St. Modwen Properties PLC

Director/PDMR Shareholding

The Company advises that on 16th October 2009 the following transactions took place: 

Anthony Glossop, Non-Executive Chairman, exercised 6,292 share options in the Company (representing approximately 0.003% of the Company's issued share capital) under the Savings Related Share Option Scheme at an exercise price of 210 pence per share. The options were granted in November 2004 and expire in April 2010. Following the exercise, Mr Glossop's resultant shareholding, including that of his wife, is 1,937,292 ordinary shares representing approximately 0.96% of the issued share capital of the Company, which includes 180,000 ordinary shares held legally but not beneficially by Mr Glossop. 

Tim Haywood, Finance Director, exercised 4,719 share options in the Company (representing approximately 0.002% of the Company's issued share capital) under the Savings Related Share Option Scheme at an exercise price of 210 pence per share. The options were granted in November 2004 and expire in April 2010. Following the exercise, Mr Haywood sold 4,719 ordinary shares at a price of 226.5 pence per share. Following these transactions, Mr Haywood's resultant shareholding is 155,324 ordinary shares representing approximately 0.08% of the issued share capital of the Company.

16 October 2009