Fertoz Ltd. Announced that Mr. Patrick Avery will step down as Executive Director of the Company but will remain on the Board as a Non-Executive Director, effective 10 February 2023. Mr. Avery's decision to step down follows the appointment of Daniel Gleeson as Managing Director and CEO of the Group and Stuart Richardson's appointment as Chairman last year as the Company expands its leadership skillset and positions itself to meet growing demand for regenerative farm inputs. From 10 February 2023, Mr. Avery will receive Non-Executive Director fees paid out of the non-executive director remuneration pool approved by shareholders.

In accordance with Listing Rule 3.16.4, Fertoz confirms that the Executive Consultancy Agreement between LDR Solutions LLC and Fertoz Limited, under which Mr. Avery provided services to Fertoz, has been amended to reflect the abovementioned change.