Wise Group Regulatory News (WISE)

Wise plc

10 May 2023

Management update

Wise CEO, Kristo Käärmann, has announced his intention to take sabbatical leave from September 2023 until December 2023. He will be spending this time with his growing family, having recently welcomed their second son.

Wise offers all colleagues the chance to take paid sabbatical leave after every four years of service. This will be the first time Kristo has taken sabbatical.

Chief Technology Officer, Harsh Sinha, will stand in for Kristo in the interim. Harsh has led the engineering team at Wise since he joined in 2015, and also brings decades of experience building and scaling product and supporting operations at iconic companies.

You can read more about Kristo's announcement in his blog post on our website: https://wise.com/gb/blog/my-first-sabbatical

Enquiries

Martyn Adlam - Head of Owner Relations

martyn.adlam@wise.com

Sana Rahman - Global Head of Communications

press@wise.com

Brunswick Group

Charles Pretzlik / Sarah West / Nick Beswick / Daniel Holgersson

Wise@brunswickgroup.com

+44 (0) 20 7404 5959

About Wise

Wise is a global technology company, building the best way to move and manage money around the world. With Wise Account and Wise Business, people and businesses can hold over 50 currencies, move money between countries and spend money abroad. Large companies and banks use Wise technology too; an entirely new cross-border payments network that will one day power money without borders for everyone, everywhere. However you use the platform, Wise is on a mission to make your life easier and save you money.

Co-founded by Kristo Käärmann and Taavet Hinrikus, Wise launched in 2011 under its original name TransferWise. It is one of the world's fastest growing tech companies and is listed on the London Stock Exchange under the ticker WISE.

Over 16 million people and businesses use Wise. Today we process on average £9 billion in cross-border transactions every month, saving customers around £1.5 billion a year.