Tekmar Group P. Regulatory News (TGP)

20 April 2023

Tekmar Group plc

("Tekmar", or the "Company")

Appointment of Non-Executive Directors

Tekmar Group (AIM: TGP), a leading provider of technology and services for the global offshore energy markets, is pleased to announce that further to the announcements on the 31 March 2023 and 19 April 2023, Steve Lockard and Colin Welsh will be appointed to the board as Non-Executive Directors with immediate effect, following the successful completion of customary due diligence checks by the Company's nominated adviser.

Steve Lockard has over 35 years of experience in global operations leadership and has been an operating partner of SCF since 2021 where he supports energy transition investments and company platform building. He is the former CEO and current Chairman of NASDAQ-quoted TPI Composites, where he led the company's transformation from a New England based boat builder to the largest independent global wind blade manufacturer. He is Chairman of Keystone Tower Systems, an innovative manufacturer of wind turbine towers, and also serves on the board of Powerstar, a SCF portfolio company, which is a UK-based provider of energy storage and power resilience systems. He served for 10 years on the board of the American Wind Energy Association (AWEA) and served on its transition board, leading the CEO search committee, as AWEA was merged into the newly created American Clean Power Association (ACP).

Colin Welsh is a Partner of SCF Partners. Prior to joining SCF in 2017, he served as Head of International Energy Investment Banking at Simmons & Company International, having joined Simmons in 1999 and building the firm's activities outside of North America from its offices in Aberdeen, London and Dubai. Before joining Simmons & Company he spent 16 years at Ernst and Whinney, Touche Ross and RMD. Between 2010 and 2015 he led the campaign to fund the construction of a Maggie's Cancer Care Centre in Aberdeen and he continues to be a Patron of that charity. Colin currently serves on the boards of SCF portfolio companies Centurion, Score Group, Hydrasun, Powerstar and Global E&C.

Additional information in respect of the AIM Rules

The following information regarding the appointment of Steven Charles Lockard (aged 61) is disclosed pursuant to Schedule Two paragraph (g) of the AIM Rules for Companies ("AIM Rules"):

As at the date of this announcement, Steve Lockard holds 3,888,889 ordinary shares in the Company equivalent to 2.86% of the Company's issued share capital.

Save as set out above, there is no further information to be disclosed in respect of Steven Lockard under Schedule 2(g) of the AIM Rules.

The following information regarding the appointment of Colin Ian Welsh (aged 63) is disclosed pursuant to Schedule Two paragraph (g) of the AIM Rules:

Save as set out above, there is no further information to be disclosed in respect of Colin Welsh under Schedule 2(g) of the AIM Rules.

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