1 March 2022

iomart Group plc

("iomart", the "Group" or the "Company")

             Launch of 2022 SAYE Scheme

iomart Group Plc, the cloud computing company, is pleased to announce that it has launched a Save As You Earn ('SAYE') share scheme for all employees, under which employees have been offered the opportunity to participate in the future growth of the Company via share option arrangements.

Eligible employees were invited to subscribe for options over the Company's Ordinary Shares of 1 pence each ('Ordinary Shares') with an exercise price of 128.0 pence, a 20 per cent. discount to the closing middle market price of the Company's Ordinary Shares on 21 January 2022, the trading day before the invitation to participate was made. The options have a contract start date of 1 March 2022 and are exercisable between 1 March 2025 and 31 August 2025.

A total of 112 employees elected to participate, and pursuant to these elections a total of 689,806 options over Ordinary Shares were issued, equating to 0.63 per cent. of the issued share capital at 1 March 2022.

Two of the Directors of the Company, detailed below, elected to participate in the SAYE scheme and are included in the total figures above.

As a result of this option grant, these Directors' interests in Ordinary Shares are as follows:

For further information:

The notifications set out below is provided in accordance with the requirements of the EU Market Abuse Regulation.