5 Aug 2008 14:10
Morgan Sindall plc
("the Company")
Notification of Transactions by Directors
Morgan Sindall plc Long Term Incentive Plan ("LTIP")
The Company announces the numbers set out below, of ordinary shares of 5p each in the capital of the Company ("shares") that vested on 4 August 2008 in certain directors of the Company pursuant to the terms of the LTIP. These shares were conditionally allocated to the directors on 30 June 2006.
These shares were satisfied from market purchase shares held in the Morgan Sindall Employee Benefit Trust.
In addition, Paul Whitmore has disposed of a proportion of the shares vesting in order to fund the tax and national insurance contribution payable in respect of them.
| Name of Director | Number of shares vesting on 4 August 2008 | Number of shares disposed |
| John Morgan | 40,850 | 0 |
| Paul Whitmore | 35,896 | 14,718 |
The price used for calculating vesting and disposal was £5.695, being the closing mid market price on 4 August.
Following these transactions, the individuals have notified their interests (all of which are beneficial) in the share capital of the Company in accordance with Disclosure Rule 3.1.4R (1) (a) and section 793 of the Companies Act 2006 as follows:
| Name of Director | Beneficial interest in shares | % issued share capital of the Company | Total number of shares over which options are held | Total number of conditional share awards held |
| John Morgan | 4,497,508 | 10.46% | 405,912 | 0 |
| Paul Whitmore | 51,257 | 0.12% | 0 | 45,350 |
Enquiries:
Clare Sheridan Tel: 020 7307 9221
Deputy Company Secretary
5 August 2008
Morgan Sindall Group (MGNS)