Accsys Tech Regulatory News (AXS)

AIM: AXS

NYSE Euronext Amsterdam: AXS

28 November 2014

ACCSYS TECHNOLOGIES PLC

("Accsys" or the "Company")

BOARD APPOINTMENTS

Accsys, the chemical technology group, is delighted to announce the appointment of Sue Farr and Sean Christie as Non-Executive Directors of the Company with effect from 27 November 2014.

Sue Farr is a highly experienced marketing and communications professional and has been part of the executive management team at Chime Communications plc since 2003. Prior to that, she was Europe MD of leading PR firm, Golin Harris, the BBC's first ever Director of Marketing and Communications, and Director of Corporate Affairs for Thames Television.

She is also a Non-Executive Director of Dairy Crest Group plc and Millennium & Copthorne Hotels plc, a former Non-Executive Director of Motivcom plc and a former Trustee of the Historic Royal Palaces from 2007-2013.

Sue has been Chairman of both the Marketing Group of Great Britain and The Marketing Society. She was voted Advertising Woman of the Year in 1997 and awarded an Honorary Doctorate by the University of Bedfordshire in 2010.

Sean Christie is currently Group Finance Director of Croda International plc, a global manufacturer of speciality chemicals. He is a Non-Executive Director of Applied Graphene Materials plc and Eminate Limited, a wholly owned subsidiary of The University of Nottingham.

Prior to joining Croda in 2006, Sean was Group Finance Director of Northern Foods plc. He also served as a Non-Executive Director of KCOM Group plc until 2007 and of Cherry Valley Farms Limited until its sale in 2010.

Sean is also a Fellow of both the Chartered Institute of Management Accountants and the Association of Corporate Treasurers. He has extensive knowledge of all aspects of finance and strategy in major businesses and is an experienced Audit Committee Chairman.

Both Sue and Sean have also been appointed to both the Nomination and Remuneration Committee and Audit Committee of the Company, with Sean Christie taking over the Chair of the Audit Committee with immediate effect.

Accsys' Chairman, Patrick Shanley commented:

"I am delighted to welcome Sue and Sean to the Board. Their appointments add strength and diversity to our current Board of Directors. The fact that we have been able to attract individuals of Sue and Sean's calibre to the Company speaks volumes about what Accsys has achieved recently and the potential of our business. I look forward to working alongside them and have no doubt they will add significant value to the Company."

The following disclosures are required regarding Mrs Farr and Mr Christie's appointments pursuant to Schedule 2 paragraph (g) of the AIM Rules for Companies:

There are no further disclosures required to be made in respect of the appointments under Schedule 2(g) of the AIM Rules for Companies.

Ends

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Notes to editors:

Accsys Technologies PLC(www.accsysplc.com) is a chemical technology group whose primary focus is on the production of Accoya® wood and technology licensing via its subsidiary, Titan Wood Limited, which has manufacturing operations in Arnhem, the Netherlands (through its subsidiary Titan Wood B.V.), a European office in Windsor, United Kingdom, and an American office in Dallas, Texas (via its subsidiary Titan Wood, Inc). All group subsidiaries are ultimately 100% owned by Accsys and trade as Accsys Technologies. Any references in this announcement to agreements with Accsys shall mean agreements with either Accsys or its subsidiary entities unless otherwise specified. Accsys Technologies PLC is listed on the London Stock Exchange AIM market and on Euronext Amsterdam by NYSE Euronext, under the symbols 'AXS'. Accsys' operations comprise three principal business units: (i) Accoya® wood production; (ii) technology development, focused on a programme of continuous development of and improvements to the process engineering and operating protocols for the acetylation of solid wood and the development of technology for the acetylation of wood elements; and (iii) the licensing of technology for the production of Accoya® wood and Tricoya® wood elements across the globe.

Accoya® wood (www.accoya.com) is produced using Accsys' proprietary patented acetylation technology, that effectively converts sustainably grown softwoods and non-durable hardwoods into what is best described as a "high technology wood". Distinguished by its durability, dimensional stability and, perhaps most importantly of all, its reliability (in terms of consistency of both supply and quality), Accoya® wood is particularly suited to exterior applications where performance and appearance are valued. Unlike most tropical and European hardwoods, its colour does not degrade when exposed to ultraviolet light. Moreover, the Accoya® wood production process does not compromise the wood's strength or machinability. The combination of UV resistance, dimensional stability, durability and retained strength means that Accoya® wood offers a wealth of new opportunities to architects, designers and specifiers. These benefits result in lower maintenance and total cost of ownership while using a higher sustainable and environmental responsible building material. For a full archive of Accoya® news, visit www.accoya.com/news.asp.

Tricoya® Wood Elements(www.tricoya.com) are produced using Accsys' proprietary technology for the acetylation of wood chips, and particles for use in the fabrication of wood based composites, including panel products. These composites demonstrate enhanced durability and dimensional stability which allow them to be used in a variety of applications that were once limited to solid wood or man-made products. Exploitation of Accsys' proprietary technology relating to Tricoya® Wood Elements is carried out through Tricoya Technologies Limited, a joint venture between Accsys and INEOS Industries Holdings Limited. Tricoya® Wood Elements are lauded as the first major innovation in the wood composites industry in more than 30 years.

Wood Acetylation is a process which increases the amount of 'acetyl' molecules in wood, thereby changing its physical properties. When carried out to a sufficient level throughout the wood, this process protects wood from rot by making it "inedible" to most micro-organisms and fungi, without - unlike conventional treatments - making it toxic. It also greatly reduces the wood's tendency to swell and shrink, making it less prone to cracking and ensuring that, when painted, it requires dramatically reduced maintenance.

Accsys Technologies is the trading name of Titan Wood Limited. ACCOYA®, TRICOYA® and the Trimarque Device are registered trademarks owned by Titan Wood Limited ("TWL"), a wholly owned subsidiary of Accsys Technologies PLC, and may not be used or reproduced without written permission from TWL, or in the case of the Tricoya® registered trademark, from Tricoya Technologies Limited, a joint venture between TWL and INEOS Industries Holdings Limited with exclusive rights to exploit the Tricoya® brand.