Share Awards and Exercise of Options

1 June 2021

CentralNic Group plc

("CentralNic" or the "Company")

(AIM: CNIC)

Share Awards and exercise of Options

CentralNic announces that on it has made awards over ordinary shares of £0.001 each ("Ordinary Shares") under the CentralNic Group plc Long Term Incentive Plan and the CentralNic Group plc Share Option Plan (the "LTIP" and "SOP") to Group employees including persons discharging managerial responsibilities ("PDMRs") of CentralNic ("Awards"). CentralNic has had an extended period of corporate activity over the past 12 months, which has prevented the Company from granting Awards under the Plans in its usual annual cycle of employee share incentives. The following Awards are now being granted in order to regularise the position in relation to Awards previously agreed in principle by the Remuneration Committee, subject to the Company coming out of a close period.

Grant of Awards

The Awards granted to the PDMR on the table above and to certain other participants were granted as nil-cost options under the terms of the LTIP and/or the SOP (as relevant) over a total of 2,189,712 Ordinary Shares. The Awards under the LTIP and SOP vest over a three year period subject to the continued employment of the Award holder.

Exercise of Options

CentralNic further announces the exercise by the following PDMR of share options previously granted by the Company ("Options):

The exercise of options was satisfied by 768,983 shares from the CentralNic Employee Benefit Trust.

The table below summarising the total number of Ordinary Shares under options held by the Directors as at the date of this announcement:

A total number of 22,380,758 Ordinary Shares are held under options granted to all employees and Directors of the CentralNic group.

Issue of Ordinary Shares

CentralNic further announces that it has issued and allotted 17,422,058 Ordinary Shares to RBC Cees Trustee Limited ("RBC") the trustee of the CentralNic Employee Benefit Trust ("EBT") in order to satisfy the potential future exercise of Options held by employees of the Company under its employee share schemes. The EBT now holds a number of shares equivalent to the number of options granted to all employees and Directors of the CentralNic group. All dividend and voting rights attaching to these Ordinary Shares are waived whilst held by the EBT.

Application has been made to the London Stock Exchange for the admission of the Ordinary Shares which are expected to be admitted to trading on or around 7 June 2021. Following the admission, the Company will have 251,160,084 Ordinary Shares in issue.

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

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