Director / PDMR Shareholding

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)

£11.00p

900

d)

Aggregated price(s) and volume(s):

Price(s)

Volume(s)

N/a

N/a

e)

Date of the Transaction:

19 November 2018

f)

Place of the Transaction:

NEXX

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)

£11.00p

1000

d)

Aggregated price(s) and volume(s):

Price(s)

Volume(s)

N/a

N/a

e)

Date of the Transaction:

19 November 2018

f)

Place of the Transaction:

NEXX

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

M Prior

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)

£10.67p

942

d)

Aggregated price(s) and volume(s):

Price(s)

Volume(s)

N/a

N/a

e)

Date of the Transaction:

12 November 2018

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)

Volume(s)

£10.70p

966

d)

Aggregated price(s) and volume(s):

Price(s)

Volume(s)

N/a

N/a

e)

Date of the Transaction:

06 November 2018

f)

Place of the Transaction:

Outside a trading venue

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

G Endacott

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)

1,385

d)

Aggregated price(s) and volume(s):

Price(s)

Volume(s)

N/a

N/a

e)

Date of the Transaction:

12 November 2018

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:

Exercise of share options of Ordinary Shares

c)

Price(s) and volume(s):

Price(s)

Volume(s)

50p (exercise price)

2,000

d)

Aggregated price(s) and volume(s):

Price(s)

Volume(s)

N/a

N/a

e)

Date of the Transaction:

06 November 2018

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)

Volume(s)

Nil

2000

d)

Aggregated price(s) and volume(s):

Price(s)

Volume(s)

N/a

N/a

e)

Date of the Transaction:

06 November 2018

f)

Place of the Transaction:

Outside a trading venue