CTEA.L Regulatory News (CTEA)

24 April 2020

Catenae Innovation PLC

("Catenae", or the "Company")

Directorate Changes

Catenae Innovation PLC (AIM: CTEA), the AIM quoted provider of digital media and technology, is pleased to announce the appointment of Brian Thompson and John Farthing to the Board as Non-Executive Chairman and Chief Financial Officer, respectively, with immediate effect.

Kevin Everett, Interim Non-Executive Chairman since 17 July 2019 and Non-Executive Director since 16 May 2013, will step down from his role with immediate effect, to pursue other business interests.

Brian Thompson's proposed appointment was announced on 31 January 2020. Mr Thompson is an entrepreneur and is the founder owner of Newcastle-based B.T.I.C. Ltd, a successful business that has operated in the insurance industry since 1985. He is also a director of Third Eye Neurotech Ltd.

John Farthing's appointment as Chief Financial Officer of the Company was announced on 24 January 2019 and his proposed appointment to the Board was announced on 23 December 2019. John qualified as a Chartered Accountant in 1988. Following a career in stockbroking, John has experience working with both UK listed as well as private companies. John is also a Chartered Fellow of the Chartered Institute for Securities & Investment and a Liveryman of the Worshipful Company of World Traders.

Further disclosure on Brian Thompson and John Farthing pursuant to Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies is set out below.

In order to conserve the Company's working capital, the directors have agreed to take part of their remuneration in shares.

Guy Meyer, Interim Chief Executive Officer, commented: "I am delighted to welcome both Brian and John to the Catenae Board at this important time in our development. Their wealth of experience, expertise and business network will add considerable value as we take advantage of potential growth opportunities that are presenting themselves."

"I would also like to thank Kevin for his contribution to the Company and I wish him all the very best for the future."

"We look forward to updating the market on future progress in due course."

Pursuant to Rule 17 and Schedule 2(g) of the AIM Rules for Companies, the following information is disclosed in respect of Brian William Thompson (aged 64) and John Farthing (aged 57):

In the 5 years preceding the date of this announcement, Brian Thompson held the following directorships and no partnerships:

Mr Thompson holds 31,318,797 ordinary shares in the Company, representing 29.2% of the Company's issued share capital and no options over ordinary shares in the Company.

In the 5 years preceding the date of this announcement, John Farthing held the following directorships and partnerships:

*Beaufort Securities Limited, a company of which Mr Farthing was a director of until 2 March 2018, entered administration on 1 March 2018 and ended administration on 3 March 2020. There was only one insolvency case.

**Niku Trading Limited, a company of which Mr Farthing was a director of until 7 October 2016, entered liquidation within one month of Mr Farthing's tenure as director via a voluntary creditors liquidation. A liquidator was appointed on 18 October 2016 and the company was dissolved on 17 September 2019. There was only one insolvency case.

Crowd Source Solutions Limited, a company of which Mr Farthing was a director of, was dissolved via a members voluntary liquidation. A liquidator was appointed on 19 August 2013 and the company was dissolved on 28 October 2014 via a solvent liquidation.

Mr Farthing holds 1,341,702 ordinary shares in the Company, representing 1.25% of the Company's issued share capital and no options over ordinary shares in the Company.

There is no further information to be disclosed in relation to the appointments of Brian Thompson and John Farthing pursuant to AIM Rule 17 and Schedule 2 (g) of the AIM Rules for Companies.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014. The person who arranged for release of this announcement on behalf of the Company was Guy Meyer, Interim Chief Executive Officer of the Company.

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