Hannans Ltd (ASX: HNR) (Hannans or the Company) is pleased to announce the appointment of Mr Brett Salt as Chief Executive Officer (CEO).

Mr Salt holds a Bachelor of Commerce, majoring in Economics and Commercial Law from Curtin University of Technology, Perth, Australia and a diploma in Investment and Risk Management in Shipping from the IMD Business School, Lausanne, Switzerland. Over a career spanning close to three decades in the resources industry, including more than 22 years with Rio Tinto, Mr Salt has held a variety of senior roles across Asia-Pacific, North America and Europe. More recently, he also held senior executive positions with Turquoise Hill Resources, South Gobi, Ferrexpo and Fremantle Ports.

His executive experience covers strategy, corporate development, mergers and acquisitions, sales and marketing, finance, shipping, logistics and operations. As Hannans moves towards commercialising its lithium-ion battery recycling technology under licences across several jurisdictions in the EU and the UK, we anticipate that Mr Salt's deep international commercial and operational experience will greatly assist Hannans in the roll out of the hub and spoke battery shredding and materials recovery business model.

chair of Hannans, Mr Jonathan Murray commented: 'After an extensive outsourced recruitment process, the Hannans board is delighted to have secured the services of Brett Salt as CEO. As an ASX-listed company with emerging operations in Europe and the UK, Brett's blend of international and business development experience will provide an invaluable resource as we look to scale up and implement our business model

With access to market leading battery recycling technology, Hannans looks forward to delivering further battery feedstock arrangements in the near term. Brett's experience will provide a key pillar to our operational formation and execution capability in the sophisticated European and UK markets.'

Incoming CEO of Hannans, Mr Brett Salt commented: 'I'm very excited to be embarking on what promises to be a rewarding journey for Hannans and its stakeholders. With world leading battery recycling technology to be deployed within highly supportive regulatory environments in Europe and the UK, I'm convinced that the Hannans model possesses huge potential. Playing a role in securing critical raw materials for the electrification of global transportation fleets whilst helping to recycle waste battery material made Hannans a very compelling career opportunity for me. I thank the board for the opportunity and I'm eager to get started in the role.'

Details of Mr Salt's employment agreement are included below. At this stage, the Company anticipates the formal

engagement will commence in early October (subject to the parties agreeing to an earlier start date).

This ASX announcement has been authorised for release by Hannans' Board of Directors.

Contact:

Jonathan Murray

Tel: + 61 419 666 278

Email: jmurray@steinpag.com.au

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