4 January 2024

GSTechnologies Limited

("GST" or the "Company" or the "Group")

Appointment of Non-Executive Director

GSTechnologies Limited (LSE: GST), the fintech company, is pleased to announce the appointment of Lord James Christopher Douglas Wellesley ("Lord Christopher Wellesley") as a Non-Executive Director of the Company with immediate effect.

Lord Christopher Wellesley is an experienced banking and capital markets executive with over 30 years' experience in senior roles based in the UK, Hong Kong and the USA.  Having started his career in the UK with County Natwest Securities in 1985, Lord Wellesley moved to Hong Kong in 1988 as a senior market maker.  He joined Merrill Lynch in Hong Kong in 1992, where he ran the bank's Asian market making desk covering London listed Asian equities, before moving to the US with Merrill Lynch in 2000.  Returning to the UK in 2003 he held a number of senior equity trading roles, including with Tristone Capital, which was acquired by Macquarie, where between 2005 and 2012 he established and ran their UK trading operations.  Over the past five years Lord Wellesley has focussed on a number of advisory and interim managerial roles and he is currently a director of a number of private businesses and not-for-profit organisations.

Lord Wellesley has been working with the Group in the UK since September 2023 and is assisting GST with the development of its borderless neobanking platform providing next-generation digital money solutions.  It is intended that Lord Wellesley will be appointed Chief Executive Officer of Angra Limited in due course, assuming receipt of the required UK Financial Conduct Authority (FCA) approval.

Tone Goh, Chairman of GST, commented: "We are delighted that Lord Wellesley is joining the GST board.  He has significant international capital markets and trading experience that has already proved to be very valuable to the Group.  We will now be able to benefit from his experience and guidance at the board level as we continue to roll out our GS Money solutions."

Other than as set out in this announcement there are no further disclosures required in respect of Lord Christopher Wellesley under paragraph 9.6.13 of the Listing Rules.

Enquiries:

The Company

Tone Goh, Executive Chairman

+65 6444 2988

Financial Adviser

VSA Capital Limited

+44 (0)20 3005 5000

Simon Barton / Thomas Jackson

Broker

CMC Markets

+44 (0)20 3003 8632

Douglas Crippen

Financial PR & Investor Relations

IFC Advisory Limited

Tim Metcalfe / Graham Herring / Florence Chandler

+44 20 (0) 3934 6630

[email protected]