2 May 2023

Mpac Group plc

(the "Company" or the "Group")

Grant of Options

Director/PDMR Transaction

The Company announces that, on 2 May 2023, it awarded a total of 384,247 options to subscribe for new ordinary shares in the Company under the Mpac Group plc Long Term Incentive Plan ("LTIP") 2019 to certain of the Company's Directors/PDMRs in the amounts set out below (the "LTIP Options").

The LTIP Options have vesting conditions tied to cumulative Earnings Per Share (EPS) and average Return On Capital Employed (ROCE), with each award split equally between the two performance conditions. Cumulative EPS has to exceed 140p over the performance period to vest in full. Vesting is reduced to 20% on a pro-rata basis if cumulative EPS is 110p over the performance period and is reduced to nil if below 110p. Average ROCE has to exceed 40% to vest in full. Vesting is reduced to 20% on a pro-rata basis if average ROCE is 30% over the performance period and is reduced to nil if below 30%.

The performance period will be 1 January 2023 to 31 December 2025 and, to the extent vested, the options will be subject to a two-year holding period following the expiry of the performance period.

For further information, please contact:

The Company makes the following disclosures in accordance with article 19(3) of the Market Abuse Regulation: