4^th June 2025

Pinewood Technologies Group PLC ("the Company")

Board composition update

The Company today announces that Nikki Flanders has confirmed that she will not stand for re-election to the Board at the Company's 2025 Annual General Meeting and will formally step down from the Board on 4^th June 2025. The Company intends to maintain its existing Board structure and is currently engaged in a search to find a new independent Non-Executive Director. Nikki's responsibilities as Chair of the ESG Committee will be shared across other members of the Board until a permanent successor for the role is appointed.

Ian Filby, Chairman, commented:

"On behalf of the Board, I would like to thank Nikki for her outstanding commitment and invaluable contribution to the Board and its Committees over a number of years. I would particularly like to recognise her leadership of the ESG Committee, which has advanced our sustainability strategy with clarity and purpose. I wish her well as she continues to develop her career."

Nikki Flanders, commented:

"I have thoroughly enjoyed working with the Pendragon and subsequently Pinewood Board and Leadership teams. During my 5-year term the Board successfully concluded the sale of the Pendragon motor vehicle business to Lithia Motors, Inc and established a clear strategic path for Pinewood AI which is gaining momentum and going from strength to strength. As I extend my executive responsibilities now is the right time for me to step down and I wish all the Pinewood team much success for the future."

Enquiries:          

Headland                    Henry Wallers                    Tel: 0203 805 4822        

LEI Number: 213800VRSPZFOGMMIS18