Grant of 2024 SAYE Options

18 October 2024

The Gym Group plc

(the "Company")

Grant of options under the Company's Save As You Earn Scheme

The Company is pleased to announce that it has launched the 2024 Save As You Earn Scheme (the "2024 SAYE Scheme") for all eligible employees.

Eligible employees were invited to subscribe for options ("Options") over the Company's ordinary shares of 0.01 pence each ("Ordinary Shares") which have been granted at an exercise price of £1.28 per Ordinary Share in accordance with the terms of the 2024 SAYE Scheme. The Options were issued on 18 October 2024 and will normally be exercisable from 1 December 2027 for six months.

67 employees have elected to participate in the 2024 SAYE Scheme and as a result, Options over a total of 166,486 Ordinary Shares have been granted in respect of the 2024 SAYE Scheme, representing 0.09% of the Company's issued share capital.

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