15 May 2023

H&T Group plc

("H&T", the "Company" or the "Group")

(AIM: HAT)

Performance Share Plan ("PSP") 2023 and Amendment to the 2021 PSP

H&T Group plc announces the adoption of its 2023 Performance Share Plan ("PSP") which has been approved by the Remuneration Committee. Further details on the scheme, which will apply to senior management and Executive Directors of the Company, are set out below.

In accordance with the rules of the PSP, eligible employees will be entitled to acquire a maximum number of Ordinary Shares ('Award Shares') on or after 31 December 2025 at nil price, subject to the Company achieving the minimum reported performance criteria.

Summary details set out below:

2021 PSP Amendment

·    The Company previously notified that in relation to the 2021 PSP, a total number of 366,053 shares would potentially be required. Having reviewed the participants, the Remuneration Committee has decided to exercise its discretion to better align the list of participants to the current senior management team, to take account of a number of departures and to include Diane Giddy, Chief Financial Officer, who joined the Company in November 2021. Diane's award has been pro-rated to reflect the date of her appointment partway through the performance period. The proposed amendments will increase the total potential number of shares to 456,675.

The grant of shares is a proportion of salary as follows:

·    Executive Director -105% of base salary

·    Diane Giddy, CFO: 66,262

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