Directorate Appointment and Change of Auditor

AJAX RESOURCES PLC

("Ajax" or the "Company")

Directorate Appointment

Change of Auditor

Ajax [LSE: AJAX], the UK listed special purpose acquisition company with a focus on natural resources, is pleased to announce the appointment of Mr. Richard Heywood to the Board of the Company as an Executive Director, with a concentration on the successful identification of business development opportunities.

Mr Heywood has experience in metal trading and financial services, having previously worked at J O Hambro Capital Management Group (JOHCM), where his role involved assisting the leadership of the company.  Prior to his work at JOHCM, Mr. Heywood enjoyed a successful military career, having commissioned into the Scots Guards as an officer in the British Army following training at the Royal Military Academy Sandhurst (RMAS), a world leading training military training establishment. He is currently engaged in commodities trading across East Africa.

Mr Heywood presently holds 468,377 Ajax ordinary shares.

Change of Auditor

The Company is pleased to announce the appointment of RPG Crouch Chapman LLP as the Company's new statutory auditor for the financial year to 28 February 2025.

The Company's previous statutory auditor, Price Bailey LLP, have confirmed that there are no circumstances connected with their ceasing to hold office which they consider should be brought to the attention of the members or creditors of the Company in accordance with Section 519 of the Companies Act 2006.

Ippolito Ingo Cattaneo, Chief Executive Officer of Ajax, commented: 

"We are delighted to welcome Richard to Ajax's Board. His entrepreneurial energy and resolve in successfully achieving mission objectives will be a material addition to the Company's capabilities. Richard's contribution, strengthened by his managerial experience and contacts across Africa and the United Kingdom, will be of great value as we work to deliver on our mandate to identify natural resources acquisition opportunities at an increasingly propitious time for energy markets."

- ENDS -

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