Notification and public disclosure of transactions by persons discharging managerial responsibilities ('PDMR') and persons closely associated with them

TP ICAP plc (the "Company") hereby notifies the market of the following notifications from PDMR, relating to the grant of awards over ordinary shares of the Company (the "Company Shares") under the rules of the TP ICAP plc Bonus Plan for Executive Directors (the "Bonus Plan") and the TP ICAP plc Long-Term Incentive Plan (the "LTIP") (together the "Plans").

The number of Company Shares that will vest on the Normal Vesting Date are subject to the Rules of the applicable Plan. The Normal Vesting Date is the nearest working day to the third anniversary of the date of grant, i.e. 30 March 2023. Any portion of the award that does not meet the vesting conditions will lapse. The notifications were made under article 19 of the EU Market Abuse Regulation ("MAR").

In line with our standard approach, the number of Company Shares awarded is based on the closing Share price on the London Stock Exchange on 27 March 2020 of £3.4648, discounted from the spot rate at grant, reflecting the absence of dividend equivalents during the deferral period.

While the share price has trended lower recently due to various global factors, we believe that these are mostly not specific to the Company. It is also noted that under the Plans, the Committee has full discretion to ensure that the final outcomes are warranted based on the performance of the Company in light of all relevant factors and that there have not been any windfall gains.

For further enquiries, please contact Richard Cordeschi, Group Company Secretary.