Grant of Options and Director Shareholding

15 April 2021

Northbridge Industrial Services Plc

("Northbridge" or the "Group")

Grant of Options

and

Director Shareholding

The Group announces that Ian Gardner (Tasman Managing Director) was today granted options in the Unapproved Share Options Scheme over a total of 30,000 ordinary shares of 10p each.

The exercise price is 100 pence per share option representing the closing mid-market price per ordinary share on the day preceding the release of this announcement, and the exercise period is between 15 April 2024 and 15 April 2031.

Following this grant of options, Ian now holds options in the Unapproved Share Option Scheme over 226,000 ordinary shares.

Apart from the above grant, Ian's holding of ordinary shares and share options remains unchanged and as previously announced.

-Ends-

For further information

Northbridge Industrial Services Plc 01283 531645

Peter Harris, Executive Chairman

Iwan Phillips, Finance Director

Shore Capital (Nominated Adviser and Broker) 020 7408 4050

Robert Finlay / Antonio Bossi / Henry Willcocks

Buchanan Communications 020 7466 5000

Charles Ryland / Stephanie Watson

About Northbridge:

Northbridge Industrial Services plc hires and sells specialist industrial equipment. With offices or agents in the UK, USA, The Middle East, Belgium, Germany, France, Australia, New Zealand, Singapore, China and South Korea, Northbridge has a global customer base. This includes utility companies, renewables, the oil and gas sector, data centres, shipping, banking, mining, construction and the public sector. The product range includes loadbanks, transformers, and drilling tools. Northbridge was admitted to AIM in 2006 since when it has grown by providing a high level of service, responsiveness and flexibility to customers.