Motorpoint Regulatory News (MOTR)

25 August 2020

Motorpoint Group Plc

("Motorpoint" or "the Company")

Grant under Performance Share Plan

Motorpoint, the UK's leading independent omni-channel vehicle retailer announces that on 24 August 2020 awards of Restricted Shares over ordinary shares of £0.01 each in the capital of the Company ("Ordinary Shares") were made under the Motorpoint Group Plc Performance Share Plan ("PSP") to the Director/Persons Discharging Managerial Responsibilities as set out below.

The award set out below is in the form of nil cost options over Ordinary Shares ("Options") and were granted under and subject to the terms of the PSP. The Options ordinarily vest on the third, fourth and fifth anniversaries of the grant (in 50%, 25% and 25% portions respectively) and are subject to the grantee's continued service and a performance condition requiring the Committee to be satisfied that the business performance is robust and sustainable and that management has strengthened the business. Following the vesting of the Options, any vested Ordinary Shares are subject to a holding period which expires no earlier than the fifth anniversary of the date of grant, during which time they may not be sold. The Options shall ordinarily remain exercisable until the eve of the tenth anniversary of the grant date.

The notifications at the end of the announcement, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail of the Options granted.

Enquiries:

Notes to editors

Motorpoint is the largest independent vehicle retailer in the United Kingdom. The Group's principal business is the sale of nearly-new vehicles, the majority of which are up to two years old and which have covered less than 15,000 miles. Motorpoint sells vehicles from brands representing over 95 per cent of new vehicle sales in the United Kingdom, with models from Ford, Vauxhall, Volkswagen, Nissan, Hyundai, Audi and BMW being amongst the top sellers. The Group operates from 13 retail sites across the United Kingdom: Birmingham, Birtley, Burnley, Castleford, Chingford, Derby, Glasgow, Newport, Oldbury, Peterborough, Sheffield, Swansea and Widnes, of which five have opened in the last five years; together with a national contact-centre dealing with online enquiries.

More information is available at www.motorpointplc.com and www.motorpoint.co.uk.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them