Grant of option

Xaar plc (the "Company")

Grant of Options

The Company announces that on 29 April 2020 an Executive Director of the Company was granted the following nil priced share options over ordinary shares of 10 pence each in the Company ("Ordinary Shares") under the terms of the Xaar 2017 Long Term Incentive Plan ("LTIP"):

* Options granted under the LTIP scheme.

** Options granted under all schemes.

This grant was approved by the Remuneration Committee on 20 January 2020. It is a joining grant made at the first opportunity following Ian's start date as Chief Finance Officer on 1 March 2020. The grant is made to compensate Ian for options forfeited when he left his previous employer.

No consideration was paid for the grant of any of the options, or is due on the exercise of options granted under the LTIP scheme. These options carry the performance criteria of Xaar reporting adjusted profit before tax in the financial year 2022.

100% of the vested options are exercisable 3 years after the date of grant, or date of performance conditions vesting if later. The options will expire on the tenth anniversary of the date of grant.

The FCA notification, made in accordance with the requirements of the EU Market Abuse Regulation is appended below and gives further details on the transactions described above.

Enquiries:

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them