Hexagon Energy Materials Limited advised that Ms. Merrill Gray is stepping down from her role as Managing Director and has resigned as a Director effective 17 May 2022. The Company is currently finalising negotiations with Ms. Gray with respect to her departure date from the Company. At the same time, the Company announced that Andrew Kirk has joined the Board as a Director.

Mr. Kirk worked for Woodside for 17 years and developed their current corporate LNG strategies. Mr. Kirk has worked in the Hydrogen industry for the past three years, establishing Green Hydrogen Asia in Malaysia to transition the heavy vehicle market from diesel to renewable Hydrogen. Mr. Kirk has been providing commercial and strategic advice to Hexagon since August 2021 on the Company's hydrogen strategy and projects.