3 July 2024

Xeros Technology Group plc

('Xeros", the "Company" or the "Group")

Grant of Options

Xeros Technology Group plc (AIM: XSG), the creator of technologies that reduce the impact of clothing on the planet, announces that on 1 July 2024, the Board, following the recommendation from the Remuneration Committee, granted new share options (the "Options") over ordinary shares of 0.1 pence each ("Ordinary Shares") to Neil Austin, Chief Executive Officer, and Alexander Tristram, Finance Director, under the terms of the Xeros Technology Group plc 2020 Share Option Scheme.

Following this grant of Options, the Company has options in issue over 36,354,541 Ordinary Shares, representing approximately 7.0 per cent. of the Company's total issued share capital.

9,522,533 options issued to Neil Austin are granted as unapproved share options and 1,568,656 are granted as EMI options. Those options granted to Alexander Tristram are granted as EMI share options.

These Options are exercisable at a price of 1.5 pence in tranches of one third from the beginning of each of 2025, 2026 and 2027. The exercise price is fixed by reference to the price at which the Company's recent fundraising, announced on 4 April 2024, was concluded.

Enquiries

About Xeros

Xeros Technology plc has developed patented and proven, industry-leading technologies which reduce the environmental impact of how industries make and care for clothes.

The traditional wet processing methods used in industrial and domestic laundry and garment manufacturing consume billions of litres of fresh water and large amounts of energy and chemicals, as well as damaging and weakening clothing fibres and creating rising levels of environmental pollution. It is estimated that washing machines contribute 35% of the 171 trillion microplastic particles in the ocean.

A range of actors, including consumers, the media NGOs and regulators are exerting pressure on these industries, with legislative action beginning to be taken.

Xeros' three main technologies, Filtration, Finish, and Care, facilitate garment manufacturers, industrial laundries, domestic washing machine manufacturers and consumers, to reduce their environmental impact, whilst also significantly improving efficiency in the process.

Xeros' model is to generate revenue from licensing its technologies, generating royalties and the sale of consumables. Currently there are 8 agreements in place. The addressable markets in Filtration, Finish and Care are estimated to be valued at £350m p.a., £132m p.a. and £3bn p.a. respectively.

Further details of the PDMR dealing are included below. This information has been provided in accordance with Article 5(1)(b) of the Market Abuse Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018.