FOR IMMEDIATE RELEASE Director/PDMR Shareholdings BAA plc ("BAA") - Corrective Statement - Notification of changes in directors'
and senior executives' interests in shares reportable under FSA Disclosure Rule
3.1.2BAA hereby gives notice that it has been informed in the period since 26 June
2006, being the date that the recommended final offer by Airport Development
and Investment Limited for BAA's entire issued and to be issued ordinary share
capital (the "Offer") was declared unconditional in all respects, of the
transactions in the ordinary shares of BAA set out in the Schedule.
BAA notes that (i) the transactions set out in the Schedule occurred as a
result of the Offer; (ii) certain of the transactions set out in the Schedule
relate to acceptances of the Offer by the then directors of BAA under the terms
of certain irrevocable undertakings entered into by them in relation to the
Offer; and (iii) all transactions were carried out either as required by or
otherwise in accordance with the rules of the relevant share option and other
schemes mentioned in the Schedule.
BAA notes further that the listing of BAA's ordinary shares on the Official
List of the UK Listing Authority and their admission to trading on the London
Stock Exchange's market for listed equity securities were each cancelled with
effect from 8.00 a.m. 15 August 2006, in accordance with the timetable
previously announced.
21 August 2006 END Schedule A. BAA Performance Share Plan (the "PSP") On the dates shown below, shares awarded to certain individuals under the PSP
were assented to the Offer at a price of 935 pence per share. These shares
comprise: Name Current Position Shares Date Shares Date
Stephen Nelson Director 7,792 27/6/06 11,211 10/8/06
Antony Douglas Director 13,131 27/6/06 8,895 10/7/06
Margaret Ewing Director 21,995 27/6/06 31,651 10/8/06
Peter Blausten Senior Executive 10,889 27/6/06 15,669 10/8/06
Donal Dowds Senior Executive 9,895 27/6/06 14,238 10/8/06
Duncan Garrood Senior Executive 18,930 27/6/06 27,239 10/8/06
Paul Griffiths Senior Executive 13,853 27/6/06 19,933 10/8/06
Colin Hargrave Senior Executive 9,848 27/6/06 14,171 10/7/06
Ian Hargreaves Senior Executive 10,392 27/6/06 14,953 10/8/06
Andrew Jurenko Senior Executive 11,387 27/6/06 16,384 10/8/06
Terry Morgan Senior Executive 9,333 27/6/06 13,430 10/8/06
Mark Riches Senior Executive 9,843 27/6/06 14,164 10/7/06
Rachel Rowson Senior Executive 6,884 27/6/06 9,906 10/7/06
Richard Rundle Senior Executive 13,848 27/6/06 19,926 10/7/06
John Temple Senior Executive 10,955 27/6/06 15,763 10/7/06
Mike Toms Senior Executive 13,947 27/6/06 20,070 10/8/06
Tony Ward Senior Executive 16,977 27/6/06 24,429 10/7/06B. BAA Deferred Annual Bonus Plan 2000 (the "DAB 2000 Plan") On the dates shown below, shares awarded to certain individuals under the DAB
2000 Plan were assented to the Offer at a price of 935 pence per share. These
shares comprise: Name Current Position Shares Date Shares Date
Antony Douglas Director 5,666 27/6/06 8,151 10/7/06
Margaret Ewing Director 15,071 27/6/06 21,686 10/8/06
Peter Blausten Senior Executive 884 27/6/06 1,272 10/8/06
Paul Griffiths Senior Executive 524 27/6/06 753 10/8/06
Colin Hargrave Senior Executive 5,111 27/6/06 7,353 10/8/06
Ian Hargreaves Senior Executive 3,534 27/6/06 5,083 10/8/06
Andrew Jurenko Senior Executive 6,082 27/6/06 8,749 10/7/06
Terry Morgan Senior Executive 3,167 27/6/06 4,556 10/8/06
Mark Riches Senior Executive 4,065 27/6/06 5,847 10/7/06
Rachel Rowson Senior Executive 5,525 27/6/06 7,947 10/7/06
Richard Rundle Senior Executive 7,652 27/6/06 11,009 10/7/06
John Temple Senior Executive 5,177 27/6/06 7,448 10/7/06
Mike Toms Senior Executive 5,071 27/6/06 7,295 10/8/06
Tony Ward Senior Executive 21,607 27/6/06 31,087 10/8/06C. BAA Deferred Annual Bonus Plan 2005 (the "DAB 2005 Plan") On the dates shown below, shares awarded to certain individuals under the DAB
2005 Plan were assented to the Offer at a price of 935 pence per share. These
shares comprise: Name Current Position Shares Date Shares Date
Antony Douglas Director 605 27/6/06 869 10/7/06
Margaret Ewing Director 3,572 27/6/06 5,139 10/8/06
Paul Griffiths Senior Executive 1,025 27/6/06 1,475 10/8/06
Colin Hargrave Senior Executive 1,075 27/6/06 1,545 10/8/06
Andrew Jurenko Senior Executive 756 27/6/06 1,087 10/7/06
Terry Morgan Senior Executive 605 27/6/06 869 10/8/06
Mark Riches Senior Executive 1,163 27/6/06 1,673 10/7/06
Rachel Rowson Senior Executive 726 27/6/06 1,044 10/7/06
Richard Rundle Senior Executive 1,452 27/6/06 2,089 10/7/06
John Temple Senior Executive 302 27/6/06 434 10/7/06
Mike Toms Senior Executive 756 27/6/06 1,087 10/8/06
Tony Ward Senior Executive 2,757 27/6/06 3,966 10/8/06D. Terminal 5 Retention Bonus Plan (the "T5 Plan") On the dates shown below, shares awarded to the following individual under the
T5 Plan were assented to the Offer at a price of 935 pence per share. These
shares comprise: Name Current Position Shares Date Shares Date
Antony Douglas Director 8,600 27/6/06 12,375 10/8/06E. One-off share awards On the dates shown below, shares awarded to the following individuals under
certain one-off share awards were assented to the Offer at a price of 935 pence
per share. These shares comprise: Name Current Position Shares Date Shares Date
Stephen Nelson Director 889 27/6/06 1,278 10/8/06
Duncan Garrood Senior Executive 745 27/6/06 1,072 10/8/06F. BAA 1996 Share Option Scheme (the "ESOS") On the dates shown below, shares issued to certain individuals following an
exercise of options on the same dates under the ESOS were assented to the Offer
at a price of 935 pence per share. These shares comprise: Name Current Position Shares Date Shares Date
Antony Douglas Director 210,191 10/8/06 4,491 11/8/06
Margaret Ewing Director 101,398 10/8/06
Peter Blausten Senior Executive 69,988 10/8/06 6,060 11/8/06
Donal Dowds Senior Executive 160,541 10/8/06 2,137 11/8/06
Colin Hargrave Senior Executive 146,384 10/8/06
Ian Hargreaves Senior Executive 59,711 10/8/06 6,060 11/8/06
Andrew Jurenko Senior Executive 171,207 10/8/06 4,680 11/8/06
Terry Morgan Senior Executive 149,091 10/8/06
Mark Riches Senior Executive 99,992 10/8/06 4,680 11/8/06
Rachel Rowson Senior Executive 106,221 10/8/06 4,743 11/8/06
Richard Rundle Senior Executive 219,317 10/8/06 4,508 11/8/06
John Temple Senior Executive 175,267 10/8/06 4,507 11/8/06
Mike Toms Senior Executive 164,958 10/8/06 4,680 11/8/06
Tony Ward Senior Executive 287,850 10/8/06 5,110 11/8/06G. BAA 1996 Sharesave Scheme (the "Sharesave Scheme") On the dates shown below, shares issued to certain individuals following an
exercise of options under the Sharesave Scheme were assented to the Offer at a
price of 935 pence per share. These shares comprise: Name Current Position Shares Date Shares Date
Stephen Nelson Director 352 10/8/06
Antony Douglas Director 1,045 10/8/06
Margaret Ewing Director 352 10/8/06
Peter Blausten Senior Executive 2,054 10/8/06
Duncan Garrood Senior Executive 1,045 10/8/06
Paul Griffiths Senior Executive 1,045 10/8/06
Colin Hargrave Senior Executive 1,852 10/8/06
Andrew Jurenko Senior Executive 1,045 10/8/06
Terry Morgan Senior Executive 211 10/8/06 1,291 11/8/06
Mark Riches Senior Executive 1,171 10/8/06
Rachel Rowson Senior Executive 2,054 10/8/06
Richard Rundle Senior Executive 1,032 10/8/06
John Temple Senior Executive 1,045 10/8/06
Mike Toms Senior Executive 1,232 10/8/06
Tony Ward Senior Executive 352 10/8/06 H. Shares purchased under the BAA Share Incentive Plan (the "SIP") On the dates shown below, shares purchased by certain individuals and held in
trust for them by Yorkshire Building Society Trust under the SIP were assented
to the Offer at a price of 935 pence per share. These shares comprise: Name Current Position Shares Date
Antony Douglas Director 250 10/7/06
Margaret Ewing Director 768 24/7/06
Duncan Garrood Senior Executive 447 24/7/06
Paul Griffiths Senior Executive 231 24/7/06
Colin Hargrave Senior Executive 768 24/7/06
Ian Hargreaves Senior Executive 246 10/7/06
Andrew Jurenko Senior Executive 768 10/7/06
Terry Morgan Senior Executive 768 10/7/06
Richard Rundle Senior Executive 768 24/7/06
John Temple Senior Executive 768 10/7/06
Tony Ward Senior Executive 768 10/7/06 I. Shares purchased under the Deferred Annual Bonus 2000 and 2005 Plans (the "
invested shares") On the dates shown below, invested shares purchased by certain individuals and
held in trust for them by Hill Samuel Offshore Trust Company Limited under the
DAB 2000 and DAB 2005 Plans were assented to the Offer at a price of 935 pence
per share. These shares comprise: Name Current Position Shares Date Shares Date
Antony Douglas Director 5,383 10/7/06
Margaret Ewing Director 16,557 14/8/06 23,774 15/8/06
Peter Blausten Senior Executive 1,235 15/8/06
Duncan Garrood Senior Executive 1,041 15/8/06
Paul Griffiths Senior Executive 6,322 15/8/06
Colin Hargrave Senior Executive 5,858 14/8/06 7,060 15/8/06
Ian Hargreaves Senior Executive 491 14/8/06 4,416 15/8/06
Andrew Jurenko Senior Executive 12,510 10/7/06
Terry Morgan Senior Executive 7,669 15/8/06
Mark Riches Senior Executive 11,360 10/7/06
Rachel Rowson Senior Executive 9,514 10/7/06
Richard Rundle Senior Executive 18,479 10/7/06
John Temple Senior Executive 8,799 10/7/06
Mike Toms Senior Executive 11,098 15/8/06
Tony Ward Senior Executive 5,529 14/8/06 27,711 15/8/06J. Other Other than as included in A to I (inclusive) above, the following individuals
assented shares to the Offer during the Offer period at a price of 935 pence
per share. These shares comprise: Name Current Position Shares
Antony Douglas Director 9,772
Margaret Ewing Director 2,090
Donal Dowds Senior Executive 324
Terry Morgan Senior Executive 26,631
Mark Riches Senior Executive 836
Rachel Rowson Senior Executive 4,746
Richard Rundle Senior Executive 20,391
John Temple Senior Executive 9,741
Mike Toms Senior Executive 12,497
Tony Ward Senior Executive 19,940END
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