18 June 2024

INTERCEDE GROUP plc

('Intercede', the 'Company' or the 'Group')

Director/PDMR Shareholding and Issue of Equity

Intercede, the leading cybersecurity software company specialising in digital identities, today received a notification of exercise from Klaas van der Leest, Chief Executive Officer, in relation to 130,000 share options ("Options") over ordinary shares of 1p each in the capital of the Company ("Ordinary Shares") at an exercise price of 27.0 pence pursuant to the Company's Enterprise Management Incentive Plan (the "Exercise").

Following the Exercise, Mr Van der Leest has an increased shareholding of 1,031,572 Ordinary Shares in the Company, representing approximately 1.77% of the Company's enlarged issued share capital.

Issue of Equity

Accordingly, application has been made for 130,000 new Ordinary Shares to be issued pursuant to the Exercise to be admitted to trading on AIM ("Admission"). Admission is expected to occur at 8.00 a.m. on or around 21 June 2024.

The new Ordinary Shares will rank pari passu with the existing shares of the Company. Following Admission, the Company's issued share capital consists of 58,493,357 Ordinary Shares, each with voting rights. The Company holds 131,645 Ordinary Shares in treasury, therefore the total number of voting rights in the Company is 58,361.712. Accordingly, the figure of 58,361,712 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FCA's Disclosure Guidance and Transparency Rules.

Following the Exercise, there are total options outstanding over 3,935,705 Ordinary Shares, representing 6.74% of the Company's issued share capital.

ENQUIRIES

About Intercede

Intercede is a cybersecurity software company specialising in digital identities, and its innovative solutions enable organisations to protect themselves against the number one cause of data breach: compromised user credentials.

The Intercede suite of products allows customers to choose the level of security that best fits their needs, from Secure Registration and ID Verification to Password Security Management, One-Time Passwords, FIDO and PKI. Uniquely, Intercede provides the entire set of authentication options from Passwords to PKI, supporting customers on their journey to passwordless and stronger authentication environments. In addition to developing and supporting Intercede software, the Group offers professional services and custom development capabilities as well as managing the world's largest password breach database.

For over 20 years, global customers in government, aerospace and defence, financial services, healthcare, telecommunications, cloud services and information technology have trusted Intercede solutions and expertise in protecting their mission critical data and systems at the highest level of assurance.

For more information visit: www.intercede.com

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them