Carclo Regulatory News (CAR)

7 June 2022

Carclo plc

("the Company")

Directorate Change

Appointment of Interim Consultant

The Board of Carclo plc announces that with immediate effect, Frank Doorenbosch, a Non-Executive Director, has been appointed as a consultant to the Group for a period of up to 12 months, and accordingly will become an Executive Director for that period. Frank will focus on assisting the Carclo Technical Plastics division to improve its operational effectiveness in the face of rapidly increasing demand coupled with current supply chain challenges.

During this consultancy period Frank will temporarily step down from all Board Committees (Audit, Remuneration and Nomination) and Joe Oatley, the Senior Independent Non-Executive Director, will act as Chair of the Remuneration Committee in place of Frank. All Board Committees will continue to operate in accordance with the UK Corporate Governance Code and to meet the requirements for a majority of independent directors on each Committee.

Frank will waive his right to receive his Non-Executive Directorship fees in the period.

It is intended that Frank will revert back to being a Non-Executive of the Company and resume his position on the Board Committees and as Chair of the Remuneration Committee as soon as the consultancy period has ended.

Nick Sanders, Executive Chair of Carclo plc, said:

"I am delighted that Frank has agreed to provide this additional support to the business; he brings extensive experience in the plastics industry together with a strong track record of operational delivery. During his tenure as a Non-Executive Director, he has developed a detailed knowledge of the Group, which has made him a strong individual to help drive forward our plans."

About Carclo plc

Carclo plc is a public company whose shares are quoted on the Main Market of the London Stock Exchange. The Group is a global provider of value-adding engineered solutions for the medical, optical and aerospace industries.

LEI: 21380078MEM399JPI956

Enquiries:

Carclo plc 01924 268040

Nick Sanders - Executive Chair

FTI Consulting 020 3727 1340

Nick Hasell / Susanne Yule