Directorate Change

BATM (LSE: BVC; TASE: BVC), a global provider of advanced network infrastructure, cybersecurity and diagnostic technologies, announces that Ran Noy has resigned as Chief Financial Officer ("CFO") and a Director of the Group and that Leor ("Lior") Miles, CPA, has been appointed as CFO, both with immediate effect. To ensure a smooth transition, Ran will remain with the Group for a period of handover.

Lior brings over 15 years' experience in financial management for public and private companies operating globally primarily in the technology industry, including serving as VP Finance of BATM from 2015-2021. He has joined BATM from Kenes Group where, as Group CFO, he oversaw financial operations, including investments, cash management, risk management, insurance, M&A, taxation and financial strategy, for the global operations across 18 locations on four continents. Other experience includes being Director of Finance for Abra Information Technologies Ltd., a TASE-listed provider of IT services and solutions, and its subsidiaries in the US and Israel. He commenced his career as an accountant at PwC, where he performed company audits in accordance with US GAAP and IFRS standards.

It is expected that Lior will also be appointed to the Board of BATM subject to, in accordance with the Group's articles of association and the Israeli Companies Law, shareholder approval at a general meeting that is to be convened. The required disclosures pursuant to UK Listing Rules 6.4.8 in relation to Lior will be made in due course.

In accordance with Israeli regulation, the Group confirms that the resignation of Ran does not involve any material information that is required to be disclosed to shareholders. The business continues to progress well and no material impact is expected from the current escalation of geopolitical events in the Middle East.

• Gideon Chitayat, Chairman of BATM, said: "On behalf of the Board, I would like to thank Ran for his contribution to BATM over a period where we have transformed our business and significantly improved our operations and infrastructure. We are grateful to Ran for his role in this and we wish him all the best for the future. I would also like to welcome Lior back to BATM. He already has familiarity with our business and he returns having gained valuable experience, which we look forward to benefiting from as we move to the next stage of our development and execute on our strategy."