Kleos Space S.A. announced that it has appointed James A. Quella as a strategic advisor to the Board, to conduct a corporate finance review and to assist in the identification and execution of a strategic corporate transaction. Mr. Quella is a highly experienced corporate director and strategic advisor with current appointments including director of Dun & Bradstreet Inc, since February 2019, and director of Getty Images (and CC Neuberger Principal Holdings II prior to their business combination) since August 2020. He is a former Senior Managing Director, Senior Operating Partner, and Head of Portfolio Operations Group at Blackstone's Private Equity Group, having served in those roles from 2003 to 2014.

Mr. Quella is a Kleos security holder ­ holding approximately 2.5% of the issued capital ­ and has served as a member of Kleos' Advisory Board since May 2021. As Strategic Advisor to the Board, Mr. Quella has been tasked with conducting a review of the Company's corporate financing strategy with a view towards the completion of a future corporate action ­ whether that be a merger, acquisition, or other strategic corporate activity. In this role, Mr. Quella will be bringing his substantial experience in managing businesses and in mergers and acquisitions, his familiarity with corporate finance and strategic business financing activities, and his extensive experience serving as a director for various public and private companies.