Exercise of Share Options and Allotment of Shares

31 July 2020

Inspecs Group plc

(the "Company")

Exercise of share options and allotment of shares

The Company announces that it has issued 69,312 new ordinary shares of 1 pence each in the Company ("Ordinary Shares"), pursuant to an exercise of share options granted on 10 December 2019. Application has been made to the London Stock Exchange for the 69,312 new Ordinary Shares to be admitted to trading on AIM.

It is expected that admission will become effective and dealings in the new Ordinary Shares will commence on 3 August 2020. The new Ordinary Shares will rank pari passu with the existing Ordinary Shares in the Company.

Following admission of the 69,312 new Ordinary Shares, the Company's issued share capital will consist of 70,814,707 Ordinary Shares with voting rights and that 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 to the interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

For further information please contact: