KRM22 plc

("KRM22" or the "Company")

Board Changes

KRM22 plc, (AIM: KRM) the technology and software investment company that focuses on risk management for capital markets, today announces the following Board changes as it enters its next phase of growth.

Dan Carter has been appointed CEO and a Director of the Company, whilst Stephen Casner, a founder director and the former CEO of the Company is leaving to pursue private equity opportunities in the United States.

Dan has a wealth of experience in capital markets technology having joined KRM22 in June 2018 and has since served in both Sales and Customer Services roles, then most recently as the Company's Chief Services Officer.  Prior to joining KRM22 Dan worked at ION, and prior to its acquisition by ION, FFastFill, where he worked in product management and customer service roles.

Additionally, Keith Todd will relinquish his role as Executive Chairman of KRM22 whilst remaining an Executive Director of the Company and Garry Jones, Non-Executive Director, will succeed Keith as Non-Executive Chairman of the Company.

Kim Suter, CFO and Director of the Company, Sandy Broderick, Non-Executive Director and Chairman of the Remuneration Committee and Nomination Committee, and Steve Sparke, Non-Executive Director and Chairman of the Audit Committee will continue in their respective roles.

The Board changes referenced above are taking place with immediate effect.

Keith Todd, former Executive Chairman at KRM22 commented: "After nearly six years since our IPO, it's time to make these Board changes when the growth trajectory and outlook of the Company is strong.  I would like to thank Stephen for his contribution to KRM22 from the inception.  Dan is an excellent candidate for the CEO role who is well equipped to lead KRM22 through its next phase of growth and Garry will provide experienced council and continuity as Non-Executive Chairman of the Company."

Dan Carter, CEO at KRM22 commented: "I'm delighted to be appointed as CEO of KRM22 and, following the foundations put in place by both Keith Todd and Stephen Casner, I look forward to working with the KRM22 Board, customers and stakeholders to continue to grow the business inline with the previously stated strategy and moving towards a £10m ARR business."

Garry Jones, Chairman at KRM22 commented: "Over the last few years KRM22 has established itself as a market leader in risk management technology with a strong client list of major financial institutions.  The management changes announced today lay the groundwork for significant future growth and renewed vigour, whilst creating economic and business value for our shareholders, customers and employees."

Stephen Casner, former CEO at KRM22 commented: "It's been a pleasure to have been a key part of KRM22 and serving as CEO for the past two years.  I am very proud of the team we have built and look forward to their success.  It is a natural juncture for me to hand over the reins to Dan, who I have worked closely with for over five years."

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The information contained within this announcement was deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 as amended.  With the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

About KRM22 plc

KRM22 is a closed-ended investment company which listed on AIM on 30 April 2018.  The Company has been established with the objective of creating value for its investors through the investment in, and subsequent growth and development of, target companies in the technology and software sector, with a focus on risk management in capital markets.

Through its investments and the Global Risk Platform, KRM22 helps capital market companies reduce the cost and complexity of risk management.  The Global Risk Platform provides applications to help address firms' trading and corporate risk challenges and to manage their entire enterprise risk profile.

Capital markets companies' partner with KRM22 to optimise risk management systems and processes, improving profitability and expanding opportunities to increase portfolio returns by leveraging risk as alpha.

KRM22 plc is listed on AIM and the Group is headquartered in London, with offices in several of the world's major financial centres.

See more about KRM22 at KRM22.com

The following information is disclosed in relation to Daniel Laurance Murray Carter, age 37, pursuant to Schedule Two paragraph (g) and Rule 17 of the AIM Rules for Companies:

Current Directorships / Partnerships:

Previous Directorships / Partnerships (held in the past five years)

Mr Carter currently holds 5,000 ordinary shares in the Company, representing 0.01 per cent. of the issued share capital of the Company and has 182,997 share options and 64,794 Restricted Stock Units in the Company.

There is no further information to be disclosed pursuant to Schedule Two paragraph (g) of the AIM Rules for Companies.