Flybe Group Ltd : Director/PDMR Shareholding

Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons

1	Name of the issuer	2	State whether the notification relates to (i)    a transaction notified in        accordance with DTR3.1.2 R, (ii)   a disclosure made in accordance         with LR 9.8.6R(1) or (iii)  a disclosure made in accordance        with section 793 of the Companies Act (2006)
	FLYBE GROUP PLC		(i)
3	Name of person discharging managerial responsibilities/director	4	State whether notification relates to a person connected with a person discharging managerial responsibilities / director named in 3 and identify the connected person
	PETER SIMON SMITH (INDEPENDENT  NON-EXECUTIVE DIRECTOR)		DIRECTOR NAMED IN 3 AND THE BALCOMBE TRUST (THE DIRECTOR'S SIPP).
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 1	6	Description of shares (including class), debentures or derivatives or financial instruments relating to shares
	IN RESPECT OF PERSONS NAMED IN 3 AND 4 ABOVE.		ORDINARY 1 PENCE SHARES
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
	PETER SMITH                  21,000 THE BALCOMBE TRUST      6,000		PURCHASE
9	Number of shares, debentures or financial instruments relating to shares acquired	10	Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)
	PETER SMITH                       5,000 THE BALCOMBE TRUST        5,000		0.00665% 0.00665%
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)
	N/A		N/A
13	Price per share or value of transaction	14	Date and place of transaction
	59.00 PENCE		11 JANUARY 2012, LONDON
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
	PETER SMITH                26,000 (0.0346%) THE BALCOMBE TRUST 11,000 (0.0146%)		12 JANUARY 2012

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

17	Date of Grant	18	Period during which or date on which exercisable
	N/A		N/A
19	Total amount paid (if any) for grant of the option	20	Description of shares or debentures involved (class and number)
	N/A		N/A
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
	N/A		N/A
23	Any additional information	24	Name of contact and telephone number for queries
	N/A		Andrew Knuckey, Chief Financial Officer Chris Simpson, Company Secretary [phone] Mark Garraway, College Hill  Helen Tarbet, College Hill [phone]

Name of authorised official of issuer responsible for making notification CHRIS SIMPSON, COMPANY SECRETARY Date of notification 12 JANUARY 2012

Notes: This form is intended for use by an issuer to make a RIS notification required by DR 3.3.

(1)	An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24.
(2)	An issuer making a notification in respect of a derivative relating the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24.
(3)	An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24.
(4)	An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.