DIRECTOR / PDMR SHAREHOLDING

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

Mr J B Neame

2

Reason for the notification

a)

Position/Status:

Director

b)

Initial Notification/Amendment:

Initial Notification

3

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

a)

Name:

Shepherd Neame Limited

b)

LEI:

2138005EBUHGVOACDX31

4.

Details of 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:

Identification code:

Ordinary shares of 50p each (“Ordinary Shares”)

ISIN GB00BMQX2R72

b)

Nature of the transaction:

Transfer of shares pursuant to trust deed

This takes Mr J B Neame’s legal and non-beneficial holding, for which he has voting control, to 461,706 Ordinary Shares

c)

Price(s) and volume(s):

Price(s)

Volume(s)

NIL

9,000

d)

Aggregated price(s) and volume(s):

Price(s)

Volume(s)

N/a

N/a

e)

Date of the Transaction:

28^th May 2020

f)

Place of the Transaction:

Outside a trading venue