This announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

14 December 2022

Northcoders Group plc

('Northcoders' or the 'Company')

Rolls Royce contract win

Northcoders (AIM:CODE), the independent provider of training programmes for software coding, is pleased to announce that the Company's Business Solutions division has been awarded a significant new contract with R² Factory, part of Rolls Royce Group to run a developer incubator programme with a contract value of £0.45 million.  This new contract follows on from a similar programme that Northcoders ran successfully for R² Factory last year which has just finished.

During the last twelve months, Northcoders has secured multiple new contracts in its Business Solutions division, with KPMG and EMaC Ltd, among others.

Chris Hill, CEO of Northcoders Group plc, said: "We are really pleased that R² Factory and Rolls Royce have renewed their contract with our Business Solutions division for another year and this type of recurring business is testament to the high quality service that we provide for our clients. The developer incubator programme that we are running for them is the same as last year but with a different team made up of four junior and one senior developers.

"The continued success of our Developer Incubator programme within the Business Solutions division is key to the sustained growth of the business as we move into developing our new technical areas and continue in our mission to provide the UK with the technologists it needs while creating life-changing opportunities for individuals from all walks of life."

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Notes to Editors

Northcoders is a market leading provider of coding and software development training for businesses and individuals.  Founded in 2015, its business model operates a hybrid structure with a flagship site in Manchester and other sites in Leeds, Birmingham and Newcastle supported by a proven digital offering to support its students across the UK.

Powered by IP rich technology, Northcoders' coding school offers boot camp courses to individuals from a range of backgrounds, delivered through virtual and physical learning.  The Group also works with blue chip corporates across multiple sectors to supply innovative EdTech solutions for the upskilling and reskilling of employees, and is also a registered provider of government-backed apprenticeships in the field.

With a keen focus of inclusivity, diversity and quality at its core, Northcoders aims to address the digital skills gap in the UK to meet the increasing demand for digital specialists from businesses and public agencies. It operates in a significant and growing market with structural growth trends further accelerated by Covid-19.

Northcoders was admitted to trading on AIM in July 2021 with the ticker CODE.L.  For additional information please visit www.northcodersgroup.com.