Directorate Change

The Board of Maintel Holdings Plc, a leading provider of cloud, network and security managed communications services, today announces a number of changes to its composition following the completion of the Company's refinancing and equity fundraising.

Stephen Beynon, Non-Executive Chair of the Company, has informed the Board of his intention to step down and retire from the Board. Stephen intends to remain as Chair until a successor is identified and an orderly transition is completed.

Stephen joined Maintel during a period of significant challenge and has chaired the Board through an important phase in the Company's development, culminating in the completion of the refinancing and fundraising. With this important milestone now achieved, Stephen believes that this is the appropriate time to hand over to a new Chair. The Board thanks Stephen for his calm leadership, independence and commitment during this period and wishes him well for the future.

Stephen Beynon said:

"It has been a privilege to serve as Chair of Maintel during an important period in the Company's development. I am pleased that we have completed the refinancing and fundraising, providing the Company with a stronger financial platform for the future and have achieved that whilst continuing to execute on the Transformation Plan. Much credit must go to CEO Dan Davies for his leadership during this period. With this important milestone achieved, I believe this is the right time for Maintel to transition to a new Chair. I remain fully committed to supporting the Board until my successor is identified and wish Maintel every success in the years ahead."

As previously announced, Angus McCaffery and Clare Bates did not seek re-election at the Company's Annual General Meeting held on 30 June 2026. Both Angus and Clare will step down on 24 July 2026.

William Ginn will join the Board as an Independent Non-Executive Director with effect from 24 July 2026. William is a highly experienced finance executive who worked closely with Maintel throughout the recent refinancing and fundraising process and therefore brings valuable knowledge of the business. The Board welcomes William to Maintel.

Following these changes, the Board will continue to review its composition, governance arrangements, and committee structures. A further announcement regarding any additional Board appointments, including the appointment of a successor Chair and any related committee changes, will be made in due course.

Full name: William Thomas Ginn

Age: 59

Shares held in the Company: No

Options held in the Company: No

Virtual Infrastructure Group Limited

Dr Ginn was appointed a director of UKCloud Ltd and its parent company, Virtual Infrastructure Group Limited, on 12 December 2013. UKCloud Ltd was a cloud services provider focused on the UK public sector. UKCloud Ltd entered administration, a process overseen by the Official Receiver and supported by the UK Government to facilitate an orderly wind-down of the business. The administration remains ongoing. Virtual Infrastructure Group Limited, which owned 100% of UKCloud Limited, is also subject to ongoing insolvency and dissolution proceedings.