Director/PDMR Share Options Disclosure

For Immediate Release

12 February 2024

ROGUE BARON PLC

("Rogue Baron" or "the Company")

PDMR Forms re Cancellation and Issuance of share options

Rogue Baron PLC (AQSE: SHNJ), a leading company in the premium spirit sector, hereby provides the PDMR forms, further to the announcement of 9 February 2024, whereby director share options were cancelled and replaced.

The Directors of the Company accept responsibility for the contents of this announcement.

For further information, please contact:

Ryan Dolder

[e-mail]

Aquis Corporate Adviser:

Peterhouse Capital Limited

Guy Miller [phone]

Aquis Corporate Broker:

Peterhouse Capital Limited

Lucy Williams [phone]

Joint Broker:

Clear Capital Limited

Bob Roberts [phone]

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Charlie Wood
2	Reason for the notification
a)	Position/status	Non-Executive Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Rogue Baron Plc
b)	LEI	2138009XFT53PKLIH113
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Replacement of Share Options over Ordinary shares of 0.1 pence each in Rogue Baron Plc Identification code (ISIN) for Rogue Baron Plc ordinary shares: GB00BKPJXC41
b)	Nature of the transaction	Award of Share Options over new Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) £0.005 400,000
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	9 February 2024
f)	Place of the transaction	Aquis Growth Market

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Hamish Harris
2	Reason for the notification
a)	Position/status	Executive Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Rogue Baron Plc
b)	LEI	2138009XFT53PKLIH113
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Replacement of Share Options over Ordinary shares of 0.1 pence each in Rogue Baron Plc Identification code (ISIN) for Rogue Baron Plc ordinary shares: GB00BKPJXC41
b)	Nature of the transaction	Award of Share Options over new Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) £0.005 5,000,000
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	9 February 2024
f)	Place of the transaction	Aquis Growth Market

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Ryan Dolder
2	Reason for the notification
a)	Position/status	Managing Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Rogue Baron Plc
b)	LEI	2138009XFT53PKLIH113
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Replacement of Share Options over Ordinary shares of 0.1 pence each in Rogue Baron Plc Identification code (ISIN) for Rogue Baron Plc ordinary shares: GB00BKPJXC41
b)	Nature of the transaction	Award of Share Options over new Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) £0.005 2,000,000
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	9 February 2024
f)	Place of the transaction	Aquis Growth Market

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Tomoya Daimon
2	Reason for the notification
a)	Position/status	Non-Executive Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Rogue Baron Plc
b)	LEI	2138009XFT53PKLIH113
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Replacement of Share Options over Ordinary shares of 0.1 pence each in Rogue Baron Plc Identification code (ISIN) for Rogue Baron Plc ordinary shares: GB00BKPJXC41
b)	Nature of the transaction	Award of Share Options over new Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) £0.005 400,000
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	9 February 2024
f)	Place of the transaction	Aquis Growth Market

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