Innovation Agreement with Gerdau Graphene

Haydale (AIM: HAYD) a leading innovator in advanced materials and nanotechnology, is pleased to announce a new contract agreement with Gerdau Graphene, a Gerdau Next company, Gerdau's new business unit, created with the aim of diversifying the company's portfolio with products and services in several segments adjacent to steel.

Gerdau Graphene focuses on the development, industrialisation and commercialisation of chemical additives, mineral additions and masterbatches with carbon-based nanomaterials, such as graphene.

Strategic Partnership and Market Potential

This collaboration between HAYDALE and Gerdau Graphene, will facilitate the development of graphene infused product lines and synergy between the advanced materials.

Keith Broadbent, CEO of Haydale, commented: "We are thrilled to enter this transformative partnership with Gerdau Graphene. Our Functionalised graphene technology represents a breakthrough in enhanced efficiency, and this deal underscores our commitment to leveraging our nanomaterial expertise for impactful innovation and positive environmental solutions. This collaboration not only enhances our market position but also contributes meaningfully to global sustainability efforts."

Valdirene Peressinotto, Executive and Innovation Director at Gerdau Graphene, said: "We hope Haydale will provide a unique solution for us and we look forward to working with their team in the UK to find these improvements in our product offering".

About Gerdau

With 123 years of history, Gerdau is the largest Brazilian steel producing company and one of the main suppliers of long steel in the Americas and special steel in the world. In Brazil, it also produces flat steel, as well as iron ore for its own consumption. In addition, it has a new business division, Gerdau Next, with the aim of undertaking operations in segments adjacent to steel. With the purpose of empowering people who build the future, the company is present in several countries and has more than 30 thousand direct employees in all its operations. The largest recycler in Latin America, Gerdau uses scrap as an important raw material: 71% of the steel it produces is made from this material. Every year, 11 million tons of scrap are transformed into various steel products. The company is also the largest producer of charcoal in the world, with more than 250 thousand hectares of forestry in the state of Minas Gerais. As a result of its sustainable production matrix, Gerdau currently has one of the lowest average greenhouse gas emissions (CO₂e), at 0.86 t of CO₂e per ton of steel, which represents approximately half the global average sector, 1.91 t of CO₂e per ton of steel (worldsteel). For 2031, Gerdau's goal is to reduce carbon emissions to 0.82 t of CO₂e per ton of steel. Gerdau shares are listed on the São Paulo (B3) and New York (NYSE) stock exchanges.

Caution regarding forward looking statements