WINDAR PHOTONICS PLC

Board/Management Information • Oct 6, 2023

National Storage Mechanism | Additional information

RNS Number : 8965O

Windar Photonics PLC

06 October 2023

The information contained within this announcement is deemed to constitute inside information as stipulated under the retained EU law version of the Market Abuse Regulation (EU) No. 596/2014 (the "UK MAR") which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. The information is disclosed in accordance with the Company's obligations under Article 17 of the UK MAR. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

6 October 2023

Windar Photonics plc

("Windar" or the "Company")

Directorate Changes

Windar Photonics plc (AIM: WPHO), the technology group that has developed a cost efficient and innovative LiDAR wind sensor for use on electricity generating wind turbines, announces that after having been a member of the Board of Directors of the company since 2014 and serving as Chairman since 2017, Johan Black Petersen has decided to step down from his role as Chairman of the Board of Directors with immediate effect. Johan will continue to serve as a Non-Executive Director of the Company going forward.

Furthermore, the Company is very pleased to announce that David George Lis (aged 73) has been appointed to the Board of Directors of the Company and will take up the position as Chairman of the Board of Directors with immediate effect. David joined Norwich Union Investment Management in 1997 (later merging to form Aviva Investors), before becoming Head of Equities in 2012 and latterly Chief Investment Officer, Equities and Multi Assets, until his retirement in March 2016. David is currently the Chairman of WildLife Group Limited, the Senior Independent Director of Melrose Industries plc and Hostmore Plc and a Non-Executive Director of Dowgate Capital Limited. He has previously held the position of Senior Independent Director of Electra Private Equity plc as well as being a non executive director of BCA Marketplace plc and the Multifamily Housing REIT plc

Jørgen Korsgaard Jensen, CEO of Windar, commented: "First of all I would like to thank Johan for serving as Chairman of the Board of Directors during the past almost 6 years, and I am looking forward to his continued membership of the Board of Directors going forward. I am further delighted that David has accepted to join the Board of Directors as Chairman. David, with his experience and personality, is a perfect match for assisting and guiding the Company on our future growth path, and I am pleased that David has such belief in the company that he has opted to take all his salary in shares in the company."

The following information is disclosed pursuant to Schedule Two paragraph (g) of the AIM Rules for Companies, David Lis has confirmed that there is no further disclosures required.

At the time of this announcement David Lis holds 337,500 shares in Windar Photonics Plc.

A list of David's current directorships and partnerships together with those held within the last five years is set out below:

Current directorships / partnerships	Past directorships / partnerships within the last five years
Wild Life Group Limited Hostmore Plc York Minster Fund Limited Dowgate Capital Limited Melrose Industries Plc	Electra Private Equity BCA Marketplace Multifamily Asset 1 Limited The Multifamily Housing REIT Limited
Windar Photonics plc
Jørgen Korsgaard Jensen, CEO	Tel:  +45 24234930
WH Ireland Limited (Nomad & Broker)
Chris Fielding / James Bavister / Isaac Hooper	Tel:  +44 20 7220 1666

About Windar Photonics

Windar Photonics is a technology group that develops cost-efficient and innovative Light Detection and Ranging ("LiDAR") optimisation systems for use on electricity generating wind turbines. LiDAR wind sensors in general are designed to remotely measure wind speed and direction.

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