Zotefoams plc

("Zotefoams", the "Company" or the "Group")

CFO Retirement

3 March 2025 - The Company today announces that, Gary McGrath, Group CFO, will retire from his role during 2025. A search process for Gary's successor is underway and the Board will provide an update once this has concluded. Gary will remain in his existing role until 31^st October 2025, or longer if required, as part of a managed succession process.

Ronan Cox, Zotefoams plc CEO said: "On behalf of the Board, I would like to thank Gary for his exceptional contribution to Zotefoams over the past nine years, during which revenue has grown from £53.9m to £147.8m and underlying profit before tax has grown three-fold. His financial leadership and strategic vision, particularly during the volatile market conditions the industry has experienced in recent years, has positioned the Company strongly for future success and we wish him all the best in his retirement."

Gary McGrath, Group CFO added: "I am proud of what we have achieved at Zotefoams during my tenure. The Company has evolved significantly, and I am confident that it is well-positioned for continued success under Ronan's strategic vision. While I look forward to my next chapter, I remain fully committed to ensuring a smooth transition for my successor."

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