22 December 2021

The City Pub Group plc

("The City Pub Group" or the "Company")

Grant of Options and Director / PDMR Shareholdings

The City Pub Group plc announces that on 21 December 2021 the Company granted awards (in the form of nominal cost options) over 400,000 ordinary shares of 1p each ("Ordinary Shares") to Holly Elliott, Chief Financial Officer (the "Options").

The Options have been granted under the Company's Long Term Incentive Plan, are exercisable in 2024 following release of the Company's audited accounts for the year ended 31 December 2023, are subject to performance conditions relating to the Company's EBITDA profitability (pre-IFRS 16) and have a 10-year term.

Concurrent to the grant of the Options, a former Director of the Company has relinquished their interest, for no consideration, in 400,000 Ordinary Shares under the Company's Long Term Incentive Plan. There remain options over a total of 7,960,000 Ordinary Shares in the Company, representing 7.5 per cent. of the Company's current issued share capital. In addition, there are 675,000 Ordinary Shares held in the Company's employee benefit trust ("EBT") that are subject to outstanding JSOP awards, as well as a further 1,250,000 unallocated Ordinary Shares in the EBT (together the "JSOP Shares") that would be available to satisfy any outstanding options under the LTIP or the Company's Company Share Option Plan. The aggregate 1,925,000 JSOP Shares do not have voting rights.

The information set out below is provided in accordance with the requirements of Article 19 of the Market Abuse Regulation:

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