Director/PDMR Shareholding-Replacement

    RNS Number : 6753G
  Conister Financial Group plc
  24 October 2008
   
    The following announcement replaces the announcement made with RNS Number 0469G at 16.38 on 16 October 2008.   In that announcement the
purchase of 50,000 shares on 14 October 2008 at 40p on behalf of Arron Banks was purchased by "Southern Rock Insurance Company Limited"
rather than "Rene Nominees Ltd".


    FOR IMMEDIATE RELEASE                            24 October 2008


    Conister Financial Group plc (the 'Company')

    Director's Share Dealing


    The Company was informed on 15th October 2008 that Southern Rock Insurance Company Limited on trust for Mr Arron F A Banks, Chief
Executive Officer and Director of the Company purchased 50,000 Ordinary Shares of 25p each at 40p per share on 14th October 2008. A further
100,000 shares were bought by Mr Banks on 16th October 2008 at a price of 45p per share through Rene Nominees (I.O.M) Ltd. As a result his
total holding with Rene Nominees is 125,000 shares.

    In addition Mr Jim Mellon, Chairman and Director of the Company purchased 50,000 Ordinary Shares of 25p each in the Company in his own
name at 40p per share on 14th October 2008 and a further 20,000 Ordinary Shares of 25p each in the Company in his own name at 46.78p per
share on 15th October 2008.

    Mr Arron F A Banks is also beneficially interested in 51 per cent of the issued share capital of Rock Holdings Limited.  The total
Ordinary Shares held by STM Fidecs Nominees Limited on trust for Rock Holdings Limited is 7,278,645 representing 11.48% of the issued
ordinary share capital of the Company.  

    In addition Mr Arron F A Banks is beneficially interested in 37.5 per cent. of the issued share capital of Southern Rock Insurance
Company Limited.  STM Fidecs Nominees Limited holds on trust for Southern Rock Insurance Company Limited 661,000 Ordinary Shares
representing 1.04% of the issued ordinary share capital of the Company.

    The total Ordinary Shares in which Mr Arron F A Banks has a beneficial interest in is 8,064,645 representing 12.72% of the issued
ordinary share capital of the Company.

    Mr Jim Mellon is also the beneficial owner of Burnbrae Limited which holds 12,000,000 Ordinary Shares representing 18.9% of the issued
ordinary share capital of the Company.

    The total Ordinary Shares in which Mr Jim Mellon has a beneficial interest in is 12,070,000 representing 19% of the issued ordinary
share capital of the Company.   



 For further information, please contact:      
 Conister Financial Group plc                  
 Mr Arron F A Banks / Mr Chris Johnstone       
 Tel [phone]                              
                                               
 Beaumont Cornish Limited                      
 Mr Roland Cornish                             
 Tel [phone]                      
                                               


This information is provided by RNS
The company news service from the London Stock Exchange
 
  END 
 
RDSPUGRAUUPRGCC