Appointment of Auditor

This announcement contains inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation No. 596/2016 as it forms part of UK law by virtue of the European Union (Withdrawal) Act 2018

Satsuma Technology Plc

('Satsuma' or the 'Company')

Appointment of Auditor

Satsuma Technology PLC [LSE: SATS] today announces that the board has approved the appointment of BDO LLP as auditor ahead of its proposed move from the Equity Shares (Transition) Category to the Equity Shares (Commercial Companies) Category of the Official List of the Financial Conduct Authority ("Uplisting").

This appointment follows the appointment of Andrew Smith as CFO announced on 14 October 2025 and the appointments of Canaccord Genuity and Latham & Watkins announced on 16 October 2025.

Satsuma aims to complete the Uplisting on or before 30 December 2025.

Henry K. Elder, CEO, commented:

"Our ambition to create an enduring, institutional-grade company rests upon a foundation of unimpeachable financial integrity. The appointment of BDO, a globally respected leader in assurance and advisory, is a testament to our commitment to that principle. This completes our team of top-tier advisors for the Uplisting, and alongside our new CFO, ensures we have robust financial oversight. We are methodically putting in place the people and partners required to build long-term trust and credibility in the market."

Ends

Enquiries:

Satsuma provides no guarantee that future development and future results achieved will correspond to the forward-looking statements included here and accepts no liability if they should fail to do so. Satsuma undertakes no obligation to update these forward-looking statements and will not publicly release any revisions that may be made to these forward-looking statements, which may result from events or circumstances arising after the date of this release.