Effective as of April 29, 2013, Mr. Robert Marten has been appointed as the Chief Executive Officer of ARC Group Worldwide, Inc. and as a member of the Board of Directors of the Company. Mr. Marten was appointed as the Company's President on September 16, 2012. Mr. Marten has served as the President and Chief Executive Officer of the Company's subsidiary FloMet LLC since July of 2006.

Mr. Marten has served as the President and Chief Executive Officer of the company's subsidiary Quadrant Metals Technologies LLC since its inception in 2011. He has also served as the Chief Executive Officer of the company's subsidiaries General Flange & Forge LLC since April, 2011 and Tubefit LLC since November, 2011. Effective as of April 29, 2013, Gregory Wallis and Willard T. Walker Jr. have been appointed as members of the Board.

Mr. Wallis and Mr. Walker shall serve as members of the Board's Audit Committee and Compensation Committee. Mr. Jerrold H. Abrahams shall continue to serve as the company's designated Audit Committee Financial Expert. Greg Wallis is the CEO of Dorst America in Bethlehem, PA, responsible for the company's operations in North America.

Mr. Walker is President and CEO of W. T. Walker Group, Inc. Effective as of April 29, 2013, Mr. Theodore Deinard has resigned as the Interim Chief Executive Officer of the company and as a member of the Board. Mr. Deinard has not expressed any disagreement with the company on any matter relating to the company's operations, policies or practices with regard to the cessation of his services as Chief Executive Officer and as a member of the Board. Mr. Deinard has been appointed as the Chief Executive Officer of the company's subsidiaries ARC Wireless LLC and ARC Wireless Ltd. Effective as of April 29, 2013, each of Mr. Viktor Nemeth, Ms. Lynn Wunderman and Mr. Jonathan Bernstein has resigned as a member of the Board.

Each of Mr. Nemeth, Ms. Wunderman and Mr. Bernstein has not expressed any disagreement with the company on any matter relating to the company's operations, policies or practices with regard to the cessation of his or her services.