On the recommendation of the Nomination and Remuneration Committee, the Board of Directors of Foseco India Limited in its Meeting held on 27th February 2023, has appointed Mr. Mark Russell Collis as a Non-Executive Non-Independent Director (Additional Director) on the Board of the Company. Mr. Collis is a nominee of the Holding Company - Foseco Overseas Limited. The appointment of Mr. Mark Russell Collis as a Director of the Company with take effect from 27 February 2023, pursuant to the provisions of Section 152 and 161 of the Companies Act 2013.

He shall hold office up to the date of the next Annual General Meeting (AGM) and his appointment will be subject to the approval of the Shareholders of the Company at the said AGM. He will be liable to retire by rotation. Mr. Mark Russell Collis, aged 51 years (date of birth 3rd January 1972), is a British citizen.

Mr. Collis is a Chartered Accountant and Fellow of The Institute of Chartered Accountants in England and Wales. Mr. Collis is expected to join Vesuvius plc as an Executive Director and Chief Financial Officer no later than 4th July 2023. He has over 20 years of senior financial experience and operational and leadership skills gained through management roles in a number of international businesses including Amec Foster Wheeler plc, Expro International Group and latterly as Chief Financial Officer of the Operations business of John Wood Group PLC.

Mr. Collis has been appointed a Member each of the Audit Committee and the Risk Management Committee of the Board of the Company. Mr. Collis is not related to any of the existing Directors of the Company. He does not hold any shares of the Company.

Mr. Guy Franklin Young has tendered his resignation from the Directorship of the Company that will take effect from the close of business on 27th February 2023. The Board of Directors of the Company took note of the resignation of Mr. Guy Franklin Young at its Meeting held on 27 th February 2023. Mr. Guy Franklin Young has left the employment with the Vesuvius plc group and therefore, has tendered his resignation as a Director from the Board of the Company.

He was nominated as a Director of the Company by the holding company - Foseco Overseas Limited, a Vesuvius plc group company, who has withdrawn his nomination as a Director. The Company's Board would like to confirm that there is no other material reason than that provided herein of his resignation.