Directors' Shareholdings 

Cavanagh Group plc (the 'Company') was notified on 11 January 2010 that on that day, Mr Kenneth Timmins, a Director of the Company, transferred 1,275 ordinary shares of 1p each in the Company ('Ordinary Shares') at a price of 54 pence per share to a SIPP belonging to Mr Timmins. 

As a result of this transaction Mr Timmins remains interested in 27,775 Ordinary Shares representing 0.2% of the issued share capital of the Company. 

The Company was also notified on 8 January 2010 that on 7 January 2010, Mr Charles Gillespie, a Director of the Company, transferred 4,103 Ordinary Shares at a price of 54 pence per share to a SIPP belonging to Mr Gillespie. 

As a result of this transaction Mr Gillespie remains interested in 286,690 Ordinary Shares representing 2.5% of the issued share capital of the Company. 

Enquires to: 

Cavanagh Group plc                                       Tel: 01444 475 400 

Andrew Fay, Chief Executive Officer 

Brewin Dolphin Investment Banking                Tel: 0845 270 8610 

Andrew Emmott