The Board of Directors of The Trendlines Group Ltd. announced the following changes to the composition of the Board of Directors ("BOD"), the Nominating Committee ("NC") and the Audit Committee ("AC"). On 31 Oct 2023, Trendlines announced management changes following succession planning discussions with the Board. Mr. Steve Rhodes ("Steve") and Mr. Todd Dollinger ("Todd") ceased to serve their positions as co-chief executive officers but remained as co- Chairs of the Company for approximately six months.

Both Steve and Todd have expressed their willingness to continue supporting the business development of Trendlines' portfolio companies. The BOD was updated that Steve and Todd will cease to serve in their positions as co-Chairs, effective from 8 March 2024, and Ms. Nehama Ronen, a current Independent Director of the Company will replace them as Interim Chair of the BOD. Both Trendlines and portfolio companies have benefitted from their positive enthusiasm, years of experience, and steadfast commitment.

Steve and Todd will cease to be members of the Board; Steve will cease to be a member of the NC; and Ms. Nehama Ronen will cease to be a member of the AC. Following the above-mentioned changes, the composition of the Board, the NC and AC are reconstituted as set out below with effect as of 8 March 2024: Nominating Committee: Ms. Elka Nir (Chair), Mr. Sin Boon Ann, Ms. Nehama Ronen. Audit Committee: Ms. Elka Nir (Chair), Ms. Sarit Zeevi, Mr. Sin Boon Ann.