GRA.L Regulatory News (GRA)

26 June 2018

Grafenia plc

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

BOARD CHANGES

Grafenia (AIM:GRA) announces that Alan Roberts, the Group's Finance Director is retiring from full-time work and has resigned from the Board with immediate effect.

Peter Gunning, CEO of Grafenia said "Alan's been a part of our management team for nearly twenty years. On behalf of the board, I'd like to thank him for his contribution and service." Alan said "The business and team have changed a great deal since I joined. With its new strategy firmly in place and the benefit of the recently raised funds, I look forward to seeing Grafenia's growth accelerate through the next phase of its journey."

The Group has appointed Simon Barrell as Interim Finance Director, a part-time Board position, with immediate effect. Simon is a serial interim FD with experience across multiple industries working in both the public and private sectors. His most recent appointment was in the graphic sector where he was Finance Director of a VCT backed MBO/MBI.

His more recent portfolio includes Finance Director of Napier Brown Foods plc at the time of the float in 2003. The company was later sold to The Real Good Food Company plc. Since leaving Napier Brown Foods plc in 2005 he has acted as non-executive finance director to Toluna plc, an on-line panel and technology services company which was sold to private equity in 2011 having expanded into the US and also having shown significant organic growth. He has also acted as finance director, non-executive director and non-executive chairman for a number of public companies and continues to act as an adviser to listed and non-listed companies. He is currently a non-executive director of Windar Photonics plc. Simon qualified as a chartered accountant with Arthur Young in 1983 and is a Fellow of the Institute of Chartered Accountants in England and Wales. Simon said "I am delighted to be joining Grafenia at this stage of its journey and assisting Peter and the team to move the business forward."

Jan Mohr, Chairman of Grafenia said "Alan has been an important member of the Grafenia family for a long time. His contributions during the management transition of the last few years have been valuable, and we'll miss him. We are looking forward to having Simon on board as Interim FD. We expect to greatly benefit from his guidance to further drive the abilities of our finance function. He has a clear goal to develop and mentor our finance team to take on larger roles within our organisation."

Simon Gregory Barrell, aged 59, is or has been a director of the following companies in the past five years:

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