Clarification of Vesting of LTIP Awards

Public Policy Holding Company (AIM: PPHC), the government relations and public affairs group providing clients with a fully integrated and comprehensive range of services, announces a clarification of the term "vesting" used in respect of its LTIP awards.

As stated by the Company in prior announcements and in its Admission Document at the time of its IPO, the issue of common shares and certain LTIP awards, such as restricted stock awards ("RSAs") may be subject to "vesting" conditions.

These vesting conditions typically relate to the holders' of the awards continued employment with the Group and, to the extent that such condition does not continue to be satisfied then the common shares represented by the unvested RSAs will not vest and will be forfeited and clawed back by the Company.

These vesting conditions form part of the terms of the award made to each holder and are not a restriction on the rights attaching to the common shares themselves, or the shareholders thereafter, which remain freely transferable.