Director/PDMR Shareholding

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Craig Donaldson

2

Reason for the notification

a)

Position/status

Executive Director (PDMR)

b)

Initial notification /Amendment

Initial Notification

3

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

a)

Name

Metro Bank plc

b)

LEI

213800X5WU57YL9GPK89

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

Ordinary shares of £0.000001 pence each

GB00BZ6STL67

b)

Nature of the transaction

Grant of Share Options -As detailed in the Company's 2017 Annual Report published on 2 March 2018, a grant of 60,000 options under the 2017 Deferred Variable Reward Plan and a grant of 20,000 Bonus Exchange Options pursuant to the Company's Bonus Exchange scheme under the 2017 Deferred Variable Reward Plan, each with an option price of £35.36. The decision to award share options was taken outside of the current close period.

c)

Price(s) and volume(s)

d)

Aggregated information

- Aggregated volume

- Price

80,000

£2,828,800

e)

Date of the transaction

2018-03-29

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Mike Brierley

2

Reason for the notification

a)

Position/status

Executive Director (PDMR)

b)

Initial notification /Amendment

Initial Notification

3

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

a)

Name

Metro Bank plc

b)

LEI

213800X5WU57YL9GPK89

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

Ordinary shares of £0.000001 pence each

GB00BZ6STL67

b)

Nature of the transaction

Grant of Share Options - As detailed in the Company's 2017 Annual Report published on 2 March 2018, a grant of 30,000 options under the 2017 Deferred Variable Reward Plan and a grant of 10,000 Bonus Exchange Options pursuant to the Company's Bonus Exchange scheme under the 2017 Deferred Variable Reward Plan, each with an option price of £35.36 The decision to award share options was taken outside of the current close period.

c)

Price(s) and volume(s)

d)

Aggregated information

- Aggregated volume

- Price

40,000

£1,414,400

e)

Date of the transaction

2018-03-29

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

David Arden

2

Reason for the notification

a)

Position/status

Executive Director (PDMR)

b)

Initial notification /Amendment

Initial Notification

3

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

a)

Name

Metro Bank plc

b)

LEI

213800X5WU57YL9GPK89

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

Ordinary shares of £0.000001 pence each

GB00BZ6STL67

b)

Nature of the transaction

Grant of Share Options - As announced to the market on 21 March 2018, David Arden was appointed CFO, Company Secretary and Executive Director of Metro Bank with effect from 29 March 2018. As part of a hiring agreement with Metro Bank, the full details of which will be disclosed in the 2018 Remuneration Report, David was granted 30,000 share options on 29 March 2018, each with an option price of £35.36. The decision to award share options was taken outside of the current close period

c)

Price(s) and volume(s)

d)

Aggregated information

- Aggregated volume

- Price

30,000

£1,060,800

e)

Date of the transaction

2018-03-29

f)

Place of the transaction

Outside a trading venue