Further Irrevocable Undertakings & CFO Resignation

Resignation of Chief Financial Officer and

Appointment of Acting Chief Financial Officer

As announced on 17 October 2023, the Company has convened a meeting of its Shareholders (the "Extension EGM") to be held on 25 October 2023 for the purpose of considering and, if thought fit, voting to approve the proposed Extension by way of an amendment to the Memorandum and Articles of the Company, all as described in the Shareholders Circular and Notice of Extraordinary General Meeting of Shareholders published by the Company on the same day (the "Extension EGM Circular").

Additional Irrevocable Undertakings to Vote in Favour of the Extension

Since the publication of the Extension EGM Circular, the Company has received additional irrevocable undertakings to vote in favor of the Extension. As a result, the Company holds as at the time of this announcement irrevocable undertakings from existing Shareholders (including the Co-Sponsors) to vote their Shares in favour of the Extension representing 29.5% of the total outstanding Shares entitled to vote at the Extension EGM.

Resignation of the Chief Financial Officer and Appointment of Acting Chief Financial Officer

After the publication of the Extension EGM Circular, and reflecting on the time commitment associated with the Extension, Ms. Carole Whittall has decided to tender her resignation from her position of Chief Financial Officer to the Company, effective 20 October 2023, to pursue other opportunities. Ms. Whittall is not a member of the Board, which remains unchanged.

Nick Box, the Company's Financial Controller, will act as Acting Chief Financial Officer until further notice.

Further announcements will be made in due course. All capitalized terms used but not defined in this announcement have the meaning given to them in the Extension EGM Circular.