Ermitage Money Mrkt - Director/PDMR Shareholding

RNS Number:0804S
Ermitage Money Market Funds Ltd
10 April 2008

SCHEDULE 11

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

All relevant boxes should be completed in block capital letters

1 Name of the Issuer 2 State whether the notification relates to:

(i) a transaction notified in accordance with
Market Abuse Rules; (ii) a disclosure made in
ERMITAGE MONEY MARKET FUNDS LIMITED accordance with section 53 (as extended by section
64 of the Companies Act 1990) or entered into the
issuer's register in accordance with section 59 of
the Companies Act 1990; or (iii) both (i) and (ii).

(i)

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

ANDREW NOEL WHELAN

ANDREW NOEL WHELAN IS A DIRECTOR OF THE MANAGER OF
THE ISSUER. THIS NOTIFICATION RELATES TO A DISPOSAL
BY BUSHIDO LIMITED, A SELF ADMINISTERED PENSION
COMPANY CONTROLLED BY ANDREW NOEL WHELAN

5 Indicate whether the notification is in 6 Description of shares (including class) debentures
respect of a holding of the person referred or derivatives or financial instruments relating to
to in 3 or 4 above or in respect of a shares
non-beneficial interest

US DOLLAR CLASS SHARES
4

7 Name of registered shareholder(s) and, if 8 State the nature of the transaction
more than one, number of shares held by each
of them

DISPOSAL

VIDACOS NOMINEES LIMITED

9 Number of shares, debentures or financial 10 Percentage of issued class acquired (treasury shares
instruments relating to shares acquired of that class should not be taken into account when
calculating percentage)

Nil
Nil

11 Number of shares, debentures or financial 12 Percentage of issued class disposed (treasury shares
instruments relating to shares disposed of that class should not be taken into account when
calculating percentage)

<1%
3,577.342840

13 Price per share or value of transaction 14 Date and place of transaction

DISPOSAL = USD15.4910592801 26 MARCH 2008. TRANSACTION PERFORMED IN LUXEMBOURG.

15 Total holding following notification and 16 Date issuer informed of transaction
total percentage holding following
notification (any treasury shares should not
be taken into account when calculating
percentage) 09 APRIL 2008

US DOLLAR CLASS = NIL

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

17 Date of grant 18 Period during which or date on which it can be
exercised

19 Total amount paid (if any) for grant of the 20 Description of shares or debentures involved (class
option and number)

21 Exercise price (if fixed at time of grant) 22 Total number of shares or debentures over which
or indication that the price is to be fixed options are held following notification
at the time of exercise

23 Any additional information 24 Name of contact and telephone number for queries

DAVID CARSWELL. 00 44 1534 615 534.

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

____________________________________________________

Date of notification 10 APRIL 2008

Notes: This form is intended for use by an issuer to make a RIS
notification required by the Market Abuse Rules and section 53 (as extended by
section 64 of the Companies Act 1990) or entered into the issuer's register in
accordance with section 59 of the Companies Act 1990.

(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 to
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
the boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.

This announcement has been issued through the Companies Announcement Service of

The Irish Stock Exchange.

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

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