Directorate Change

Tekmar Group plc (AIM: TGP), a leading provider of technology and services for the global offshore energy markets, announces the appointment of two Non-Executive Directors, Lars Bondo Krogsgaard and David Kemp, effective 12 August 2024. In light of these appointments, Ian Ritchey steps down from the Tekmar Board with immediate effect and Julian Brown will step down on 30 September 2024.

Lars brings considerable wind industry experience and an extensive track record leading global organisations for over 20 years, including publicly listed companies. He has a wealth of experience across wind turbine manufacturing and supply chain activities, renewable energy project development and engineering and technology companies. Previously, Lars was the Onshore CEO at Siemens Gamesa Renewable Energy, a listed Spanish wind turbine manufacturer with c.€10.2 billion in revenues. Prior to his role with Siemens, Lars was the Co-CEO at MHI Vestas Offshore Wind, and member of the Management Board and CEO of Nordex, a listed German wind turbine manufacturer.

David is an accomplished and experienced FTSE 250 CFO with a strong track record leading diverse global teams. He has broad experience in strategy development and implementation, M&A, business performance, transformation and turnaround. Most recently, David was Group CFO at John Wood Group Plc ("Wood Group"), a global engineering and consulting company with over 35,000 professionals in over 60 countries with revenue of c.US$6 billion where he served for over a decade. At Wood Group, David had a leadership role in transforming the group from an oil and gas dominated unintegrated group to a global multi-sector engineering and consultancy business. He was involved in extensive capital raisings, with over US$4 billion raised across public and private markets and M&A, where he executed over US$3 billion of acquisitions. Prior to his role at Wood Group, David was Group CFO of Jersey Oil and Gas plc, an AIM-quoted exploration company from 2011 to 2013.

Steve Lockard, Chairman of Tekmar Group said: "I am delighted to welcome Lars and David to the Tekmar Board. Both are proven and highly accomplished business leaders who bring considerable industry and financial markets experience alongside valuable skill-sets and insight in scaling global businesses. It is a marker of the ambition we have for Tekmar, and of the opportunity we have ahead, to have individuals of this pedigree joining the Board. I look forward to working with Lars and David, and my fellow directors and colleagues at Tekmar, as we execute the critical phase ahead of us to drive value creation.

I'd like to thank Julian and Ian for their contribution to the business and we wish them every success in their future endeavours."

Julian Brown added: "On behalf of Ian and myself, we would like to thank our colleagues at Tekmar for the steadfast commitment they have given to the business, particularly in navigating the external challenges of recent years."

Additional Information on the Board Appointments

The following additional information is provided with regards to the appointment of Lars Bondo Krogsgaard, aged 58, in accordance with AIM Rule 17 and Schedule 2(g) of the AIM Rules for Companies:

Stiesdal A/S

Stiesdal Hydrogen A/S*

Stiesdal Skyclean A/S*

Stiesdal Offshore A/S*

Lars Bondo Krogsgaard Holding ApS

Solutio ApS**

*Subsidiary of Stiesdal A/S

** Subsidiary of Lars Bondo Krogsgaard Holding ApS

Other disclosures:

The following companies were liquidated during the director's tenure:

• A/S Brandts Ventures
• BC AF 21. DECEMBER 2001 A/S
• INCORP A/S
• E-NOVASION A/S

The following companies were liquidated within 12 months of the director's resignation:

• MARIENHOF BUSINESS INFORMATION A/S
• E-MEDIA DEVELOPMENT A/S
• MOC2 APS
• ADMINISTRATIONSSELSKABET AF 1999 APS
• EBIZ APS
• LIKVIDATOR SELSKABET AF 4. JANUARY 2002 A/S

All of the above liquidations took place in 2001 and 2002 and relate to the director's role at A/S Brandts Ventures, a Copenhagen based internet venture capital company.

There are no further disclosures required to be made in respect of the appointment of Mr Lars Bondo Krogsgaard under AIM Rule 17 and Schedule 2(g) of the AIM Rules for Companies.

The following details in relation to the appointment of Mr David Miller Kemp, aged 54, are disclosed in accordance with AIM Rule 17 and Schedule 2(g) of the AIM Rules for Companies:

*Subsidiary of John Wood Group PLC

There are no further disclosures required to be made in respect of the appointment of Mr David Miller Kemp under AIM Rule 17 and Schedule 2(g) of the AIM Rules for Companies.