Director/PDMR Transaction

Details of PDMR / person closely associated

a)

Name

Mark Dixon

2

Reason for the notification

a)

Position / status

CEO

b)

Initial notification / Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

IWG plc

b)

LEI

2138003LWDII27UTAG52

4

Details 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 conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 1p

ISIN: JE00BYVQYS01

b)

Nature of the transaction

638,128 share awards under the IWG Performance Share Plan.  No consideration was paid for the grant of the awards which are structured as nominal cost options.  The vesting of an award is subject to the satisfaction of performance conditions set by the Remuneration Committee of the Company.  The awards will normally vest on the fifth anniversary of the grant of the awards, and will then normally remain exercisable until the day before the tenth anniversary of the date of grant provided the individual remains an employee or officer of the group.

d)

Aggregated information

-      Aggregated volume

-      Price

638,128

GBP 0.00

e)

Date of the transaction

26 March 2021

f)

Place of the transaction

Outside a trading venue