award lapsing.

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