1. Name of the issuer 

Cosalt plc 

2. State whether the notification relates to (i) a transaction notified in accordance with DR 3.1.4R(1)(a); or (ii) DR 3.1.4(R)(1)(b) a disclosure made in accordance with section 324 (as extended by section 328) of the Companies Act 1985; or (iii) both (i) and (ii)

In respect of (iii)

3. Name of person discharging managerial responsibilities/director 

Mr M Reynolds

4. State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person

5. Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest 

In respect of 3 above 

6. Description of shares (including class), debentures or derivatives or financial instruments relating to shares 

 New Ordinary of 25p shares - CSLR

7. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them 

8 State the nature of the transaction 

Award of Nil Cost Options under Long term Incentive Plan 

9. Number of shares, debentures or financial instruments relating to shares acquired 

M Reynolds 91,768 Shares

10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage) 

11. Number of shares, debentures or financial instruments relating to shares disposed 

-

12. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage) 

-

13. Price per share or value of transaction 

Number of Shares Awarded based on 246p

14. Date and place of transaction 

15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage) 

16. Date issuer informed of transaction 

13 August 2008

If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes 

17 Date of grant 

13 August 2008

18. Period during which or date on which it can be exercised 

-

Shall become Vested Award Shares on the third anniversary of the award subject to achievement of performance criteria

19. Total amount paid (if any) for grant of the option 

-

20. Description of shares or debentures involved (class and number) 

Ordinary Shares of 25p

21. Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise 

-

22. Total number of shares or debentures over which options held following notification 

91,768

23. Any additional information 

-

24. Name of contact and telephone number for queries 

A J Robson 01472 504504

Name and signature of duly authorised officer of issuer responsible for making notification.

A. J Robson

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