Director/PDMR Shareholding

1.

Details of the person discharging managerial responsibilities / person closely associated

a.

Name

Anne Flower

2.

Reason for the notification

a.

Position/status

PCA of Martin Flower (Non-Executive Chairman)

b.

Initial notification

/Amendment

Initial notification

3.

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

a.

Name

Low & Bonar PLC

b.

LEI

213800CALFKOEL7N7P1O

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 5 pence shares

GB0005363014

b.

Nature of the transaction

Share Purchase

c.

Price(s) and volume(s)

d.

Aggregated information

· Aggregated volume

· Price

n/a (single transaction)

e.

Date of the transaction

2018/02/02

f.

Place of the transaction

London Stock Exchange, Main Market (XLON)