Velocys plc announced the following changes to its management team. Andy Bensley has joined Velocys as the Global Head of Business Development and Technology delivery. He comes with 35 years of international experience in senior corporate, functional leadership and project delivery roles in both major IOC's and EPC contractor organisations, including positions at Bechtel, Shell, SK E&C and Eni.

Heinz Robota, VP Technology, will be retiring from his role after 10 years at Velocys and will be replaced by Dawid Duvenhage who joined the Company in November 2021 with the responsibility for Velocys' catalysis division. Heinz has led the catalysis efforts from R&D into commercial demonstrated status of Velocys' super active FT catalyst. Following an initial career as a chemist and chief scientist, Dawid has over 30 years' experience in catalyst development, scale-up and commercialisation.

Andrew Morris, CFO, has advised the Board of his intention to leave Velocys in order to pursue other career opportunities. The intention is for Andrew to step down as CFO and Board Director during Second Quarter 2022. Further updates will be made in due course.