Certain Ordinary Shares of AO World plc are subject to a Lock-Up Agreement Ending on 7-JAN-2023. These Ordinary Shares will be under lockup for 185 days starting from 6-JUL-2022 to 7-JAN-2023.

Details:
The Company has undertaken to the Joint Bookrunners that, between the date of the Placing Agreement and 180 days after July 11, 2022 (or such later time and/or date as the Company may agree with the Joint Bookrunners) (the "Closing Date"), it will not, without the prior written consent of the Joint Bookrunners enter into certain transactions involving or relating to the Ordinary Shares, subject to certain, customary carve-outs agreed between the Joint Bookrunners and the Company.

By participating in the Placing, Placees agree that the exercise by the Joint Bookrunners of any power to grant consent to the undertaking by the Company of a transaction which would otherwise be subject to lock-up restrictions shall be within the absolute discretion of the Joint Bookrunners and that they need not make any reference to, or consultation with, Placees and that they shall have no liability to Placees whatsoever in connection with any such exercise of the power to grant consent.