Board Retirement and Proposed Appointment

AIM: CER

Cerillion plc

("Cerillion" or "Company" or "Group")

Board Retirement & Proposed Appointment

Cerillion plc, the billing, charging and customer relationship management software solutions provider, is pleased to announce the appointment to the Board of Andrew Dickson as Chief Financial Officer, subject to the satisfactory completion of regulatory due diligence. The forthcoming appointment follows Oliver Gilchrist's decision to step down and retire from the Company following twenty years as Chief Financial Officer of Cerillion. These Board changes will take effect from the Company's upcoming AGM to be held on 4 February 2022. There will be a handover period between Oliver and Andrew to ensure a smooth transition.  A further announcement will be made in due course following completion of the regulatory due diligence in respect of Andrew's appointment.

The Board would like to take this opportunity to place on record its grateful thanks to Oliver for his significant contribution to the Company. He has been instrumental in the successful growth and development of the business from almost its inception until today.

Andrew Dickson, FCA, aged 41 years, is an experienced finance director, who has worked in both the UK and USA. He joins Cerillion from The Vitec Group plc, the London-listed global provider of premium-branded hardware and software solutions to the content creation market, where he was Director of Finance. Andrew joined The Vitec Group plc in 2015 and held a number of key finance roles, including  finance director of a subsidiary business, before taking responsibility for managing the head office team covering all financial reporting, financial planning and analysis, tax and treasury. This included overseeing financial reporting for the Group's three divisions, with operations across eleven countries. At The Vitec Group plc, he has also been closely involved in M&A activity, including acquisitions, integrations and successful disposals.

In his earlier career, Andrew worked for Smith Group plc, the FTSE 100 international engineering business, headquartered in London, and qualified as a chartered accountant with Deloitte LLP.  Andrew holds a degree in Materials, Economics and Management from the University of Oxford.

Louis Hall, CEO of Cerillion plc, commented:

"Oliver has made an outstanding contribution to Cerillion in his role as Chief Financial Officer over two decades.  During this time, he has been a valued and dedicated member of the team, and has helped support the Company's successful growth, especially since IPO in 2016.  On behalf the Chairman, my fellow Board directors, and everyone at Cerillion, I would like to thank him for his major contribution and to wish him all the very best for his retirement.

"We are pleased to welcome Andrew to the Board, subject to the completion of regulatory due diligence. He is a talented individual with a strong track record and a wealth of relevant experience. We look forward to working with him when he joins the Board in February 2022."

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About Cerillion

Cerillion has a 22-year track record in providing mission-critical software for billing, charging and customer relationship management ("CRM"), mainly to the telecommunications sector but also to other markets, including utilities and financial services. The Company has c. 80 customer installations across c. 45 countries.

Headquartered in London, Cerillion has operations in Pune, India, where its Global Solutions Centre is located, as well as operations in Bulgaria, USA and Australia.

The business was originally part of Logica plc before its management buyout, led by CEO, Louis Hall, in 1999. The Company joined AIM in March 2016.