Company Announcements

6 April 2022

Vesuvius plc

BOARD APPOINTMENT

Mr Carl-Peter Forster to be appointed as non-executive Director

and Chairman Designate

Vesuvius plc, 'Vesuvius', a global leader in molten metal flow engineering and technology, is pleased to announce that Mr Carl-Peter Forster is to join the Board of Vesuvius as a non-executive Director and Chairman designate.

Carl-Peter has spent the majority of his career holding senior leadership positions in some of the world's largest automotive manufacturers, including BMW, General Motors and Tata Motors (including Jaguar Land Rover). Since he stepped down from Tata Motors in 2011, he has served as a director on a wide variety of public and private company boards, including IMI plc from 2012-2021, Rexam plc from 2014-2016 and Geely Automotive Holdings, Hong Kong, as well as Volvo Cars Group from 2013-2019.

Carl-Peter Forster is currently the Chairman of Chemring Group plc, the global supplier of technology to the aerospace, defence and security markets, and Chair of the Shareholder Committee of Hella KGaA, the German automotive supplier. He is also Senior Independent Director at Babcock International Group plc.

In addition to his public company commitments, Carl-Peter currently holds directorships with a number of smaller companies, namely Energy Transition Partners B.V., Envisics Ltd, Gordon Murray Design Ltd (and associated subsidiaries), the advisory board of Kinexon GmbH, LeddarTech Inc, The Mobility House AG and Lead Equities Fund Management GmbH (and associated companies). He also holds an advisory role with Geely Group.

In advance of joining the Vesuvius Board, Carl-Peter will step down from his Chairmanship of Hella KGaA and a number of board positions in smaller non-UK based companies. He will also terminate his advisory role at Geely. He will continue as Chairman of Chemring Group plc and as Senior Independent Director at Babcock International Group plc. He will join the Board of Vesuvius on 1 November 2022 and will assume the position of Chairman with effect from 1 December 2022.

Carl-Peter will succeed John McDonough, CBE as Vesuvius' Chairman. John joined Vesuvius' Board as Chairman in 2012, immediately prior to the demerger of Cookson Group plc. John will step down from the Board on the appointment of Carl-Peter as Chairman on 1 December 2022.

Douglas Hurt, Senior Independent Director of Vesuvius, who led the search on behalf of the Nomination Committee, said:

"We are delighted that Carl-Peter Forster has agreed to join Vesuvius as our Chairman. His breadth of corporate experience, in both an executive and non-executive capacity, will be of great value to the Board and to the Company. I would also like to express my sincere thanks, and those of everyone on the Board and within Vesuvius, to John McDonough.  John has served as Chairman with great distinction over the past nine years during which Vesuvius has flourished as a stand-alone business, and he leaves the Company in great shape for the future."

Carl-Peter Forster said:

"I am delighted to have been asked to chair Vesuvius' Board. It is a Company with high quality businesses, strong technology and deep penetration in its chosen markets. The business has clearly benefitted from strong leadership in its time as an independent Company. I greatly look forward to working with Patrick André and his executive team, and with the rest of the Board."

John McDonough, CBE said:

"It has been a great privilege to have been Chairman of Vesuvius over the past nine years. Since demerger the Company has developed as a flexible and responsive business focused on safety, technology, customers, and operational efficiency. I am proud to have led the Board on this journey and I am confident that, under Carl-Peter Forster's chairmanship, Vesuvius will continue to go from strength to strength."

No other disclosure obligations arise under paragraphs (1) to (6) of LR 9.6.13 R of the FCA's Listing Rules in respect of this appointment.

About Vesuvius plc

Vesuvius is a global leader in molten metal flow engineering and technology principally serving process industries operating in challenging high temperature conditions.

We develop innovative and customised solutions, often used in extremely demanding industrial environments, which enable our customers to make their manufacturing processes safer, more efficient and more sustainable.  These include flow control solutions, advanced refractories and other consumable products and increasingly, related technical services including data capture.

We have a worldwide presence. We serve our customers through a network of cost-efficient manufacturing plants located close to their own facilities, and embed our industry experts within their operations, who are all supported by our global technology centres.

Our core competitive strengths are our market and technology leadership, strong customer relationships, well established presence in developing markets and our global reach, all of which facilitate the expansion of our addressable markets.

Our ultimate goal is to create value for our customers, and to deliver sustainable, profitable growth for our shareholders giving a superior return on their investment whilst providing each of our employees with a safe workplace where they are recognised, developed and properly rewarded.

We think beyond today to create solutions that will shape the future for everyone.

Forward looking statements

This announcement contains certain forward-looking statements which may include reference to one or more of the following: the Group's financial condition, results of operations, cash flows, dividends, financing plans, business strategies, operating efficiencies or synergies, budgets, capital and other expenditures, competitive positions, growth opportunities for existing products, plans and objectives of management and other matters.

Statements in this announcement that are not historical facts are hereby identified as "forward-looking statements". Such forward looking statements, including, without limitation, those relating to the future business prospects, revenue, working capital, liquidity, capital needs, interest costs and income, in each case relating to Vesuvius, wherever they occur in this announcement, are necessarily based on assumptions reflecting the views of Vesuvius and involve a number of known and unknown risks, uncertainties and other factors that could cause actual results, performance or achievements to differ materially from those expressed or implied by the forward looking statements. Such forward looking statements should, therefore, be considered in light of various important factors that could cause actual results to differ materially from estimates or projections contained in the forward-looking statements. These include without limitation: economic and business cycles; the terms and conditions of Vesuvius' financing arrangements; foreign currency rate fluctuations; competition in Vesuvius' principal markets; acquisitions or disposals of businesses or assets; and trends in Vesuvius' principal industries.

The foregoing list of important factors is not exhaustive. When considering forward looking statements, careful consideration should be given to the foregoing factors and other uncertainties and events, as well as factors described in documents the Company files with the UK regulator from time to time including its annual reports and accounts.

You should not place undue reliance on such forward-looking statements which speak only as of the date on which they are made. Except as required by the Rules of the UK Listing Authority and the London Stock Exchange and applicable law, Vesuvius undertakes no obligation to update publicly or revise any forward-looking statements, whether as a result of new information, future events or otherwise. In light of these risks, uncertainties and assumptions, the forward-looking events discussed in this announcement might not occur.

Vesuvius plc, 165 Fleet Street, London EC4A 2AE

Registered in England and Wales No. 8217766

LEI: 213800ORZ521W585SY02

www.vesuvius.com