Directorate Change

Yellow Cake, a specialist Group operating in the uranium sector, holding physical uranium (“U3O8”) for the long term and engaged in uranium-related commercial activities, is pleased to confirm the appointment of Wendy Walker as a non-executive director with effect from 16 October 2026.

Wendy Walker is a Senior Client Director at Langham Hall Fund Management (Jersey) Limited, having joined the firm in 2020. She is a member of the Jersey Senior Management Team and is responsible for overseeing fund administration services across private equity, real estate and other fund structures, including client relationships, governance, regulatory compliance and the delivery of key client obligations.

Ms Walker is a qualified lawyer with extensive corporate and finance experience, having previously worked as a Senior Associate at Ogier LLP in London and Jersey. She has particular expertise in equity capital markets, real estate and structured finance, cross-border M&A and corporate restructuring, and has acted as a director across a broad range of companies in multiple asset classes and jurisdictions.

Ms Walker’s appointment follows the resignation of Zoe Rizzuto as an independent non-executive director with effect from 16 October 2026. The Board would like to take this opportunity to express its sincere gratitude to Zoe for her contribution to Yellow Cake.

Ms Walker brings valuable expertise, particularly in governance, compliance, and the Jersey regulatory environment, along with extensive knowledge of asset management and administration. Her insights are expected to enhance Board discussions and provide objective scrutiny and constructive challenge to both management and fellow directors.

Wendy Walker is a Senior Client Director at Langham Hall Fund Management (Jersey) Limited. Langham Hall provides administration services to the Group, which will include the services of Ms Walker. In light of the Group’s business relationship with Langham Hall, Ms Walker will not be classified as independent for the purposes of the UK Corporate Governance Code. Ms Walker will not serve on the Company’s audit, remuneration, or nomination committees.

Wendy Antoinette Walker (aged 54) has held the following directorships and/or partnerships in the past five years:

Ms Walker was a director of Selina Sound Ventures GP Limited, a Jersey incorporated entity which was struck off the Jersey companies register. Ms Walker was not a director of any other entity within the wider Selina group, which subsequently entered administration and liquidation.

Other than the information disclosed above, there are no matters to be disclosed under Rule 17 and paragraph (g) of Schedule 2 of the AIM Rules.