Share Announcement

Donegal Investment Group announces that on 29 November 2013 Mr. Ian Ireland, Managing Director of the Company, exercised options over 30,000 shares in the Company and subsequently sold 30,000 Ordinary Shares of nominal value €0.13 each in the Company at an average price of €6.50 per share.

Following this sale of shares, Ian Ireland is the beneficial owner of 137,032 Ordinary Shares, representing 1.36 % of the Company's current issued share capi tal. Post the exercise of these option s , Ian Ireland holds options over 30,000 shares in the Company at an exercise price of € 6.90 and which are exercisable between now and 27 May 2014 , and options over 150,000 shares in the Company at an exercise price of €4. 70 and which are exercisable between 1 October 2016 and 1 October 2020.