Director / PDMR Shareholding

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

N J Bunting

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)

4,197

d)

Aggregated price(s) and volume(s):

Price(s)

Volume(s)

N/a

N/a

e)

Date of the Transaction:

29 November 2017

f)

Place of the Transaction:

Outside a trading venue

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

N J Bunting

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 share options to Mrs Selina Bunting (wife of Mr N J Bunting)

c)

Price(s) and volume(s):

Price(s)

Volume(s)

N/a

1,997

d)

Aggregated price(s) and volume(s):

Price(s)

Volume(s)

N/a

N/a

e)

Date of the Transaction:

12 December 2017

f)

Place of the Transaction:

Outside a trading venue

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

N J Bunting

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:

Shepherd Neame purchased Shares

c)

Price(s) and volume(s):

Price(s)

Volume(s)

£11.25

2,220

d)

Aggregated price(s) and volume(s):

Price(s)

Volume(s)

N/a

N/a

e)

Date of the Transaction:

20 December 2017

f)

Place of the Transaction:

NEXX

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

G Wallis

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 (exercise price)

1,717

d)

Aggregated price(s) and volume(s):

Price(s)

Volume(s)

N/a

N/a

e)

Date of the Transaction:

29 November 2017

f)

Place of the Transaction:

Outside a trading venue

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

G Hilton

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)

Price(s)

50p (exercise price)

813

d)

Aggregated price(s) and volume(s):

Price(s)

Volume(s)

N/a

N/a

e)

Date of the Transaction:

05 December 2017

f)

Place of the Transaction:

Outside a trading venue

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

G Hilton

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)

Price(s)

£11.875

813

d)

Aggregated price(s) and volume(s):

Price(s)

Volume(s)

N/a

N/a

e)

Date of the Transaction:

05 December 2017

f)

Place of the Transaction:

NEXX

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

M Godden

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)

Price(s)

50p (exercise price)

1,540

d)

Aggregated price(s) and volume(s):

Price(s)

Volume(s)

N/a

N/a

e)

Date of the Transaction:

13 December 2017

f)

Place of the Transaction:

Outside a trading venue

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

G Flanagan

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 (exercise price)

1,065

d)

Aggregated price(s) and volume(s):

Price(s)

Volume(s)

N/a

N/a

e)

Date of the Transaction:

13 December 2017

f)

Place of the Transaction:

Outside a trading venue