Exercise of Share Options and Directors’ Dealings

1 April 2021

Sumo Group plc

("Sumo Group" or the "Company")

Exercise of Share Options and Directors' Dealings

Sumo Group announces that Carl Cavers, Chief Executive Officer, David Wilton, Chief Financial Officer and Paul Porter, Chief Operating Officer have exercised options to acquire further ordinary shares of 1 penny each in the Company ("Ordinary Shares") pursuant to the terms of the Company's Long-Term Incentive Plan ("LTIP").  These options were awarded in March 2018 and vested on 31 March 2021 based on the total shareholder return and earnings per share performance conditions measured over the Company's financial years 2018, 2019 and 2020.

Following the exercise of these options each Director has sold Ordinary Shares, in part to meet the tax liability arising from the exercise. This sale took place on 31 March 2021 at a price of 351.6889 pence per Ordinary Share and the shares were purchased by the Company's Employee Benefit Trust ("EBT").

Details of the transactions undertaken are set out below:

Subsequent to this exercise and sale, David Wilton transferred 359,943 Ordinary Shares to accounts held jointly with his wife, and 113,736 of such Ordinary Shares became subject to a trust in favour of other family members.

Employee option exercise and sale

Options granted to a number of other participants in the LTIP also vested and were exercised on 31 March and 490,436 Ordinary Shares necessary to satisfy these exercises were issued to the EBT on the same day.  The EBT has also purchased shares from these individuals, at the price of 351.6889 pence per Ordinary Share, where they wished to sell to meet tax liabilities or otherwise.

EBT

Following these transactions, the EBT holds 1,554,077 Ordinary Shares to be held on the terms of the trust to satisfy the vesting of options under the LTIP in the future.

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation (as retained in UK law), provides further detail.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them:

About Sumo Group - www.sumogroupplc.com 

Sumo Group's businesses provide acclaimed development, design and publishing services to the video games and entertainment industries from studios in the UK, India, Canada, the US, and Poland.

Sumo Digital, as the Group's primary business, is one of the UK's largest independent developers of AAA-rated video games, having studios in Sheffield, Newcastle, Nottingham, Leamington Spa, Warrington and Pune, India. The business has acquired three studios since IPO, which operate under their own names, BAFTA award-winning The Chinese Room in Brighton, Red Kite Games in Leeds, Lab42 in Leamington Spa and PixelAnt Games in Wroclaw, Poland. Sumo Digital provides turnkey and co-development solutions to a global blue-chip client base.

Pipeworks is an innovative, well-established, and respected US video games developer based in Eugene, Oregon. It provides full development, co-development, and live operations to premier video game publishers and other partners.

Atomhawk is a multi-award-winning visual design company, with studios in Newcastle and in Vancouver (Canada), servicing the games, film, and visual effects industries.

Secret Mode is a video games publisher, focused on delivering fresh and new gaming experiences to players and building expansive and fulfilling communities around those games. It will publish titles developed within Sumo Group and also by independent developers.