Cellcast : Directorate Change

07 August 2017

Cellcast plc (AIM: CLTV) is pleased to announce the appointment, with immediate effect, of Samuel Malin as non-executive director of the Company.

Mr Malin is a professional engineer with over 30 years' international business experience, particularly in Africa, and strong project management capabilities. Mr Malin founded Madagascar Oil, holding the position of CEO between 2003 and 2006 and then as Director to 2008, helping to raise $125 million and increasing the valuation of the company to over $1 billion. Between 2013 and 2014, he was CEO of Vanoil Energy Limited, a company with significant oil and gas exploration interests in east Africa. Currently, Mr Malin is Chairman of Burke's Peerage Limited and Frigate Exploration. Mr Malin has a strong communications and technology component to his background, having worked also for companies such as Dimension Data (now part of Nippon Telephone and Telegraph), Data Research International (part of McGraw-Hill) and Saladin (now within Fidelity National Information Services). He is also an Honorary Consul for the Republic of Lithuania. Mr Malin will be appointed as a member of the company's audit committee.

Commenting on the board changes, Mike Neville, Non-Executive Chairman, said:

"On 4 July 2017, we announced our intention to appoint an additional non-executive and I would like to welcome Sam to the board. He has a wealth of experience across multiple industry sectors and his depth of knowledge and contacts will add significant value. We look forward to working him as we go forward."

Regulatory disclosures

Samuel Andrew Malin, aged 53, has held the following directorships or partnerships in the past five years:

* Madagascan incorporated entity. Under Madagascan law, Mr Malin holds/held the position of a co-gérant to these companies.

There is no further information to be disclosed pursuant to Schedule 2(g) of the AIM Rules for Companies.

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