Velocys plc announced the appointment of Philip Sanderson as Chief Financial Officer with effect from22June 2022. This follows the Company's announcement in February 2022 that Andrew Morris had advised of his intention to step down as CFO and will not stand for re-election at the Company's annual general meeting on 21 June 2022. Philip joins Velocys with over 30 years of international finance and commercial expertise in advanced fuels and lubricants, large scale capital project execution and low carbon energy in a range ofdivisions and affiliates of Shell Plc.

Philip is joining directly from a role ofVice President Finance Global Marketing. Philip has an impressive track record in commercial.