Watkin Jones plc

('Watkin Jones' or the 'Company')

Issue of Equity

Watkin Jones plc (AIM: WJG) announces that it has issued and allotted 10,886 ordinary shares of 1 penny each in the Company ('Ordinary Shares') pursuant to the exercise of awards under the Company's Long Term Incentive Plan ('LTIP').

Accordingly, application has been made for the 10,886 new Ordinary Shares to be admitted to trading on AIM ('Admission').  It is expected that Admission will become effective, and that dealings will commence in the new Ordinary Shares at 8am (BST) on 16 May 2023.  The new Ordinary Shares will rank, pari passu, with the existing Ordinary Shares.

Total Voting Rights

Following Admission, the Company's total issued share capital will comprise 256,441,253 Ordinary Shares.  The Company does not hold any shares in treasury.  Therefore, the total number of voting rights in the Company will be 256,441,253.  This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change of interest in, the share capital of the Company under the FCA's Disclosure, Guidance and Transparency Rules.

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Notes to Editors

Watkin Jones is the UK's leading developer and manager of residential for rent, with a focus on the build to rent, student accommodation and affordable housing sectors. The Group has strong relationships with institutional investors, and a reputation for successful, on-time-delivery of high quality developments.  Since 1999, Watkin Jones has delivered 48,000 student beds across 143 sites, making it a key player and leader in the UK purpose-built student accommodation market, and is increasingly expanding its operations into the build to rent sector.  In addition, Fresh, the Group's specialist accommodation management business, manages over 22,000 student beds and build to rent apartments on behalf of its institutional clients.  Watkin Jones has also been responsible for over 80 residential developments, ranging from starter homes to executive housing and apartments.

The Group's competitive advantage lies in its experienced management team and capital-light business model, which enables it to offer an end-to-end solution for investors, delivered entirely in-house with minimal reliance on third parties, across the entire life cycle of an asset.

Watkin Jones was admitted to trading on AIM in March 2016 with the ticker WJG.L.  For additional information please visit www.watkinjonesplc.com