Pinewood Technologies Group Regulatory News (PINE)

4th June 2025

Pinewood Technologies Group PLC ("the Company")

Board composition update

The Company today announces that Nikki Flanders has confirmed that she will not stand for re-election to the Board at the Company's 2025 Annual General Meeting and will formally step down from the Board on 4th June 2025. The Company intends to maintain its existing Board structure and is currently engaged in a search to find a new independent Non-Executive Director. Nikki's responsibilities as Chair of the ESG Committee will be shared across other members of the Board until a permanent successor for the role is appointed.

Ian Filby, Chairman, commented:

"On behalf of the Board, I would like to thank Nikki for her outstanding commitment and invaluable contribution to the Board and its Committees over a number of years. I would particularly like to recognise her leadership of the ESG Committee, which has advanced our sustainability strategy with clarity and purpose. I wish her well as she continues to develop her career."

Nikki Flanders, commented:

"I have thoroughly enjoyed working with the Pendragon and subsequently Pinewood Board and Leadership teams. During my 5-year term the Board successfully concluded the sale of the Pendragon motor vehicle business to Lithia Motors, Inc and established a clear strategic path for Pinewood AI which is gaining momentum and going from strength to strength. As I extend my executive responsibilities now is the right time for me to step down and I wish all the Pinewood team much success for the future."

Enquiries:

Headland Henry Wallers Tel: 0203 805 4822

LEI Number: 213800VRSPZFOGMMIS18