Director / PDMR Shareholding

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

M Rider

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:

Exercise of share options of Ordinary Shares

c)

Price(s) and volume(s):

Price(s)

Volume(s)

50p (exercise price)

5,175

d)

Aggregated price(s) and volume(s):

Price(s)

Volume(s)

N/a

N/a

e)

Date of the Transaction:

15 November 2017

f)

Place of the Transaction:

Outside a trading venue

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

M Rider

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:

Disposal of Ordinary Shares

c)

Price(s) and volume(s):

Price(s)

Volume(s)

£12.53

5,175

d)

Aggregated price(s) and volume(s):

Price(s)

Volume(s)

N/a

N/a

e)

Date of the Transaction:

16 November 2017

f)

Place of the Transaction:

NEX

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

GHA Barnes

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:

Exercise of share options of Ordinary Shares

c)

Price(s) and volume(s):

Price(s)

Price(s)

50p (exercise price)

4,256

d)

Aggregated price(s) and volume(s):

Price(s)

Volume(s)

N/a

N/a

e)

Date of the Transaction:

15 November 2017

f)

Place of the Transaction:

Outside a trading venue

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

GHA Barnes

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 Ordinary Shares to Mrs A I Barnes (wife of Mr GHA Barnes)

c)

Price(s) and volume(s):

Price(s)

Price(s)

Nil

4,256

d)

Aggregated price(s) and volume(s):

Price(s)

Volume(s)

N/a

N/a

e)

Date of the Transaction:

15 November 2017

f)

Place of the Transaction:

Outside a trading venue

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

K Griffin

2

Reason for the notification

a)

Position/Status:

PDMR

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:

Exercise of share options of Ordinary Shares

c)

Price(s) and volume(s):

Price(s)

Volume(s)

50p

3,600

d)

Aggregated price(s) and volume(s):

Price(s)

Volume(s)

N/a

N/a

e)

Date of the Transaction:

15 November 2017

f)

Place of the Transaction:

Outside a trading venue

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

R Duncan

2

Reason for the notification

a)

Position/Status:

PDMR

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:

Disposal of Ordinary Shares

c)

Price(s) and volume(s):

Price(s)

Volume(s)

£12.50

981

d)

Aggregated price(s) and volume(s):

Price(s)

Volume(s)

N/a

N/a

e)

Date of the Transaction:

13 November 2017

f)

Place of the Transaction:

NEX

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

A Pinnock

2

Reason for the notification

a)

Position/Status:

PDMR

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:

Exercise of share options of Ordinary Shares

c)

Price(s) and volume(s):

Price(s)

Volume(s)

50p

1,198

d)

Aggregated price(s) and volume(s):

Price(s)

Volume(s)

N/a

N/a

e)

Date of the Transaction:

15 November 2017

f)

Place of the Transaction:

Outside a trading venue

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

A Pinnock

2

Reason for the notification

a)

Position/Status:

PDMR

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:

Disposal of Ordinary Shares

c)

Price(s) and volume(s):

Price(s)

Volume(s)

£12.53

1,198

d)

Aggregated price(s) and volume(s):

Price(s)

Volume(s)

N/a

N/a

e)

Date of the Transaction:

16 November 2017

f)

Place of the Transaction:

NEX

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

JB 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:

Disposal of Ordinary Shares

c)

Price(s) and volume(s):

Price(s)

Volume(s)

£12.53

900

d)

Aggregated price(s) and volume(s):

Price(s)

Volume(s)

N/a

N/a

e)

Date of the Transaction:

16 November 2017

f)

Place of the Transaction:

NEX

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

LM Neame

2

Reason for the notification

a)

Position/Status:

Connected to Director (JB Neame)

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:

Disposal of Ordinary Shares

c)

Price(s) and volume(s):

Price(s)

Volume(s)

£12.53

900

d)

Aggregated price(s) and volume(s):

Price(s)

Volume(s)

N/a

N/a

e)

Date of the Transaction:

16 November 2017

f)

Place of the Transaction:

NEX