Grant of Share Options

Northamber (AIM:NAR), announces that under its Company Share Option Plan ("CSOP"), it has granted a total of 67,415 options ("CSOP Options") over ordinary shares of £0.01 each in the Company ("Ordinary Shares") to Jeremy Keefe, pursuant to his appointment as Group Managing Director on 2 January 2024.

The exercise price of the CSOP Options is equal to the mid-market closing price of an Ordinary Share on 9 January 2024, being 44.5 pence.

The CSOP Options will vest and become exercisable on the later of:

• the third anniversary of the date of grant; and
• the date on which the board of directors determines that the volume-weighted average mid-market closing price of an Ordinary Share as derived from the AIM Appendix to the Daily Official List ("VWAP") over a period of 30 dealing days, is equal to or greater than £0.90 ("VWAP Target").

• Name Northamber plc
• LEI 213800F4IVW7568DW226
• Description of the Financial instrument, type of instrument Identification code Ordinary shares of 1 pence each GB00B2Q99X01
• Nature of the transaction Grant of CSOP options
• Price(s) and volume(s) Volume(s) 67,415 Price(s) 44.5p
• Aggregated information Aggregated volume Price N/A - single transaction 67,415 44.5p
• Place of the transaction Off-Exchange