Shareholder Circular and Notice of General Meeting

MicroSalt plc (AIM: SALT), a leading provider of full-flavour, natural salt with approximately 50% less sodium, announces that a circular (the "Circular") has been posted to shareholders to convene a general meeting to be held on Monday 6 January 2025 at 14:00 (GMT) to seek shareholder approval in connection with the adoption by the Company of a long term incentive plan ("LTIP") for employees as well as an addendum to the LTIP to enable options to be granted to US participants and others (the "General Meeting").

At the time of admission of the Company's ordinary shares to trading on AIM ("Admission"), the Company had not adopted a formal share option plan but certain share options had been granted as a result of existing share-based remuneration schemes that the Company and its subsidiaries (the "Group") had operated prior to Admission. Following Admission, the board of directors of the Company, with particular support from the Remuneration Committee, has undertaken an extensive review of the Company's incentive arrangements and the options available to the Group with regard to implementing an incentive-based remuneration scheme which will assist in incentivising the employees of the Group and retaining those individuals who are key to the Group's future success.

• Options to be granted under the LTIP shall not exceed 10 per cent. of the issued share capital of the Company;
• Financial and non-financial vesting criteria will be attached to options granted; and
• Participants not to receive options having a market value in excess of 200% of their annual base salary for the financial year

The Circular and Notice of General Meeting will be sent to shareholders today and will also be made available on the Company's website shortly.

Shareholders are reminded to review carefully the actions to be taken by them in connection with the General Meeting, which are detailed in the Circular. The procedures and timings for shareholders to vote on the resolutions proposed at the General Meeting are set out in the notes to the notice of the General Meeting in the Circular.

Tim Thompson / Alison Allfrey / Anna Probert microsalt@flagstaffcomms.com