Treasury Shares

25 March 2011

                                FirstGroup plc                                 

                      Transfer of shares held in treasury                      

FirstGroup plc (the "Company") announces that on 25 March 2011 it transferred
to the Trustees of the FirstGroup plc Employee Benefit Trust (the "EBT")
700,000 ordinary shares of 5 pence each. The shares were all formerly held as
treasury shares. The highest price paid was 438.9 pence per share and the
lowest price paid was 424.7 pence per share, the price reflecting the original
price paid for the shares when they were formerly purchased by the Company and
transferred into treasury.

FirstGroup plc shares held by the EBT are used to satisfy awards made to
participants in the Company's Executive Annual Bonus Plan, Executive Share
Option Scheme and Long Term Incentive Plan.

The Company also announces that on 25 March 2011 it transferred to participants
in the Company's employee Save As You Earn ("SAYE") scheme 145 ordinary shares
for the early exercise of options of the SAYE 2009 scheme at a price of 310
pence per share. The shares were all formerly held as treasury shares.

Following the above transfers of shares out of treasury, the Company holds a
total of 268,887 of its ordinary shares in treasury. The total number of
ordinary shares in issue, excluding treasury shares, is 481,798,283.

The transaction took place at 395 King Street, Aberdeen AB24 5RP.