CTP.L Regulatory News (CTP)

Castleton Technology PLC

("Castleton", the "Company" or the "Group")

Implementation of Long Term Incentive Plan

Castleton Technology plc (AIM: CTP), the software and managed services provider to the public and not-for-profit sectors, is pleased to announce that, further to the announcement of 21 February 2018, it has established a new Long-Term Incentive Plan (the "LTIP") in order to incentivise certain members of the Company's senior management team (together the "Senior Managers") who are expected to be instrumental in the creation of long-term value for shareholders.

Under the LTIP, fifteen Senior Managers have today been granted options (the "Options") to acquire new ordinary shares of 2 pence each in the capital of the Company ("Ordinary Shares"). The Options are exercisable at the nominal value of the Ordinary Shares and represent approximately 1.7% of the current issued share capital of the Company. The LTIP provides for the Options to vest in stages dependent on the share price growth, with full vesting being dependent on the Company's share price growing at 40% per annum over the three year period from a base price of 68 pence, being the share price at the date the Board resolved to establish the LTIP.

The LTIP also contains standard provisions dealing with certain matters such as cessation of employment and change of control. No Directors of the Company are participants in the LTIP.

About Castleton Technology plc

Castleton Technology plc is a leading supplier of complementary software and managed services to the public and not-for-profit sectors. The Group is a 'one stop shop', providing integrated housing systems via the Cloud, working in partnership with its customers and resellers to help drive efficiencies whilst improving controls and customer service. www.castletonplc.com

The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.