Board Changes Including Shareholder Appointment

Getech (AIM: GTC), a leading locator of subsurface resources, announces the following changes to its Board, taking effect from today.

Michael Covington has notified the Company that he has stepped down as Non-Executive Chair and as a director of the Company with immediate effect.

Emma Parker, currently an Independent Non-Executive Director, will assume the role of Interim Chair and will lead the Board while the Company undertakes a process to identify and appoint a new independent Non-Executive Chair, maintaining the Board’s commitment to strong independent oversight and effective corporate governance.

In addition, also with effect from today, Victor Gonzalez will join the Board as a Non-Executive Director. Victor has been nominated by Xcalibur Multiphysics Group, which owns approximately 25.5% of the Company's issued share capital. Victor has more than 25 years’ experience in business development, M&A and strategic consulting across international markets. He is Vice President of Business Development at Xcalibur Group and holds an Executive MBA from IE Business School and a degree in Economics from Universidad Autónoma de Madrid.

Chris Jepps, Chief Executive Officer of Getech, commented:

“On behalf of the Board, I would like to thank Michael for his contribution and support during his time as Chair. During his tenure, Michael helped return the Company to a sustainable financial footing, and the Board has valued his judgement and experience. We wish him every success in the future.

I would like to thank Emma for agreeing to take on the role of Interim Chair. Her experience and knowledge of Getech will provide important continuity for the Board while we undertake the process to appoint a new independent Chair.

I am also pleased to welcome Victor to the Board, and I look forward to working with him as we continue to pursue our growth strategy as well as explore opportunities to collaborate with Xcalibur.”

Michael Covington, Non-Executive Chair of Getech, commented:

"Having overseen the Company’s return to growth, I believe this is the right time for me to step down as Chair. Getech is well positioned, with a sustainable balance sheet, a clear strategy and a highly capable management team. I am confident that Getech is well placed to continue to grow and thrive. It has been a privilege to chair the Company through this period, and I would like to thank my fellow directors, the management team and shareholders for their support. I wish Getech every success in the future."

Additional Information:

Full name and age

Victor González Nuñez, 51