CLN Conversion to Equity

INTERCEDE GROUP plc

(‘Intercede’, the ‘Company’ or the ‘Group’)

CLN Conversion to Equity

Further to the announcement of 4 February 2021, Intercede, the leading specialist in digital identities, credential management and secure mobility, announces that it has received the final conversion notice in respect of £1,550,000 nominal of CLNs. At the Conversion Price of 68.8125 pence, this results in the issue of 2,252,497 Ordinary Shares to the Noteholder.

Issue of Equity

Application has been made for 2,252,497 new Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence on or around 19 February 2021. The new Ordinary Shares will rank pari passu with the existing Ordinary Shares.

Following the issue of the new Ordinary Shares, the total number of shares in issue is 57,143,357 Ordinary Shares, each with voting rights. The Company holds 41,645 Ordinary Shares in treasury, therefore the total number of voting rights in the Company is 57,101,712.

The figure of 57,101,712 may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA’s Disclosure Guidance and Transparency Rules.

Following the issue of these Ordinary Shares, there will be no CLNs outstanding.

Capitalised terms used but not defined in this announcement shall have the same meaning as set out in the Company’s announcement dated 4 February 2021.

ENQUIRIES

Intercede Group plc                                                             Tel. +44 (0)1455 558 111
Klaas van der Leest, Chief Executive

Andrew Walker, Finance Director

finnCap                                                                                  Tel. +44 (0)20 7220 0500
Stuart Andrews / Simon Hicks, Corporate Finance

Tim Redfern / Charlotte Sutcliffe, ECM

About Intercede

Intercede is a cybersecurity company specialising in digital identities, credential management and secure mobility.

Headquartered in the UK, with offices in the US, we believe in a connected world in which people and technology are free to exchange information securely, and complex insecure passwords become a thing of the past.

Our vision is to make the highest levels of cybersecurity available to all organisations, solving complexity issues by simplifying the management of digital credentials, securely and at scale.

We have been delivering trusted solutions to high profile customers for over 20 years. Our team of experts has deployed millions of identities to governments, most of the largest aerospace and defence corporations, and major financial services and healthcare organizations, as well as leading telecommunications, cloud services and information technology firms, providing industry-leading employee and customer credential management systems.

For more information visit: intercede.com

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (“MAR”), and is disclosed in accordance with the company’s obligations under Article 17 of MAR.