SND.L Regulatory News (SND)

21 July 2023

Sondrel (Holdings) plc

("Sondrel", the "Company" and together with its subsidiaries the "Group")

Grant of EMI Share Options

Sondrel (Holdings) plc (AIM: SND), the fabless semiconductor business providing turnkey services in the design and delivery of 'application specific integrated circuits' (ASICs) and 'system on chips' (SoCs) for leading global technology brands, announces that it has granted options over 387,597 new ordinary shares in the Company under the Company's EMI Share Option Plan to Gareth Jones, Vice President ASIC and a PDMR of the Group (the "Options").

The terms of the Sondrel EMI Share Option Plan were announced by the Company on 1 June 2023 and approved by the Company's shareholders on 27 June 2023.

The Options will vest in tranches over a four-year period subject to customary malus and clawback provisions, with 50% of the Options granted vesting on the second anniversary of grant, a further 25% vesting on the third anniversary of grant and a final 25% vesting on the fourth anniversary of grant.

Vested Options will be capable of exercise in whole or in part at an exercise price of 56.5 pence per new ordinary share at any time prior to the tenth anniversary of grant.

Further detail is provided below in accordance with Article 19.3 of the Market Abuse Regulation.

Enquiries:

About Sondrel

Sondrel is a UK-based fabless semiconductor company specialising in high end, complex digital Application Specific Integrated Circuits (ASICs) and System on Chips (SOCs). It provides a full turnkey service in the design, prototyping, testing, packaging and production of ASICs and SoCs.

The Company is one of only a few companies capable of designing and supplying the higher-spec chips built on the most advanced semiconductor technologies, selling into a range of hyper growth end markets such as high-performance computing, automotive, artificial intelligence, VR/AR, video analytics, image processing, mobile networking and data centres. Sondrel designs have enabled products by leading technology brands including Apple (iPhone), Sony (PlayStation), Meta's (Oculus), Samsung, Google and Sony smartphones, JVC (prosumer camcorders), Tesla and Mercedes-Benz cars.

Sondrel is well-established, with a 20-year track record of successful delivery, supported by long standing ecosystem partnerships including Arm, TSMC and Samsung. Headquartered in the UK, Sondrel has a global presence with offices in UK, USA, China, India and Morocco.

For more information please visit: www.ir.sondrel.com.