New Energy Solar announced changes to the board of the Company (Board) following completion of the U.S. asset sale through the sale of NEW's shareholding in NES Galaxy, LLC to MN8 Energy which was announced on 21 November 2022. Mr. Jeff Whalan, Chair, has resigned as Chair and a director of the Company, effective 1 December 2022. In addition, Mr. John Martin and Ms Maxine McKew have resigned as non-executive directors of the Company, effective 1 December 2022.

Non-executive director, Mr. James Davies, has been appointed to the role of Chair of the Company and Ms Caroline Purtell, who is also the NEW Company Secretary, has been appointed as a non- executive director of the Company, date of appointment 1 December 2022. Non-executive director, Mr. John Holland, remains on the Board. These changes to the Board are consistent with the intention of the Board to wind up the Company by the end of 2023.

Shareholder value remains the Board's priority, including the need to reduce running costs and maximise final proceeds, as the Company is wound up.