18 January 2022

Nexus Infrastructure plc

("Nexus" or the "Company")

Notification of Transactions by Persons Discharging Managerial Responsibilities (PDMRs)

Nexus announces the vesting on 14^th January 2022 of the following awards granted under the Nexus Infrastructure plc Long Term Incentive Plan (LTIP) by PDMRs.  The awards, in the form of conditional nil-cost options over ordinary shares of £0.02 each in the Company ("Ordinary Shares"), were granted on 14^th January 2019 (2019 LTIP).  Vesting was subject to various performance conditions including average annual compound earnings per share growth and total shareholder return relative to a comparator group, as a result 12 per cent. of the eligible 2019 LTIP awards vested on 14^th January 2022.

The following PDMRs received Ordinary Shares under the 2019 LTIP:

* No consideration was payable to receive these Ordinary Shares under the 2019 LTIP.

Michael Morris, Chief Executive Officer, who currently is a 22.2% shareholder in Nexus, has voluntarily surrendered his 2019 LTIP awards and they have now lapsed.  The Board's Remuneration Committee has agreed that Michael Morris will be paid the cash equivalent of 20,664 Ordinary Shares due to him under the original 2019 LTIP based on prevailing share price.  This approach (which is the same as that taken last year in relation to Michael Morris' 2018 LTIP awards) has been taken as under the Takeover Code, Michael Morris and his concert party (the "Morris Concert Party") are precluded from acquiring additional shares in Nexus due to the implications of Rule 9 of the Takeover Code. The Company intends, in the future, to adopt a similar approach in relation to LTIP awards that have been made to Michael Morris or that would be made but for the implications of Rule 9 of the Takeover Code.

Total voting rights

An application has been made to the London Stock Exchange for admission of 81,139 new Ordinary Shares to trading on AIM on 21^st January 2022 ("Admission") in relation to the 2019 LTIP. Following Admission, the total number of Ordinary Shares in issue in the Company will be 45,481,904. Nexus does not hold any shares in treasury, and, therefore, following Admission, the total number of voting shares in Nexus in issue will be 45,481,904. This figure may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

This notification is made in accordance with the requirements of the Market Abuse Regulation.

Dawn Hillman

Company Secretary

Nexus Infrastructure plc                                               Tel : 01376 559550