Lords Group Trading plc

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

Award of Options under LTIP and PDMR Dealing

Lords, a leading distributor of building materials in the UK, announces that the Group's Remuneration Committee has approved the award of nil cost options over an aggregate of 276,073 new ordinary shares of 0.5 pence each in the Company ('Ordinary Shares') under the terms of the Company's Long Term Incentive Plan ('LTIP Award') to Chris Day, the Company's Chief Financial Officer and Chief Operating Officer.  The LTIP Award will replace the expired award granted to Chris Day under the Long Term Incentive Plan that was in place at the time of the Group's IPO.

Award Performance Conditions

In line with the recognition of the importance of aligning Lord's management team with the success of the Group in the medium and long-term, the LTIP Award is subject to the following performance conditions, subject to Remuneration Committee discretion:

The performance targets attached to the LTIP Award are based on adjusted earnings per share and total shareholder return over a three-year performance period from 1 January 2023 to 31 December 2025.

The Remuneration Committee has discretion to amend these terms to ensure that any performance targets remain appropriate.

Change of Name of Nominated Adviser and Broker

The Company also announces that its Nominated Adviser and Broker has changed its name to Cavendish Securities plc following completion of its own corporate merger.

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Notes to editors:

Lords is a specialist distributor of building, plumbing, heating and DIY goods.  The Group principally sells to local tradesmen, small to medium sized plumbing and heating merchants, construction companies and retails directly to the general public.  The Group operates through the following two divisions:

Lords was established over 35 years ago as a family business with its first retail unit in Gerrards Cross, Buckinghamshire.  Since then, the Group has grown to a business operating from 48 sites.  Lords aims to become a £500 million turnover building materials distributor group by 2024 as it grows its national presence.

Lords was admitted to trading on AIM in July 2021 with the ticker LORD.L. For additional information please visit www.lordsgrouptradingplc.co.uk.

The following notifications are intended to satisfy the Company's obligations under Article 19(3) of the Market Abuse Regulation.