Marshall Motor : Grant of Share Awards

18 April 2018

MARSHALL MOTOR HOLDINGS PLC

('MMH' or the 'Company')

Grant of awards under Marshall Motor Holdings plc Performance Share Plan

Marshall Motor Holdings plc, one of the UK's leading automotive retail and leasing groups, announces that on 17 April 2018 the following directors and persons discharging managerial responsibilities ('PDMR') were granted nil cost options under the rules of the Marshall Motor Holdings plc Performance Share Plan ('PSP') to acquire ordinary shares of 64p each in the Company ('Ordinary Shares') as follows:

Director/PDMR	Number of Ordinary Shares under option	Exercise price
Daksh Gupta	328,845	£Nil
Mark Raban	164,423	£Nil
Jamie Crowther	47,319	£Nil
Helen Burrows	35,489	£Nil
Jon Head	35,489	£Nil
Stephen Jones	35,489	£Nil

The normal vesting date of the options will be 17 April 2021, being the third anniversary of the award date. The exercise period of each option will run from the date on which each option vests to the day before the tenth anniversary of the award date.

These options are subject to the rules of the PSP and will vest dependent upon continued employment and on performance against earnings per share ('EPS') targets, as measured over a three year performance period.

Details of the full notifications received by the Company are set out below:

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Daksh Gupta
2	Reason for notification
a)	Position/status	Chief Executive Officer
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Marshall Motor Holdings plc
b)	LEI	213800BP3HZWHDWXAY78
4	Details of the 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, type of instrument Identification code	Ordinary shares of 64p each ISIN Code: GB00BVYB2Q58
b)	Nature of the transaction	Grant of nil cost options under the rules of the Marshall Motor Holdings plc Performance Share Plan
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) Volume(s) £Nil 328,845
e)	Aggregated information - Aggregated volume - Price	N/A
f)	Date of the transaction	17 April 2018
g)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mark Raban
2	Reason for notification
a)	Position/status	Chief Financial Officer
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Marshall Motor Holdings plc
b)	LEI	213800BP3HZWHDWXAY78
4	Details of the 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, type of instrument Identification code	Ordinary shares of 64p each ISIN Code: GB00BVYB2Q58
b)	Nature of the transaction	Grant of nil cost options under the rules of the Marshall Motor Holdings plc Performance Share Plan
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) Volume(s) £Nil 164,423
e)	Aggregated information - Aggregated volume - Price	N/A
f)	Date of the transaction	17 April 2018
g)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Jamie Crowther
2	Reason for notification
a)	Position/status	Operations Director
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Marshall Motor Holdings plc
b)	LEI	213800BP3HZWHDWXAY78
4	Details of the 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, type of instrument Identification code	Ordinary shares of 64p each ISIN Code: GB00BVYB2Q58
b)	Nature of the transaction	Grant of nil cost options under the rules of the Marshall Motor Holdings plc Performance Share Plan
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) Volume(s) £Nil 47,319
e)	Aggregated information - Aggregated volume - Price	N/A
f)	Date of the transaction	17 April 2018
g)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Helen Burrows
2	Reason for notification
a)	Position/status	HR Director
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Marshall Motor Holdings plc
b)	LEI	213800BP3HZWHDWXAY78
4	Details of the 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, type of instrument Identification code	Ordinary shares of 64p each ISIN Code: GB00BVYB2Q58
b)	Nature of the transaction	Grant of nil cost options under the rules of the Marshall Motor Holdings plc Performance Share Plan
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) Volume(s) £Nil 35,489
e)	Aggregated information - Aggregated volume - Price	N/A
f)	Date of the transaction	17 April 2018
g)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Jon Head
2	Reason for notification
a)	Position/status	Commercial Director
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Marshall Motor Holdings plc
b)	LEI	213800BP3HZWHDWXAY78
4	Details of the 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, type of instrument Identification code	Ordinary shares of 64p each ISIN Code: GB00BVYB2Q58
b)	Nature of the transaction	Grant of nil cost options under the rules of the Marshall Motor Holdings plc Performance Share Plan
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) Volume(s) £Nil 35,489
e)	Aggregated information - Aggregated volume - Price	N/A
f)	Date of the transaction	17 April 2018
g)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Stephen Jones
2	Reason for notification
a)	Position/status	Company Secretary
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Marshall Motor Holdings plc
b)	LEI	213800BP3HZWHDWXAY78
4	Details of the 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, type of instrument Identification code	Ordinary shares of 64p each ISIN Code: GB00BVYB2Q58
b)	Nature of the transaction	Grant of nil cost options under the rules of the Marshall Motor Holdings plc Performance Share Plan
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) Volume(s) £Nil 35,489
e)	Aggregated information - Aggregated volume - Price	N/A
f)	Date of the transaction	17 April 2018
g)	Place of the transaction	Outside a trading venue

ENDS

For further information and enquiries please contact:

Marshall Motor Holdings plc	c/o Hudson Sandler
Daksh Gupta, Chief Executive Officer	Tel: [phone]
Mark Raban, Chief Financial Officer
Investec Bank plc (Financial Adviser, NOMAD & Broker)	Tel: [phone]
Christopher Baird
David Flin
David Anderson
Hudson Sandler	Tel: [phone]
Nick Lyon
Bertie Berger

Notes to Editors

About Marshall Motor Holdings plc(www.mmhplc.com)

The Group's principal activities are the sale and repair of new and used vehicles through Marshall Motor Group. The Group's businesses have a total of 101 franchises covering 23 brands, operating from 84 locations across 26 counties in England. In addition, the Group operates five trade parts specialists, three used car centres, five standalone body shops and one pre delivery inspection centre.

In May 2017 the Group was recognised by the Great Place to Work Institute, being ranked the 22nd best place to work in the UK (large company category). This was the eighth year in succession that the Group has achieved Great Place to Work status.

Cautionary statement

This announcement contains unaudited information based on management accounts and forward-looking statements that are based on current expectations or beliefs, as well as assumptions about future events. These forward-looking statements can be identified by the fact that they do not relate only to historical or current facts and undue reliance should not be placed on any such statements because they speak only as at the date of this document and are subject to known and unknown risks and uncertainties and can be affected by other factors that could cause actual results, and the Group's plans and objectives, to differ materially from those expressed or implied in the forward-looking statements. MMH undertakes no obligation to revise or update any forward-looking statement contained within this announcement, regardless of whether those statements are affected as a result of new information, future events or otherwise, save as required by law and regulations.