15 April 2026

Quadrise Plc
("Quadrise" or the "Company")

Directorate Change

Quadrise Plc (AIM: QED), the technology company focused on the decarbonisation of shipping and heavy industry through deployment of low emission fuels and biofuel, announces that further to the announcement on 19 March 2026, Laurie Mutch has stepped down as a Director of the Company with immediate effect.

Laurie has also stepped down as Chairman of the Audit Committee and as a member of the Remuneration and Nomination Committees. His responsibilities on the Audit and Remuneration committees will be assumed by Michael Covington.

Laurie has served on the Board for 20 years, providing continuity, deep corporate knowledge and independent oversight through multiple phases of the Company's development. Following his resignation as a Director, he will assist with transition and handover arrangements.

Andy Morrison, Chair of Quadrise, commented:

"On behalf of the Board, I would like to thank Laurie for his outstanding contribution to Quadrise over the past two decades. His experience, judgement and steadfast support have been invaluable as the Company has evolved from a technology developer into a business approaching commercial scale‑up. Laurie's guidance and commitment to strong governance have played a significant role in shaping the Company we have today, and we are grateful for his long‑standing service. The Board wishes him every success in the future."

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