19 March  2013

Highcroft Investments plc

("Highcroft" or "the Company")

Director/PDMR Shareholding

On 21 January 2009, the Company announced that the Financial Services Authority had issued a statement pertaining to interpretations of the disclosure requirements under the Disclosure and Transparency Rules ('DTR') for directors who grant security over their shareholdings by the creation of a security interest such as a pledge. In that announcement the Company made the following notification surrounding grants of security over shares in the Company:

" Mr Jonathan Kingerlee, a Director of the Company, has a beneficial interest in 92,096 ordinary shares in the Company, representing 1.78 per cent. of the total voting rights of the Company.  Since April 1999, these shares have been charged as security for loans taken out by Mr Kingerlee with HSBC Bank PLC (formerly Midland Bank PLC)."

"Mr David Kingerlee, a Director of the Company, has a beneficial interest in 166,250 ordinary shares in the Company, representing 3.22 per cent. of the total voting rights of the Company.  Since August 2007 39,200 of these shares, in the name of Mrs S A Kingerlee, have been charged as security for loans taken out by Mrs Kingerlee with Triodos Bank."

"Kingerlee Holdings Limited, which is a related party through the directorships of Mr David Kingerlee and Mr Jonathan Kingerlee, has a beneficial interest in 1,310,347 shares representing 25.4 per cent of the total voting rights of the Company.  Since October 2002, these shares have been charged as security for loans taken out with HSBC Bank PLC. "

The Company now announces that it has been informed that all the above charges have been released by those financial institutions as set out above.

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