Appointment of non-executive directors

Surface Transforms plc.

("Surface Transforms" or the "Company")

5 March 2021

Appointment of non-executive directors

Surface Transforms (AIM:SCE), manufacturers of carbon fibre reinforced ceramic automotive brake discs, is pleased to announce the appointment of two new independent non-executive directors with immediate effect.

Matthew Taylor joins the Board as non-executive director after retiring from his role as CEO of Bekaert SA in 2020. Bekaert SA is a €5billion revenue, 30,000 employee global steel wire business headquartered in Belgium with 45% of its business in automotive. Prior to this role, Matthew was CEO of Edwards Vacuum, CEO of JC Bamford, and Global MD of Land Rover following his early career in sales and marketing roles with Ford after a short spell in the Royal Navy.

Julia Woodhouse also joins the Board as non-executive director. Julia spent her executive career with Ford Motor Company where her roles included Director, Global Power Train Purchasing, based in USA and Director, Global Chassis Purchasing, based in Germany. She retired from Ford in 2018 and is currently a non-executive director of Outokumpu a leading global stainless steel manufacturer based in Helsinki. Julia is also a member of the RICS Standards and Regulations Board.

David Bundred (Chairman) said: "We are delighted to welcome both Matthew and Julia to the Board of the Company. Their considerable experience within multi-site, multinational large companies in the automotive industry will be invaluable not just in terms of the expansion of our existing Knowsley factory, but also when we move beyond this phase and expand the Company to other manufacturing locations and working with further automotive customers. We are all looking forward to working with our new colleagues."

Further information relating to Matthew Taylor

In accordance with Schedule 2(g) of the AIM Rules, Matthew Gordon Robert Taylor (aged 60) holds or has held in the past five years the following directorships and partnerships:

Matthew Taylor does not hold any shares in the Company.

Further information relating to Julia Woodhouse

In accordance with Schedule 2(g) of the AIM Rules, Julia Woodhouse (aged 62) holds or has held in the past five years the following directorships and partnerships:

Julia Woodhouse does not hold any shares in the Company.

For enquiries, please contact:

Surface Transforms plc.                                                                              +44 151 356 2141
 

David Bundred, Chairman

Kevin Johnson, CEO       

Michael Cunningham CFO

Zeus Capital Limited (Nominated Advisor and Joint Broker)            +44 203 829 5000

David Foreman / Dan Bate/ Jordan Warburton (Corporate Finance)

Dominic King (Corporate Broking)

finnCap Ltd (Joint-Broker)                                                                          +44 20 7220 0500

Ed Frisby / Giles Rolls (Corporate Finance)
Richard Chambers (ECM)

About Surface Transforms

Surface Transforms plc. (AIM:SCE) develop and produce carbon‐ceramic material automotive brake discs. The Company is the UK's only manufacturer of carbon‐ceramic brake discs, and only one of two mainstream carbon ceramic brake disc companies in the world, serving customers that include major OEMs in the global automotive markets.

The Company utilises its proprietary next generation Carbon Ceramic Technology to create lightweight brake discs for high‐performance road and track applications for both internal combustion engine and electric vehicles. While competitor carbon‐ceramic brake discs use discontinuous chopped carbon fibre, Surface Transforms interweaves continuous carbon fibre to form a 3D matrix, producing a stronger and more durable product with improved heat conductivity compared to competitor products; this reduces the brake system operating temperature, resulting in lighter and longer life components with superior brake performance. These benefits are in addition to the benefits of all carbon‐ceramic brake discs vs. iron brake discs: weight savings of up to 70%, longer product life, consistent performance, reduced brake pad dust and corrosion free.

For additional information please visit www.surfacetransforms.com