Haydale US sales process update

Ammanford, 7 March 2025 - Haydale (AIM: HAYD), the advanced materials group, announces that, further to the Group's announcement of 10 February 2025 regarding filings in court in the state of Georgia (the "Court") to place its wholly owned subsidiary, Haydale Ceramic Technologies LLC, ("HCT") into a corporate insolvency process under Chapter 11 subchapter V of the United States ("US") Bankruptcy Code, on 6 March 2025 the Court approved a motion setting out, amongst other things, the process and timetable for a public auction of the business and assets of HCT. Initial bids and deposits are invited in accordance with the process up to 5.00 pm local time in Atlanta, Georgia on 7 April 2025. The auction is then expected to be held on 15 April 2025 with a final sales hearing (providing Court approval of the prevailing bid) expected on 16 April 2025. Enquiries from parties interested in participating should be addressed to wgeer@rlkglaw.com or patrick.carter@haydale.com.

Further announcements will be made at the appropriate time.