Ocado Group PLC has announced the granting of awards under the Ocado Performance Share Plan 2024 (PSP) to several Persons Discharging Managerial Responsibilities (PDMRs). The PSP was approved by the Company's shareholders at the Annual General Meeting on 29 April 2024. The awards were granted in the form of nil-cost options over ordinary shares in the Company. The Directors and PDMRs who received these awards include Tim Steiner, CEO; Mark Richardson, CEO of Ocado Intelligent Automation; Stephen Daintith, Chief Financial Officer; and James Matthews, CEO of Ocado Technology.

Tim Steiner was granted 3,990,760 nil-cost options, Mark Richardson was granted 613,266, Stephen Daintith was granted 872,534, and James Matthews was granted 759,020. These grants were made outside a regulated market on 16 May 2024. The details of each Director's other interests in shares and share awards are available in the Company's annual report and accounts for the 53 weeks ended 3 December 2023, unless amended by a subsequent announcement.

This announcement is made in accordance with Article 19 of the Market Abuse Regulation (EU) No 596/2014. The Company's Notice of Annual General Meeting dated 29 February 2024 provides a summary of the principal terms of the PSP. The awards are part of the Company's efforts to incentivize and reward its key management personnel for their contributions to the Company's performance and growth.