Knights : Grant of Options under 2020 SAYE Scheme

21 February 2020

Knights Group Holdings plc

Grant of Options under 2020 SAYE Scheme

('Knights', the 'Company' or the 'Group')

Knights, one of the UK's fastest growing regional legal and professional services businesses, announces the grant of options to employees as part of the Group's Save As You Earn ('SAYE') share option scheme for 2020. The scheme is open to all permanent employees to encourage ownership and sharing in the future growth of the Group via share option arrangements.

Eligible employees were invited to apply for options under the SAYE scheme over Knights' ordinary shares of £0.002 each ('Shares') with an exercise price of 361p. The exercise price of the Options was set at a discount of 20% to the closing middle market share price of 451p on the trading day prior to the communication of the scheme to eligible employees being 24 January 2020. The options have a contract start date of 1 April 2020 and are exercisable from 36 months thereafter.

A total of 387 employees have elected to participate in the 2020 SAYE Scheme, and pursuant to their elections, options over a total of 664,796 Shares have been granted today.

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Notes to Editors

Knights is a fast-growing, legal and professional services business, ranked within the UK's top 100 largest law firms by revenue. Knights was one of the first law firms in the UK to move from the traditional partnership model to a corporate structure in 2012 and has since grown rapidly. Knights has specialists in all of the key areas of corporate and commercial law so that it can offer end-to-end support to businesses of all sizes and in all sectors. It is focussed on key UK markets outside London and currently operates from ten offices located in Birmingham, Cheltenham, Chester, Derby, Leicester, Manchester, Oxford, Stoke, Wilmslow and York.