Surface Transforms Regulatory News (SCE)

Surface Transforms plc

("Surface Transforms" or the "Company")

Director Dealing

Surface Transforms plc (AIM: SCE) announces that the Company was notified on 4 May 2023 that David Bundred, Chairman of the Company, and his wife sold and repurchased in aggregate 117,294 ordinary shares of 1p each in the Company ("Ordinary Shares") in order to place the shares within their respective ISA's.

Specifically, on 3 May 2023, David Bundred sold 58,647 Ordinary Shares at a price of 34.0p per Ordinary Share and on the same date repurchased 58,647 Ordinary Shares at a price of 34.08p per Ordinary Share into his ISA fund. On 3 May 2023 his wife Stella Bundred sold 58,647 Ordinary Shares at a price of 34.0p per Ordinary Share and on the same date re purchased 58,647 shares at a price of 34.08p into her ISA fund.

Following the above transactions, Mr Bundred remains beneficially interested in 1,397,525 Ordinary Shares representing 0.6% of the total voting rights of the Company.

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About Surface Transforms

Surface Transforms plc. (AIM:SCE) develop and produce carbon‐ceramic material automotive brake discs. The Company is the UK's only manufacturer of carbon‐ceramic brake discs, and only one of two mainstream carbon ceramic brake disc companies in the world, serving customers that include major OEMs in the global automotive markets.

The Company utilises its proprietary next generation Carbon Ceramic Technology to create lightweight brake discs for high‐performance road and track applications for both internal combustion engine and electric vehicles. While competitor carbon‐ceramic brake discs use discontinuous chopped carbon fibre, Surface Transforms interweaves continuous carbon fibre to form a 3D matrix, producing a stronger and more durable product with improved heat conductivity compared to competitor products; this reduces the brake system operating temperature, resulting in lighter and longer life components with superior brake performance. These benefits are in addition to the benefits of all carbon‐ceramic brake discs vs. iron brake discs: weight savings of up to 70%, longer product life, consistent performance, reduced brake pad dust and corrosion free.

For additional information please visit www.surfacetransforms.com

Notification and public disclosure of transactions by Persons Discharging Managerial Responsibilities ("PDMR") and persons closely associated with them ("PCA")