Zeotech Limited provided the following update on changes to its executive management, which will further strengthen the Company's capabilities and highlight Zeotech's ongoing focus on commercial development. The company announced that current CEO, Mr. Alister Morrison, will transition to the role of Chief Development Officer (CDO), and Zeotech's COO, Mr. Scott Burkhart, will undertake the role of CEO . The changes are anticipated to occur from 1 November 2023.

Mr. Burkhart joined Zeotech in October 2021 as COO, and during this time has played an integral role in establishing the Company's operational platform and execution of its strategy. Scott has worked closely on the Company's projects at Griffith University and has a deep understanding of its technology and investment proposition. He holds a Bachelor of Business (B.Bus) in Management and Economics from Auckland University of Technology, New Zealand.

Mr. Morrison will continue to play a significant executive role as CDO, with a focus on accelerating commercialisation through oversight and implementation of the ongoing demonstration plant planning, new business development and market analysis, and managing key regional stakeholder relationships and research programs at The University of Queensland (UQ). The Company is confident that these changes considerably strengthen its management capability, by enabling a dedicated focus on commercial development, whilst supporting a hands-on approach to management delivery of Zeotech's business strategy over the medium to long term.