Ross Group Plc announced that, subject to certain conditions, it has agreed to acquire the entire issued share capital of Archipelago Aquaculture Group Ltd. (AAG) from Global Blue Technologies Inc. (GBT) (the Acquisition). Ross Group Plc proposed that three GBT executives, John Peter Keyes, Victoria White and Stephen LaPointe, will join the Board of Ross as Executive Directors and Franklin Fay and Lorenzo Juanta will join the Board as Non-Executive Directors with respect to acquisition of the entire issued share capital of Archipelago Aquaculture Group Ltd. from Global Blue Technologies Inc. In addition, it is also proposed that Professor Georg Holländer will be invited to join the Board as a Senior Independent Non-Executive Director. Therefore, the enlarged Board is to be as follows: Barry Richard Pettitt (Executive); Wade Lionel Hopkins (Executive); Shashank Mehta (Executive); John Peter Keyes (Executive); Victoria White (Executive); Stephen LaPointe (Executive); Professor Georg Holländer (Senior Independent Non-Executive); Franklin Fay (Non-Executive); Lorenzo Juarez (Non-Executive); Koji Fusa (Non-Executive); Michael Jonathan Simon (Non-Executive).

Barry Richard Pettitt shall continue as Chairman and become Group Managing Director with an annual service contract based on the same previous Company remuneration policy. Lorenzo Juarez and Franklin Fay are appointed as a Non-Executive Directors and Lorenzo Juarez is the new Non-Executive Group Vice-Chairman. Both have initial 1 year Service Agreements; John Peter Keyes is appointed as an Executive Director and Group Chief Executive Officer.

Stephen C. LaPointe is appointed as an Executive Director and Group Financial Director; Victoria White is appointed as an Executive Director and President of the Mari Signum subsidiaries; All having annual service contracts based on the same previous Company remuneration policy and structure. Professor Georg Holländer is to be appointed as Senior Independent Non-Executive Director for an initial period of 1 year and has entered into a letter of appointment subject to confirmation by Oxford University.