RWS Holdings Regulatory News (RWS)

For immediate release 9 June 2021

 RWS Holdings plc

Exercise of options, Share Option Scheme and Grant of Options

RWS Holdings plc ("RWS" or "the Company"), the world's leading provider of technology-enabled language, content management and intellectual property support services, announces the issue of shares following the exercise by an employee of options and the granting of share options under the RWS Share Option Plan 2019 ("the Plan"). The plan is designed to promote the retention, recruitment and incentivization of the Company's leadership team.

Issue of shares

484 new ordinary shares of 1 pence each in RWS ("RWS Shares") have been issued today in order to satisfy the exercise of options by an employee under the RWS Holdings 2019 Sharesave Scheme at 413 pence per share. Admission is expected to take place at 8.00am on 15 June 2021.

Following the exercise of options, the Company's issued share capital comprises 389,241,616 RWS Shares. RWS has no Shares held in treasury. The above figure includes 55,896 RWS Shares that are held by the RWS Holdings plc Employee Benefit Trust in order to satisfy awards under the Company's employee share schemes. Therefore shareholders may use the figure of 389,185,720 as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, RWS under the Financial Conduct Authority's Disclosure and Transparency Rules.

Granting of share options

On 9 June 2021, the RWS Board approved the following grant of options over 34,192 RWS Shares at an exercise price of 613 pence (being the closing mid-market price on 8 June 2021, the business day preceding the date of grant), representing approximately 0.01 per cent of the Company's issued share capital.

These options will normally vest on the third anniversary of the grant date, subject to the rules of the Plan, continued employment and achievement of performance conditions. The performance conditions applicable to the options are based on the Company achieving EPS targets, each option being split into three tranches, each subject to an EPS target for a reporting year set annually in advance by RWS's Remuneration Committee.

Vested options are then subject to a two-year holding period and will be exercisable on the fifth anniversary of the grant date and will lapse on the tenth anniversary of the grant date. All options are subject to defined malus and clawback provisions.

The information set out below is provided in accordance with the requirements of Article 19(8) of the Market Abuse Regulation (EU) No 596/2014,

For further information, please visit: www.rws.com.