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Grant of Options to Director, Senior Management and Employees

Crossword Cybersecurity Plc

Grant of Options to Director, Senior Management and Employees

20 October 2020 – London, UK Crossword Cybersecurity Plc (AIM:CCS, “Crossword”, the “Company” or the “Group”), the technology commercialisation company focused solely on cyber security and risk, is pleased to announce that it has today granted 22,184 options comprising 9,750 options under the Company’s Enterprise Management Incentive Scheme (the “EMI Plan”) and 12,434 options under the Non Tax Advantaged Plan to acquire ordinary shares of £0.05 each in the Company (“Ordinary Shares”) at an exercise price of £2.65 per share . The options vest in three equal tranches on the first, second and third anniversary of the date of grant.

Included in the 22,184 options granted under the EMI plan are options to the Chairman, Sir Richard Dearlove, to whom the Company has granted an option pursuant to the rules of the Non Tax Advantaged Plan to acquire 9,434 Ordinary Shares at an exercise price of £2.65 per share. Following this grant, Sir Richard Dearlove holds options over 39,144 Ordinary Shares in the Company.

Following this grant of options, the total number of Options outstanding under the EMI Plan will be 83,929. A further 125,644 Options are outstanding under an unapproved share scheme. The total number of Options outstanding following this grant will be 209,573 representing 4.08% of Crossword’s issued share capital.

The following notification, made in accordance with the requirements of the EU Market Abuse Regulation, give further details.

1 Details of the person discharging managerial responsibilities / person closely associateda)NameSir Richard Dearlove2Reason for the notification a)Position/status Chairmanb)Initial notification /Amendment Initial Notification3Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitora)Name Crossword Cybersecurity plcb)LEI 213800FJNJGZBUSOZQ634Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducteda)Description of the financial instrument, type of instrument Identification code Options to acquire ordinary shares of 5p each at a price of £2.65 per share. For Ordinary Shares: GB00BPFJXS57b)Nature of the transaction Granting of optionsc)Price(s) and volume(s) Price Nil Volume 9,434d) Aggregated information Price Nil Volume 9,434e)Date of the transaction 16/10/2020f)Place of the transaction Off-market transaction

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Crossword Cybersecurity plc – Tel: +44 (0) 20 3953 8460


Tom Ilube, Chief Executive Officer

Mary Dowd, Finance Director

Grant Thornton (Nominated Adviser) – Tel: +44 (0) 20 7383 5100

Colin Aaronson / Jamie Barklem

Hybridan LLP (Broker) – Tel: +44 (0)203 764 2341

Claire Louise Noyce

About Crossword Cybersecurity plc

Crossword Cybersecurity plc focuses on the development and commercialisation of university research-based cyber security and risk management related software and cyber security consulting. The Group’s specialist cyber security product development and software engineering teams work with its university partners to develop the research concept into a fully-fledged commercial product that it will then take to market. The Group’s aim is to build up a portfolio of revenue generating, intellectual property based, cyber security products. Rizikon Assurance, Crossword’s leading product, is a SaaS platform that enables medium to large companies to assess and manage all risks from their suppliers. Nixer CyberML, Crossword’s most recently launched product, is a new tool for businesses that want to solve advanced security and cybercrime problems, such as detecting and dealing with compromised accounts, fraud, and in-application denial of service attacks. Crossword’s team of expert cyber security consultants leverages years of experience in national security, defence and commercial cyber intelligence and operations to provide bespoke advice tailored to its clients’ business needs.

For media enquiries contact:

Lorena Duke, GingerPR, 01932 485 300

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