Directorate Change

ValiRx plc (the "Company") (AIM: VAL), a life sciences company focusing on early-stage cancer therapeutics and women's health, is pleased to announce that, further to the announcements of 29 February and 19 March 2024, the Company has appointed Martin Gouldstone and Adrian de Courcey as Non-executive Directors with immediate effect, following completion of standard regulatory due diligence. In addition, Ray Horn has been appointed as a Board observer.

Director Appointments

Adrian de Courcey

Adrian de Courcey is a business executive with experience in both corporate and entrepreneurial environments in the UK and internationally. He began his career with KPMG and held strategy roles with Shell and Johnson & Johnson, with experience within the SME sector and built a transportation business. Adrian graduated from the University of Warwick and obtained an MBA from the University of Cambridge in 2020.

Pursuant to Rule 17 and Schedule 2(g) of the AIM Rules for Companies, the following information is disclosed in respect of Adrian Michael Patrick de Courcey (aged 46):

Tydfil Training Consortium Limited

1 Adrian de Courcey was appointed as a director of Mike De Courcey Travel Limited on 1 July 2006. On 3 August 2021 the company was placed in a creditors voluntary liquidation. The liquidation process is ongoing.

2 Adrian de Courcey was appointed as a director of West Midlands Transport Information Services Limited on 5 October 2011. On 21 September 2018 the company appointed a voluntary liquidator to conduct a members voluntary liquidation. The Company was dissolved 30 November 2021 with no creditor shortfall.

Adrian de Courcey holds 871,036 ordinary shares and 22,955 warrants over new ordinary shares in the Company.

There is no further information regarding Adrian de Courcey required to be disclosed under the AIM Rules.

Martin Gouldstone

Martin is currently CEO of Oncimmune Holdings plc and has 30 years of corporate finance and business development experience in contract research organisations, healthcare and pharmaceutical sectors. Previously, Martin was a Global Senior Vice President of Business Development at Owkin, Inc., where he managed the commercial teams in the USA and Europe and led new strategic research partnerships. More recently, Martin was Chief Business Officer at Sensyne Health; Global Senior Vice President and Head of Capital Solutions for Syneos Health; Chief Business Officer at BenevolentAI.

Pursuant to Rule 17 and Schedule 2(g) of the AIM Rules for Companies, the following information is disclosed in respect of Martin John Gouldstone (aged 57):

Novara Therapeutics Limited

Oncimmune Holdings PLC

Sempiternum Ltd

Martin Gouldstone does not hold any ordinary shares or warrants over new ordinary shares in the Company.

There is no further information regarding Martin Gouldstone required to be disclosed under the AIM Rules.

Additional Updates

Further to the announcement of 4 March 2024, in the interest of ensuring a proportionate number of non-executive directors following today's appointments and taking into account the Company's size, Luke Cairns has advised, and the Company has agreed, that he will not be joining the board as a non-executive director at this time.

Ray Horn has been appointed as a Board observer with immediate effect.

Kevin Cox, Chairman commented: "I am pleased that Adrian and Martin have joined the Board of ValiRx as the first step towards establishing a new management team. I look forward to their participation and providing commercial expertise to help guide the Company. I would also like to thank Luke for his time and efforts in working with us during this time of transition."