Calnex Solutio. Regulatory News (CLX)

11 January 2022

Calnex Solutions plc

("Calnex", the "Company" or the "Group")

Board Appointments

Calnex Solutions plc (AIM: CLX), a leading provider of test and measurement solutions for the global telecommunications sector, is pleased to announce the appointments of Margaret Rice-Jones and Stephen Davidson as Non-Executive Directors of the Company, with immediate effect.

Margaret Rice-Jones has over 20 years' experience at Board level in public and private software and technology companies. Margaret's current roles include acting as Senior Independent Director at main market-listed De La Rue plc, Chair at Origami Energy Limited, a VC-backed energy-focused technology business, and Non-executive Director at Holiday Extras Investments Limited. Previously, Margaret was Senior Independent Director of Xaar plc and chaired private companies Skyscanner Limited and Penguin Portals Limited until they were sold for £1.4bn and £509m, respectively. Having spent her Executive career in mobile telecommunications, Margaret has a background in engineering and a track record of delivering strong leadership and value to high growth and innovative organisations.

Stephen Davidson is an accomplished director of both public and private companies, with more than 20 years' PLC-board experience. He is currently a Non-executive Director at main market-listed Informa plc and Non-executive Chair at AIM-traded analytics company Actual Experience plc, JSE-listed Datatec plc and MCB Group Limited. Stephen was previously Chair at AIM companies Rosenblatt Group plc, Restore plc and Jaywing plc, and main market companies Inmarsat plc and MECOM plc. In his earlier career Stephen was Chief Financial Officer and then Chief Executive Officer of Telewest Communications plc and Vice Chairman of Investment Banking at WestLB Panmure.

George Elliott, Chairman of Calnex, said:

"I am very pleased to welcome Margaret and Stephen to the Board of the Company. They join us at what is an exciting time for Calnex, as we seek to capitalise on the telecoms industry's ongoing transition to 5G alongside the growth of cloud computing. We look forward to benefitting from their extensive experience and knowledge."

For more information, please contact:

The following disclosures are made pursuant to Schedule 2 paragraph (g) of the AIM Rules.

Margaret Frances Rice-Jones, age 61, holds/held the following directorships and/or partnerships:

Stephen James Davidson, age 65, holds/held the following directorships and/or partnerships:

Stephen Davidson was a director of EBT Mobile China Limited at the time it was placed into members' voluntary liquidation on 12 September 2011 and a director of Broadreach Train Services Limited within twelve months of it being placed into administration on 10 October 2005.

There are no further disclosures required to be made pursuant to Schedule 2 paragraph (g) of the AIM Rules.

Overview of Calnex

Calnex designs, produces and markets test instrumentation and solutions for network synchronization and network emulation, enabling its customers to validate the performance of the critical infrastructure associated with telecoms networks. To date, Calnex has secured and delivered orders to over 600 customer sites in 68 countries across the world. Customers include BT, China Mobile, NTT, Ericsson, Nokia, Intel, Qualcomm, IBM and Facebook.

Founded in 2006, Calnex is headquartered in Linlithgow, Scotland, with additional locations in Belfast, Northern Ireland and California in the US, supported by sales teams in China and India. Calnex has a global network of partners, providing a worldwide distribution capability.