29 September 2023

Rosslyn Data Technologies plc

("Rosslyn" or the "Company")

Grant and Cancellation of Options

Further to the Company's announcement of 30 August 2023, Rosslyn (AIM: RDT), the provider of a leading cloud-based enterprise data analytics platform, announces the grant of options over ordinary shares of 25p each in the Company ("Ordinary Shares") and the concurrent cancellation of options over Ordinary Shares. This includes the grant of options to, and cancellation of options held by, a Director and a PDMR of the Company.

As referenced in the Company's circular to shareholders dated 31 August 2023, the Board recognises the importance of share options to appropriately incentivise and retain employees as well as to ensure their interests are aligned with that of Company and its shareholders. Following a review of employee incentives, the Remuneration Committee of the Board recommended that, given the reduction in the Company's share price and the changes in the share capital following the recent fundraising and share consolidation, the existing awards of share options were no longer a reasonable incentive and should be replaced to re-align the option scheme with the current share price and share capital. The Board of Directors approved this recommendation and is adopting a new share option plan. The adoption of the new share option plan was approved by shareholders at the general meeting of the Company on 18 September 2023.

Accordingly, the Company, on 29 September 2023, cancelled 525,846* options over Ordinary Shares ("Historic Options"), including those held by a Director and a PDMR of the Company as detailed below. The holders of the Historic Options have agreed to their cancellation with immediate effect.

On 29 September 2023 (the "Grant Date"), the Company granted a total of 1,871,833 options over Ordinary Shares (the "New Options"), a portion of which are to replace the Historic Options alongside the grant of options to new holders. This includes the grant of options to a Director and PDMR of the Company as detailed below.

* The number of options following the 50:1 share consolidation on 19 September 2023

The New Options granted to Paul Watts and Ed Riddell vest in three equal tranches on the first, second and third anniversaries of the Grant Date subject to the satisfaction of performance criteria related to increases in share price and the achievement of targets related to ARR, revenue and EBITDA. The New Options expire 10 years from the Grant Date and are exercisable subject to the satisfaction of the performance achievements and the individual remaining an employee of the Company. The exercise price of 25.0p represents the price at which the new Ordinary Shares were issued in the Company's recent fundraising adjusted for the share consolidation.

Following the cancellation of the Historic Options and grant of the New Options, the Company now has options outstanding over a total of 1,939,549 Ordinary Shares, representing 11.0% of the current issued share capital of the Company.

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About Rosslyn Data Technologies plc

Rosslyn (AIM: RDT) provides an award-winning spend analytics and predictive analytics platform. The Rosslyn Platform helps organizations with diverse supply chains mitigate risk and make informed strategic decisions. It leverages automated workflows, artificial intelligence and machine learning to extract and consolidate procurement data providing visibility of complex supplier data, enabling supplier spend savings and delivering rapid ROI. For more information visit www.rosslyn.ai 

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