Amendment to share award scheme

Pro Global Insurance Solutions plc

Amendment to share award scheme

Pro Global Insurance Solutions plc (the "Company") announces that the independent board directors of the Company (the "Independent Directors") have approved certain amendments to the Pro Performance Share Plan 2007 following the announcement of the proposed sale of the shares in its outsourcing and consulting businesses (the "Sale").

The Independent Directors have approved the following amendments respect to the Pro Performance Share Plan 2007:

- The original performance conditions of the 2.5 million shares granted under this plan to Artur Niemczewski, CEO, has been supplemented by alternative performance conditions more reflective of the key success indicators of the Company for the current time. The alternative performance conditions relate to 1.5 million shares of the 2.5 million shares granted to Mr Niemczewski under this plan.

- A minimum of 41.67% of the shares granted to employees and directors will vest, whether or not performance conditions have been met, in the event of the completion of the Sale.

A total of three million shares are outstanding under the Pro Performance Share Plan 2007. The table below shows relevant PDMRs who these awards are allocated to.

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