Director/PDMR Shareholding

11 February 2016

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS - DIVIDEND REINVESTMENT

Lakehouse plc (the "Company")

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

On 11 February 2016, the Company was notified of changes to the interests of the Company's directors named below ("Directors") in the ordinary shares of 10 pence each in the Company ("Ordinary Shares") as a result of their participation in the Company's Share Incentive Plan ("SIP").

Acquisition of Ordinary Shares

Under the terms of the SIP, the Directors acquired the share interests listed below following the reinvestment of the Company's 2015 final dividend payment to purchase Ordinary Shares at a price of 38.96p on 10 February 2016 in London.

Price at which Ordinary

Shares were acquired under Number of Ordinary Shares

Director the SIP (pence) acquired under the SIP

Stuart Black 38.96p 9

Sean Birrane 38.96p 9

Michael McMahon 38.96p 9

Jeremy Simpson 38.96p 9

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