easyJet plc ("the Company")

Director/PDMR shareholding

20 February 2015

The Company announces that on 19 February 2015, the PDMR set out below exercised his award granted on 4 January 2012 under the easyJet Long Term Incentive Plan ('LTIP') and subsequently sold and retained the number of ordinary shares of 27 and 2/7 pence set out against his name below.   

The LTIP award grant on 4 January 2012 was based on a share price of £3.928. The LTIP award vested on 4 January 2015 at 100% of the total award. This 100% vesting required easyJet's ROCE to achieve targets of up to 13%. The targets were based on three year average ROCE (excluding operating lease adjustments) performance for the years ended 30 September 2012, 30 September 2013 and 30 September 2014. The Company achieved an average ROCE of 22.0% for the three financial years ended 30 September 2014.

This notification is made pursuant to the requirements of the Disclosure and Transparency Rules 3.1.2R and 3.1.4R. The Company received notification of the transaction on 19 February 2015.

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