Completion, Update and Appointment of Advisers

Directorate changes,

Update on Placing and

Appointment of Nominated Adviser and Joint Broker

Further to its announcement on 28 February 2024, Verditek plc (AIM: VDTK) announces completion of the disposal of its solar business, Verditek Solar Italy srl, the resignation with immediate effect of The Rt Hon. Lord David Willetts, Robert Richards and George Katzaros and the appointment of Bob Holt and John Charlton as directors of the Company. Further details pursuant to AIM Rule 17 and Schedule Two (g) of the AIM Rules for Companies are set out below.

The Company is now regarded as an AIM Rule 15 cash shell, having ceased to own, control, or conduct all or substantially all, of its existing trading business, activities, or assets. The Company will therefore, within 6 months, need to make an acquisition or acquisitions which constitute a reverse takeover under AIM Rule 14, failing which trading in the Company's shares on AIM will be suspended. Should the Company's shares remain suspended from trading for 6 months, admission of the Company's shares to trading on AIM will be cancelled under AIM Rule 41.

Update on Placing

Further to its announcement on 28 February 2024, the Company announces that, while the proceeds of the placing have been received, for technical reasons, it is not yet in a position to issue the new shares and therefore admission of 400 million new ordinary shares in the capital of the Company (the "Placing") to trading on AIM ("Admission") will not take place as expected at 8.00 a.m. on 1 March 2024. It is expected that the new shares will be issued and Admission will take place early next week. A further announcement will be made in due course. Taking into account receipt of the net proceeds of the Placing, the Company confirms that it has sufficient working capital for six months from the date of this announcement.

Appointment of Nominated Adviser and Joint Broker

The Company also announces the appointment of Shore Capital and Corporate Limited as its Nominated Adviser and Shore Capital Stockbrokers Limited as its Joint Broker with immediate effect. WH Ireland will continue as Joint Broker to the Company.

Appendix - AIM Rule 17

Bob Holt

Save for the information set out below, there are no further disclosures to be made in accordance with Rule 17, Schedule Two (g) of the AIM Rules in respect of the appointment of Robert "Bob" Holt, aged 69. Bob does not hold an interest in the Company's share capital.

Current Directorships/Partnerships

Airfriendly Limited

Business Strategy LLP

Coal Hole Limited

Global Trees

Leadership Today Limited

Nylah's Enterprises Limited

The Logical Utilities Company Limited

Past Directorships/Partnerships (within 5 years)

Arbed Am Byth Limited

Revolution Beauty Group Plc

Revolution Beauty Holdings Limited

Revolution Beauty Labs Limited

Revolution Beauty Limited

Revolution Beauty Nominees Limited

Revolution Beauty UK Holdco Limited

Seneca Partners Limited

Senone LLP

Sureserve Compliance Services Limited

Sureserve Design & Build Limited

Sureserve Energy Services Limited

Sureserve Group Limited

Sureserve Holdings Limited

Sureserve VGS Limited

The Mears Foundation

Totally Plc

In addition, Bob is Trustee and Chair of The Footprints Foundation and The Holt Trust.

John Charlton

Save for the information set out above and below, there are no further disclosures to be made in accordance with Rule 17, Schedule Two (g) of the AIM Rules in respect of the appointment of John Charlton aged 67. John does not hold an interest in the Company's share capital.

John Charlton is not currently a director of any companies.

Past Directorships/Partnerships (within 5 years)

Aaron Heating Services Limited

Aaron Services Limited

Bury Metering Services Limited

Business Strategy LLP

CorEnergy Limited

Everwarm Limited

FJ Jones Heating Engineers Limited

FJ Jones Holdings Limited

H2O Nationwide Limited

Just Energy Solutions Limited

K&T heating services limited

PLS GRP Limited

PLS Holdings Limited

PLS Industries Limited

Precision Lift Services

Providor Limited

Rowan Lodge Consultants Limited

Smart Metering Limited

Speedfit Limited

Sure aintenance Group Limited

Sure Maintenance Limited

Sureserve Compliance Services Limited

Sureserve Design and Build Limited

Sureserve Energy Services Limited

Sureserve Fire and Electrical Limited

Sureserve Holdings Limited

Sureserve Property Investments Limited

Sureserve VGS Limited

Vinshire Gas Services Limited

In addition, John Charlton is Trustee of The Sureserve Foundtion.