MOBICO GROUP PLC

 (the "Company")

Director/PDMR Share Awards and Share Purchase

The Company provides notification of the following transactions, all effected on 22 April 2024, relating to the below named PDMRs and their interests in the ordinary shares of nominal value 5p each in the capital of the Company ("Shares") (ISIN: GB0006215205).

The transactions arise in respect of:

i.   the deferred vesting on 22 April 2024 of forfeitable Shares awarded to Ignacio Garat and James Stamp on 27 March 2023 under the rules of the Company's Executive Deferred Bonus Plan ("EDBP") in relation to the deferred element of their 2022 annual bonuses, with such vesting being delayed from 27 March 2024 due to the Company being in a closed period until 22 April 2024;

ii.   the immediate sale of a sufficient number of such forfeitable Shares to cover tax and dealing cost liabilities arising on that vest; and

iii.   the purchase of Shares by Mr Garat and Mr Stamp using the dividends paid on their forfeitable Shares since 27 March 2023 (net of taxes and dealing costs) (the "Dividend Amount").

Individual PDMR details are set out in the table below:

¹ The Shares sold comprise those sold to cover the immediate income tax, social security and dealing cost liabilities arising on vesting of the forfeitable Shares awarded under the EDBP.

² All Shares delivered to the individuals in relation to the forfeitable Shares awarded under the EDBP are existing Shares delivered through the Company's Employee Benefit Trust.

³ Malus and clawback will apply to the forfeitable Shares awarded under the EDBP for two-years from the date of award, including post termination of employment.

⁴ PDMRs were entitled to receive dividends that were paid on the forfeitable Shares awarded under the EDBP while they were held in the Employee Benefit Trust during the vest period. The PDMRs agreed to use these dividends (after deduction of taxes and dealing costs) to purchase additional shares in the Company. The Shares purchased by the PDMRs were purchased at a share price of £0.5695 per Share on the London Stock Exchange on 22 April 2024.

⁵ Including those held by the PDMR's connected persons.

⁶ Represents outstanding awards granted under the Company's Long-Term Incentive Plan.

⁷ The options granted under the Long-Term Incentive Plan on 22 March 2021 (which were due to vest on 22 March 2024) have lapsed in full.

⁸The previously reported number of shares beneficially owned by Mr Stamp was 54,464. This was a transcription error. The correct number of shares beneficially owned by him prior to this announcement was 54,392. This consisted of 4,108 shares acquired following the exercise of his 2018 LTIP prior to being a director, 13,043 shares which he purchased in the placing on 6 May 2020 prior to him becoming a director and 37,241 shares which he purchased in May and June 2023 as previously announced on 2 June 2023.

The above notice is given in fulfilment of the Company's obligation under DTR 3.1 and Article 19 of the EU Market Abuse Regulation 596/2014 as incorporated into UK domestic law by the European Union (Withdrawal) Act 2018.

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Mobico Group contacts and telephone number for enquiries:

Simon Callander, Group General Counsel & Company Secretary

+44 (0) 7795 232 708

Gillian Saunderson, Deputy Company Secretary

+44 (0) 7471 142 961

Notes:

Legal Entity Identifier: 213800A8IQEMY8PA5X34

Classification: 3.1 (with reference to DTR6 Annex 1R)