VBL Plc

Board/Management Information • Oct 5, 2023

VBL Plc (C56012)

("the Company")

COMPANY ANNOUNCEMENT

Information to the Market

Date: 5 October 2023 Ref. VBL12/2023

This is a company announcement made by the Company in compliance with the Capital Markets Rules.

The Company announces that following a meeting of the Company's Board of Directors held on the 5 October 2023:

• i. Geza Szephalmi was appointed as Chairman of the Board of Directors; and
• Dr. Andrei Imbroll was appointed as Chief Executive Officer. 11.

The Company further announces that the Company's Audit Committee is composed as follows:

• i. Mr Artur Haze;
• ii. Mr David Galea Souchet;
• iii. Ms Isabella Vella; and
• iv. Dr John Attard.

The Committee is made up entirely of non-executive Directors, the majority of which are independent. Mr David Galea Souchet, acts as Chairman, whilst Mr David Galea Souchet and Dr John Attard are considered to be the members competent in accounting and/or auditing matters in terms of the Capital Markets Rules.

Reference is also made to the annual general meeting of the Company held on the 6 July 2023 in which it was resolved that, should it be approved, the payment of dividend will be effected by no later than the 31 October 2023. The Board of Directors today resolved that the payment of dividend will be effected on 24 October 2023 to all shareholders of the Company registered on the register of members as at the 07 June 2023.

Br Mikiel Calleja Company Secretary

54, Marsamxett Road, Valletta, VLT 1853, Malta