Getech Grp Regulatory News (GTC)

7 October 2021

Getech Group PLC

("Getech" or the "Company")

Appointment of Max Brouwers and Establishment of European Subsidiary

Getech, a provider of geoscience and geospatial data, knowledge, and software to the energy industry, is pleased to announce the appointment of Max Brouwers as Chief Business Development Officer. Max's primary focus will be to help drive the company's Energy Transition growth strategy and expansion into the European and global markets.

Max is a geoscientist and joins Getech from Shell, where he has worked in a range of senior leadership roles across a 25-year career. Most recently, Max was Leader of Energy Transition for Global Exploration and Vice President of Exploration for Europe-Russia-Caspian.

In these roles, he was responsible for a more than 100-member organisation, developing growth opportunities in hydrocarbons, carbon capture utilisation and storage (CCUS), geothermal, and strategic minerals. He has a track record in innovative deal delivery.

Max also Chairs the prestigious American Association of Petroleum Geologists (AAPG) Energy Transition Forum and is a global influencer in the application of geoscience to the Energy Transition.

In tandem with Max's appointment, and to advance Getech's international expansion plans, the Company intends to form a European subsidiary. This subsidiary will position Getech in key growth markets, where decarbonisation is being driven by the European Green Deal, which is a suite of finance and business initiatives to support Europe becoming climate neutral by 2050.

Max, a Dutch citizen located in the Netherlands, will head this new European subsidiary, which will initially focus on geothermal and green-hydrogen projects across the continent.

A Q&A with Max, providing further insight into his new role with Getech and its place in supporting the Energy Transition, is available on the Company's website - www.getech.com.

Dr Jonathan Copus, Getech CEO said:

"This is an exceptionally exciting period for Getech as we apply our specialist geoscience and geospatial skills and technologies to the Energy Transition. I am delighted that through the quality of our offering and the transformational potential of our work, this has enabled us to attract a business development leader of Max's breadth, experience, and calibre.

Max's work as Leader of Energy Transition for Global Exploration at Shell aligns him perfectly to our focus on business development in hydrogen, carbon capture, geothermal and strategic minerals. His leadership of our new European Subsidiary will also propel Getech into multiple new geographies, where he will initially focus on expansion opportunities in green-hydrogen production and geothermal technologies, which Getech has a unique capability in supporting.

In addition, as we continue to adapt our business model to take direct ownership positions in companies such as H2 Green, we look to the future with confidence; seeing multiple avenues for Getech to increase sales, generate value and facilitate growth.

We look forward to updating shareholders on further progress."

For further information, please contact:

Notes to editors:

Getech (AIM: GTC) has a well-established position within the global energy market, assisting clients with its unique combination of products and services, that utilise the Group's sub-surface skills and geospatial design and implementation capabilities alongside a deep knowledge and understanding of how to deploy data.

The Company is leveraging its strong market position, utilising its existing expertise, and targeting additional commercial opportunities, to de-risk and accelerate the global transition to renewable sources of energy while strengthening its existing and well-established business.

Getech is listed on the AIM market of the London Stock Exchange. For further information, please visit www.getech.com