Company Announcements

This announcement contains information which, prior to its disclosure, was inside information as defined under assimilated Regulation (EU) No. 596/2014 which is part of the laws of the United Kingdom by virtue of the European Union (Withdrawal) Act 2018 (as amended). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

6 March 2026

Satsuma Technology PLC

('Satsuma' or the 'Company')

Resignation of Director

The Company announces that Henry Elder has agreed with the Board to resign as a director of the Company and to end his employment with effect from today.

Henry Elder's duties will be assumed for the time being by Ranald McGregor-Smith who will become Executive Chair. The Board has also agreed with Clive Carver that he will fulfil a temporary executive role, principally to support the Company's ongoing compliance with its continuing obligations as a listed company in light of the FCA's correspondence in December 2025 referred to in the prospectus dated 17 December 2025.

Shareholders should note that these appointments are temporary and will be subject to review at the Company's Annual General Meeting or sooner should alternative executive directors be appointed.

The Board is continuing to discuss with shareholders the requisitioned resolutions to appoint Nicholas Lee and Paddy Dean to the Board and will update shareholders on their recommendation as soon as possible.