Exercise of Options

4 October 2010

Murgitroyd Group PLC ("Murgitroyd" or "the Group")

Exercise of options

Murgitroyd announces that it has issued and allotted 8,216 Ordinary shares of 10 pence each at a price of 169 pence per share, and 20,000 Ordinary shares of 10 pence each at a price of 181 pence per share, (together, "the Shares"), pursuant to the exercise of options under the Group's unapproved Executive Share Option Scheme ("the Exercise of Options") by Graham J Murnane, an Executive Director of the Group. Mr Murnane's beneficial interest following the Exercise of Options is 48,000 ordinary shares representing 0.563% of the total issued share capital of the Group.

The Options were exercised on Friday 1 October 2010. An application for admission of the Shares to trading on AIM has been submitted and trading is expected to commence on 8 October 2010.

The total number of shares in issue following the Exercise of Options is 8,530,563.

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