The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. It forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

8 March 2022 

Insig AI plc

("Insig AI" or the "Company")

Issue of Options and PDMR dealing

Insig AI plc (AIM: INSG), the data science and machine learning group, has agreed to issue Colm McVeigh, Chief Commercial Officer and a director of Insig AI  and certain employees with options over a total of 3,350,000 ordinary shares of 1 pence each in the capital of the Company (together, the "Options") with an exercise price of 48 pence (the "Exercise Price"). The Exercise Price represents a substantial premium of approximately 75% to the Company's closing share price of 27.5 pence on 7 March 2022. Due to the substantial premium of the Exercise Price, there are no financial performance metrics attached to the Options. The vesting of the Options is conditional on the continued employment of the option holder which also lapse should the option holder no longer be employed by the Company. A schedule of the Options granted is set out below:

The granting of the Options to Colm McVeigh follows his appointment announcement on 10 November 2021.

For further information, please visit www.insg.ai or contact:  

SEC Newgate (Financial PR)                                                              +44 (0) 7540 106 366

Robin Tozer / Richard Bicknell                                                  [email protected]

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM