Iofina Regulatory News (IOF)

12 June 2013

Iofina plc

("Iofina" or the "Company")

(LSE AIM: IOF)

Board Changes

The Board of Iofina has accepted, with regret, the resignation from the Board, on health grounds, of Lance Baller the Group CEO and Company Secretary. As a result, the resolution to re-elect him as a Director of the Group will be withdrawn from the agenda at the Annual General Meeting ("AGM") to be held on 19 June 2013. Mr Baller has been retained as a consultant to the Group with effect from the AGM.

Efforts to recruit a new CEO, who would be joining the group at a very exciting time in the rapid development of the company, are being pursued immediately. Chris Fay will continue to act as Executive Chairman of the Group and, effective from the AGM, Stuart Eaton will revert to his Non-Executive role on the Board. In addition, Mr Simon Holden has been appointed as Company Secretary effective at the conclusion of the AGM.

Commenting on the resignation Chris Fay, Executive Chairman said:

"Lance's efforts, firstly as finance director and latterly as CEO, have been instrumental in the development of the group, not least the realisation of its production activities to the current status of two producing plants and the imminent roll out of many more. His commitment has been of the highest order throughout his tenure. The board is pleased to have secured his services on an on-going basis as a consultant to the group.

"The board extends its sincere best wishes to him and his family in the hope he will soon return to full health."

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