Directorate Change

Seeing Machines Limited (AIM: SEE, "Seeing Machines" or the "Company"), the advanced computer vision technology company that designs AI-powered operator monitoring systems to improve transport safety, announces that Michael Brown, a non-executive director of the Seeing Machines board since 2020 and a member of the People, Culture and Remuneration Committee, will be stepping down as a director of the Company with effect from today.

Mr Brown was the nominee director for a major shareholder, Lombard Odier, and his resignation coincides with the shareholding of Lombard Odier falling below 10% after the recent introduction of Mitsubishi Electric Mobility Corporation (MELMB) onto the Company's share register.

With the resignation of Mr Brown, the remaining non-executive directors are all considered to be independent directors. At this stage the Board does not propose to appoint another director. Mr Stephane Vedie will become a member of the People, Culture and Remuneration Committee.

Kate Hill, Chair of Seeing Machines, commented: "On behalf of my fellow Board members I'd like to thank Michael for his unwavering support of the Company and advice throughout his tenure. His insight and observations have been extremely helpful in navigating the past 5 years. Michael leaves the Board at a time when the Company has funding in place beyond the point at which we expect to become self-financing. We will continue to work with Michael and his colleagues at Lombard Odier, our second largest shareholder, and remain grateful for their support. I know they, like us, believe the upcoming regulations will represent a key moment in the Company's journey."