Ocean Harvest Technology Group plc

("OHT" or the "Company")

 Update, Directorate change, NOMAD resignation

Ocean Harvest Technology Group Plc (AIM: OHT), a leading researcher, developer and supplier of proprietary blended seaweed products as functional additives for the global animal feed industry, announces that further to the announcement of 21 May 2025, the Noteholders, are now exploring a disposal of  the trading subsidiary or parts of the business as appropriate.   At present there are a few interested parties who have registered an interest at looking at OHT with the Security Agent.

The Company also announces that Chris Scott, CFO, has tendered his resignation and has left the board with immediate effect.  

In the absence of additional funds being made available to Ocean Harvest Technology Group plc the Board is in dialogue with the Security Agent to release some funds to enable them to enter an insolvency process in the coming days.

As a consequence of the above, Cavendish Capital Markets Limited has resigned as Nominated Adviser with immediate effect. The Board does not anticipate appointing a new Nominated Adviser at this time.

Pursuant to Rule 1 of the AIM Rules for Companies, if a replacement Nominated Adviser is not appointed within one month of today's date, the admission of the Company's shares to trading on AIM will be cancelled

Capitalised terms used but not otherwise defined in this announcement shall have the meanings ascribed to such terms in the Company's announcement on 21 May 2025, unless the context requires otherwise.

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Notes to Editors

Ocean Harvest Technology Group plc is a global leader in the development and commercialisation of value adding proprietary products from blending multiple species of seaweed. The Company provides a range of natural additives focused on improving animal performance and the sustainability of the feed chain, through its unique and proven proprietary seaweed blends. The Company sources its seaweed globally, utilising sustainable and socially responsible harvesting of largely wild blooming seaweed species.  Its products are produced in its facility in Vietnam and sold into the $40bn animal feed additive sector in multiple markets across the world.