CAP-XX Limited announced that Mr. Anthony Kongats has informed the Board of his decision to step down from full time employment and as Director of the Company. It is anticipated that Mr. Kongats' resignation will take effect on 12 May 2023. The Company and Mr. Kongats expect to enter into an appropriate consultancy arrangement to ensure that CAP-XX continues to benefit from his extensive knowledge of CAP-XX's technologies, applications and customers.

A further announcement in respect of the appointment of the proposed new CEO will be made in due course. Mr. Kongats founded CAP-XX in 1997 and listed the Company on the AIM market of the London Stock Exchange in 2006, since when it has developed to its position as a world leading manufacturer of supercapacitors, developing new technologies and energy storage solutions.