Grant of Options to director

Franchise Brands plc (AIM: FRAN), a platform of international B2B franchise brands focused on essential services through a mobile workforce is pleased to confirm that Neil Miller, an Executive Director and the Chief Financial Officer of the Company, has undertaken to purchase up to 50,000 Ordinary Shares in the capital of the Company in the market over the next six months.

In recognition of this, the Company's Remuneration Committee has today approved the grant of an option over 50,000 Ordinary Shares in the Company to him (the "Options"). The Options have been granted under the Company's Employee Share Option Plan (the "Plan") at an exercise price of 149p per share (being the closing mid-market price of an ordinary share on 5 June 2026, the last business day before the grant of the Options). To the extent that that Mr Miller does not purchase at least 50,000 shares within the next six months the number of shares comprised in the option will be reduced on a share for share basis.

Subject to the rules of the Plan and meeting the performance conditions, the Options will be exercisable from the third anniversary of the date of grant until the tenth anniversary of that date.

The number of shares over which the Options can vest and be exercised is subject to performance criteria being met, as follows:

• as to 20%, after reported fully diluted adjusted earnings per share ("EPS") achieves compound annual growth of 5% over each of the next three financial years;
• as to 50%, after reported EPS achieves compound annual growth of 10% over each of the next three financial years;
• as to 100%, after reported EPS achieves compound annual growth of 15% or more over each of the next three financial years; and
• between 20% and 50%, and between 50% and 100%, on a straight-line sliding scale basis, dependent on EPS growth between (respectively) the targets in (1) and (2), and (2) and (3) above.

The year ending 31 December 2025 will be used as the base for the performance conditions, with growth in EPS measured over the three financial years ending 31 December 2028, using data from the audited financial statements.

Following this grant, Neil Miller holds options over 440,000 Ordinary Shares in the Company. He does not currently have a personal holding of Ordinary Shares in the Company but, as noted above, has committed to purchase up to 50,000 Ordinary Shares in the market.