VEC.L Regulatory News (VEC)

VECTURA GROUP PLC

Chippenham, UK - 22 October 2018: Vectura Group plc (LSE: VEC) ("Vectura" or the "Company"), an industry-leading inhaled product formulation, device design and development business, announces that in compliance with DR 3.1.4R (1)(a), the Company confirms that Paul Fry, Chief Financial Officer was granted two share awards on 22 October 2018. As part of the terms of his recruitment as Chief Financial Officer of Vectura, the Company agreed to compensate Paul for the loss of certain benefits and share awards forfeited on leaving his previous employment. They are made in accordance with Vectura's approved remuneration policy and the Remuneration Committee believes that their terms fairly reflect the forfeited awards in terms of value and timing of vesting.

The awards are:

(a) a one-off award of 225,741 forfeitable ordinary shares to which Listing Rule 9.4.2(2) applies. The award shares will normally vest (i.e. the forfeiture risk will cease) on 22 April 2020, subject to continuing employment until then. Its terms are otherwise broadly similar to those of awards granted under the 2015 Long-Term Incentive Plan ("LTIP") but with no performance conditions applying; and

(b) an option over 225,741 ordinary shares under the LTIP with and exercise price of 0.025p per share. This will normally vest on 22 October 2021 and remain exercisable until 21 October 2028. Vesting is subject to the same employment, TSR performance and EBITDA criteria as apply to LTIP awards granted to other executive directors in 2018.

The numbers of shares subject to the awards have been calculated using the Company's share price of 74.2p on 22 March 2018 (as for LTIP awards made to the other Executive Directors in 2018). No consideration was paid for the grant of these awards. They are subject to clawback in certain circumstances.

Vectura Group plc was notified of the above transactions on 22 October 2018.

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