Appointments of Non-Executive Directors

Nanoco Group plc (LSE: NANO), a world leader in the development and manufacture of cadmium-free quantum dots and other specific nanomaterials emanating from our technology platform, announces the appointments of Dr Jalal Bagherli and Mr Dieter May as independent Non-Executive Directors (NEDs). Both appointments add significantly to relevant industry experience and networks that the Board can draw upon as the Company continues its transition from R&D first mover to an electronics materials production company.

The appointments are in line with Nanoco's long standing commitment to recruit a new Non-Executive Director with deep sector knowledge in commercialising new technologies in relevant electronics markets. Given the high quality of candidates and their appetite to join the Group, the Board concluded that it would be highly beneficial to appoint two new NEDs.

Dr Jalal Bagherli brings broad experience of working with a number of the world's largest brands in the electronics industry. Jalal was recently appointed Co-Chair of the UK Semiconductor Advisory Panel, representing the views of the UK semiconductor industry. He was the CEO of Dialog Semiconductor plc ("Dialog") from 2005 until the successful sale of the company to Japan's Renasas in 2021. Under Jalal's leadership, Dialog became a world leader in mobile power management and connectivity products, selling to most of the major companies in the consumer electronics and mobile phone sector. His earlier career included roles as CEO of Alphamosaic and before that at Sony Semiconductor and Devices Europe as Vice President and Managing Director.

Dieter May has spent his senior executive career in transformational roles, driving profitable sales growth in high-tech industries and premium brands. Dieter was Chairman and CEO of Osram Opto Semiconductors GmbH, one of the world's leading optoelectronic components companies, participating in electronics applications such as facial and iris recognition, health monitoring, vehicle navigation, and virtual and augmented reality as well as uLED displays. As CEO, Dieter developed relationships with leading companies throughout the sector. His earlier career spanned Senior Vice President positions in semiconductor technologies (Infineon), and connected devices and digital consumer services in both mobile consumer products (Nokia) and automotive (BMW).

Dieter May will join the Board on 1 February 2024. Dr Jalal Bagherli will join the board on 5 April 2024.

Dr Christopher Richards, Chairman, said:

"We are delighted to have secured Jalal and Dieter as new NEDs, as they bring a wealth of relevant strategic, commercial, and operational experience. This spans a range of Nanoco's core global electronics end markets, including semi-conductors and sensing. Both have outstanding networks, which will strongly support our efforts to accelerate the commercialisation of our technology in a range of applications and end users.

"Jalal and Dieter have also both held senior executive roles in large scale enterprises similar to Nanoco's major customers and also in smaller businesses supplying into large global customers. Their understanding of the supply chain will substantially boost both our strategic planning and our commercial execution.

"Our ability to attract such experienced individuals to the Group reinforces that Nanoco has compelling technologies and an exciting opportunity to generate future value."

Dr Jalal Bagherli, said:

"Nanoco is an important UK based technology and production company, competing in global markets, with very exciting prospects. Its leading edge R&D and installed production capacity, supported by a validated IP portfolio in a fully funded business, form a rare and strong foundation for future growth and value generation. I'm looking forward to bringing my experience to the team".

Dieter May, said:

"I am pleased to be joining such a well resourced and innovative business at this exciting stage in its evolution. Nanoco has the technology and ability to meet the strenuous and large scale demands of some of the world's largest electronics companies as they scale production of devices incorporating cadmium free quantum dot technologies."

Disclosures required pursuant to Listing Rule 9.6.13

Other than the information disclosed above, there is no further information to disclose in accordance with LR 9.6.13 of the Listing Rules of the Financial Conduct Authority.

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