ALM.L Regulatory News (ALM)

Directorate Change

Boston, MA ( 27 October 2022) - Allied Minds PLC ("Allied Minds" or the "Company") today announces changes to the board of directors.

Following the announcement on 7 October 2022 that the Company has posted a circular to its shareholders proposing a delisting and containing information on the intended appointment of an additional non-executive director, Mr Juan Morera, nominated for appointment to the board by Crystal Amber Fund Limited, the Company now updates that Mr Juan Morera has been appointed to the board of directors of the Company with effect from 26 October 2022.

Mr Morera is a CFA qualified investment analyst with over 10 years' experience, currently working as an analyst and Assistant Fund Manager at Crystal Amber Advisers. Prior to this he was an Investment Analyst at Wills Towers Watson. Mr Morera holds an MSc in Politics of the World Economy from the London School of Economics and Political Science and a BA in Politics and Public Policy from Universitat Pompeu Fabra, Barcelona. Mr Morera is a non-executive director of the Hurricane Energy plc.

Other than as set out in this announcement there are no further disclosures required under paragraph 9.6.13R of the Listing Rules. This announcement has been made in accordance with Listing Rules 9.6.11 R and 9.6.13R.

ENDS

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About Allied Minds

Allied Minds plc is an IP commercialisation company focused on early stage company development within the technology sector. With origination relationships that span US federal laboratories, universities, and leading US corporations, Allied Minds historically created, and now operates and funds, a portfolio of companies to generate long-term value for its investors and stakeholders. Based in Boston, Allied Minds supports its businesses with capital, management, expertise and shared services. For more information, please visit www.alliedminds.com.