Transaction in Own Shares

VECTURA GROUP PLC (the "Company")

Vectura Group announces Transaction in Own Shares

Chippenham, UK - 10 January 2020: Vectura Group plc (Vectura or the Group - LSE: VEC) today announces that J.P. Morgan Securities plc purchased on behalf of Vectura the number of ordinary shares of £0.000271 each on the London Stock Exchange as set out in the table below (the Repurchased Shares) pursuant to the Vectura share buyback and cancellation programme announced on 10 September 2019 (the Buyback Programme).

Date of purchase: 9 January 2020

Number of ordinary shares purchased: 8,359

Highest price paid per ordinary share: 98.0000p

Lowest price paid per ordinary share: 97.0000p

Volume weighted average price paid per ordinary share: 97.4352p

Application will be made for the Repurchased Shares to be cancelled. Following the cancellation of the Repurchased Shares, the total number of ordinary shares with voting rights will be 611,062,789 which may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Vectura under the FCA's Disclosure Guidance and Transparency Rules. Vectura holds no shares in treasury.

Vectura will make further announcements following the completion of any additional purchases pursuant to the Buyback Programme.

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation), the schedule below contains detailed information about the purchases made by J.P. Morgan Securities plc on behalf of Vectura as part of the Buyback Programme.

Both aggregate data in respect of the Repurchased Shares as well as the individual purchases are set out below.

Aggregate information:

Issuer name and ISIN: Vectura Group plc (ISIN: GB00BKM2MW97)

Date of purchases: 9 January 2020

Number of ordinary shares purchased: 8,359

Volume weighted average price (pence): 97.4352p

Individual transactions:

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