Petards Regulatory News (PEG)

FOR IMMEDIATE RELEASE 1 February 2023

Petards Group Plc

("Petards" or the "Group")

Director Appointment

Petards, the AIM quoted developer of advanced security and surveillance systems, is pleased to announce the appointment of John Wakefield, as an independent Non-Executive Director with immediate effect.

John is an experienced quoted company director and corporate adviser. He is currently non-executive chairman of Baron Oil Plc and a non-executive directive of Drumz Plc both of which are listed on AIM and he has previously worked at several nominated adviser firms. He qualified as a solicitor with McKenna & Co (now CMS) before moving into corporate finance, first with Williams de Broe Limited and then at Rowan Dartington & Co. Limited, where he was a founder director and shareholder and head of corporate finance. He was a corporate finance director of WH Ireland Limited from 2009 until 2016.

He has been a member of the AIM Advisory Group, chairman of the London Stock Exchange Regional Advisory Group for the South West and chairman of South West Angel and Investor Network Limited (SWAIN) from 2008 until 2016.

John will assume the role of Chair of the Nominations Committee and will also be a member of both the Audit and Remuneration Committees.

Raschid Abdullah, Chairman of Petards commented:

"We are delighted to have John join the Board. He brings a wealth of public company and corporate finance experience to the Company as well as an understanding of growth businesses and M&A which will benefit the board in the pursuit of its strategic corporate objectives. The board looks forward to working with John at an exciting time as we develop the business"

John Wakefield added:

"I have a long history and a passion for working with, and providing corporate and M&A counsel to, quality, growth companies and their boards and am very much looking forward to working with the team at Petards."

The following information is disclosed in accordance with Rule 17 and paragraph (g) of Schedule 2 of the AIM Rules for Companies in connection with the appointment of John Nigel Wakefield, aged 68, to the Board of the Company:

There are no other matters under paragraph (g) of Schedule 2 of the AIM Rules to be disclosed.

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