Effective November 3, 2021, Brad Stewart and Parizad Olver Parchi were appointed to the board of directors of Semper Paratus Acquisition Corporation (the “Board”). The Board is comprised of Richard N. Peretz, Hooman Yazhari, Paul P. Jebely, Parizad Olver Parchi, and Brad Stewart. Effective November 3, Parizad Olver Parchi, Paul P. Jebely, and Brad Stewart were appointed to the audit committee of the Board, with Ms. Parchi serving as chair.

Effective November 3, 2021, Ms. Parchi and Mr. Jebely were appointed to the compensation committee of the Board, with Mr. Jebely serving as chair. The Board is comprised of the following three classes: the term of office of the first class of directors, Class I, consists of Paul P. Jebely and will expire at the Company's first annual meeting of shareholders; the term of office of the second class of directors, Class II, consists of Parizad Olver Parchi and Brad Stewart and will expire at the Company's second annual meeting of shareholders; and the term of office of the third class of directors, Class III, consists of Richard N. Peretz and Hooman Yazhari and will expire at the Company's third annual meeting of shareholders.