Notice of Extraordinary General Meeting & Circular

3 December 2020

IWG plc

("IWG" or the "Company")

Notice of Extraordinary General Meeting and Circular

Further to the Company's announcements regarding the Convertible Bond Offering on 2 December 2020, IWG announces that it will today publish and post (or otherwise make available) to shareholders a Notice of Extraordinary General Meeting with related explanatory circular (together the "EGM Notice and Circular"). The EGM Notice and Circular contains resolutions to approve the allotment and issue of Ordinary Shares on a non pre-emptive basis for the purpose of settling conversions of the Bonds, which will be put to shareholders at an extraordinary general meeting of the Company (the "EGM").

In accordance with Listing Rule 9.6.1, a copy of the EGM Notice and Circular has been submitted to the National Storage Mechanism and will shortly be available to view at https://data.fca.org.uk/#/nsm/nationalstoragemechanism and on the Company's website: www.iwgplc.com.

The EGM will be held at 9.30 a.m. (Luxembourg time) 8.30 a.m. (UK time) on 21 December 2020 at Spaces, 53 Boulevard Royal, 2449 Luxembourg. However, in light of current social distancing measures and other guidance relating to the current outbreak of COVID-19, the EGM will be run as a closed meeting and shareholders will not be permitted to attend in person. Please refer to the EGM Notice and Circular for details on how to vote by proxy.

Capitalised terms used but not defined in this announcement have the meanings set out in the Company's announcements regarding the Convertible Bond Offering on 2 December 2020.

ENQUIRIES:

IMPORTANT NOTICE

THE EGM NOTICE AND CIRCULAR DOES NOT CONSTITUTE AN INVITATION OR OFFER TO SELL OR EXCHANGE, OR THE SOLICITATION OF AN INVITATION OR OFFER TO BUY OR EXCHANGE, ANY SECURITY OR TO BECOME A MEMBER OF THE COMPANY. NONE OF THE SECURITIES REFERRED TO IN THE EGM NOTICE AND CIRCULAR SHALL BE SOLD, ISSUED, SUBSCRIBED FOR, PURCHASED, EXCHANGED OR TRANSFERRED IN ANY JURISDICTION IN CONTRAVENTION OF APPLICABLE LAW.

NO ACTION HAS BEEN TAKEN BY THE COMPANY OR ANY OF ITS AFFILIATES THAT WOULD PERMIT AN OFFERING OF THE BONDS OR POSSESSION OR ANY OFFERING OR PUBLICITY MATERIAL RELATING TO THE BONDS IN ANY JURISDICTION WHERE ACTION FOR THAT PURPOSE IS REQUIRED.

THIS PRESS RELEASE IS NOT AN OFFER TO SELL SECURITIES OR THE SOLICITATION OF ANY OFFER TO BUY SECURITIES, NOR SHALL THERE BE ANY OFFER OF SECURITIES IN ANY JURISDICTION IN WHICH SUCH OFFER OR SALE WOULD BE UNLAWFUL.

INDIVIDUALS WHO ARE IN ANY DOUBT ABOUT THE CONTENTS OF THIS PRESS RELEASE SHOULD CONSULT THEIR STOCKBROKER, BANK MANAGER, SOLICITOR, ACCOUNTANT OR OTHER FINANCIAL ADVISER. IT SHOULD BE REMEMBERED THAT THE PRICE OF SECURITIES AND THE INCOME FROM THEM CAN GO DOWN AS WELL AS UP.