Vela Technologies Regulatory News (VELA)

20 October 2022

Vela Technologies plc

("Vela" or the "Company")

Board change

The Board of Vela (AIM: VELA) announces that Antony Laiker, Non-Executive Director, has decided to step down from the board of the Company with immediate effect to concentrate on his other interests.

On 21 July 2022, at the time of Antony Laiker's appointment to the board, the Company announced that it intended to strengthen the Board through the appointment of an additional independent Non-Executive Director to the Board in due course and this intention remains. The Board will provide further updates at the appropriate time.

For further information, please contact:

Vela Technologies plc Tel: +44 (0) 741 088 6830

Brent Fitzpatrick, Non-Executive Chairman Email:info@velatechplc.com

James Normand, Executive Director

Allenby Capital Limited (Nominated Adviser) Tel: +44 (0) 20 3328 5656

Nick Athanas / Piers Shimwell

Peterhouse Capital Limited (Broker) Tel: +44 (0) 20 7469 0930

Lucy Williams / Duncan Vasey / Eran Zucker / Lauren Riley

Novus Communications (PR and IR Adviser) Tel: +44 (0) 20 7448 9839

Alan Green / Jacqueline Briscoe

About Vela Technologies

Vela Technologies plc (AIM: VELA) is an investing company focused on early stage and pre-IPO long term disruptive technology investments. Vela's investee companies have either developed ways of utilising technology or are developing technology with a view to disrupting the businesses or sector in which they operate. Vela Technologies will also invest in already-listed companies where valuations offer additional opportunities.