3 June 2026

MYCELX TECHNOLOGIES CORPORATION

("MYCELX" or the "Company")

Appointment of Non-Executive Director

MYCELX Technologies Corporation (AIM: MYX), a leading provider of proprietary water treatment technology to the Oil and Gas industry, is pleased to announce the appointment of Torben Wetche as  an independent Non-Executive Director and Chair of the Audit Committee, and as a member of the Compensation and Nomination & Governance Committees, effective July 1, 2026.

Torben brings over three decades of financial leadership experience across global manufacturing, industrial, and distribution sectors. He has extensive experience as an operational Chief Financial Officer and board director, with a strong track record of delivering sustainable value creation, improving performance and leading international growth and strategic transformation across complex, global organisations. Over the course of his career, Torben has led finance functions for businesses ranging from mid-market to over $1.0 billion in revenue, with operational footprints spanning the Americas, Europe, and Asia. He has served in various CFO roles at organisations including STO Corp., SP Fiber Technologies, General Cable Corporation, Exal Corporation, Schweitzer-Mauduit International Inc., Performance Fibers, and CP Kelco U.S. Inc., operating across both private equity-backed and publicly listed environments. He also brings extensive board experience, most recently serving as Chair of Skyrise Prefab Solutions Inc., a Canadian prefabricated construction solutions company, where he led strategy development and national expansion.

The Company also announces that André Schnabl, who has served as a Non-Executive Director, Senior Independent Director and as Audit Committee Chair since January 2019, is stepping down from the Board with effect June 30, 2026. The Board would like to thank André for his years of service and expresses its appreciation for his valuable contribution to, and support of, the Company over this period. The Board confirms that arrangements have been made to ensure an orderly handover of responsibilities.

The Company is also pleased to confirm the appointment of Tom Lamb, Non-Executive Director, as Senior Independent Director with effect July 1, 2026.

Gareth Kaminski-Cook, Chairman, said:

"On behalf of the Board I would like to thank André for his years of valuable counsel to the MYCELX team, and I am delighted to now welcome Torben to the Board and to Chair the Audit Committee. Torben will bring a fresh perspective and truly relevant experience gained across a variety of industrial technology companies which will be invaluable as we scale up the business."

For further information, please contact: 

The following information regarding the appointment of Torben Henrik Ployart Wetche, aged 69, is disclosed under Schedule 2(g) of the AIM Rules for Companies:

There are no further disclosures to be made under Schedule 2(g) of the AIM Rules for Companies.