Appointment of Chief Financial Officer

28 May 2019

ClearStar, Inc.

("ClearStar" or the "Company")

Appointment of Chief Financial Officer

Further to the announcement of 23 January 2019, ClearStar, Inc. (AIM: CLSU), a provider of Human Capital Integrity℠ technology-based services specialising in background and medical screening, announces that it has appointed Ms. Jennifer Balleza as the Company's Chief Financial Officer with immediate effect. Ms. Balleza, who has been serving as the Company's Interim Chief Financial Officer since January 2019, is not being appointed to the Board of Directors at this time.

Ms. Balleza, a Certified Public Accountant, joined ClearStar as Corporate Controller in 2014 ahead of the Company's IPO on AIM. In this role, she was responsible for managing ClearStar's financial reporting, compliance and accounting. Ms. Balleza joined ClearStar from Aprio LLP, an Atlanta-based business consultancy and accounting firm. During her tenure at Aprio of over 14 years, she progressed through several audit roles before being promoted to a senior manager in the assurance practice.

Ms. Balleza holds a Bachelor of Science degree in Accounting from the University of Arkansas, and her professional affiliations include the American Institute of Certified Public Accountants and the Georgia Society of Certified Public Accountants. She is also a former board member of TAG Corporate Development, which is an industry forum of the Technology Association of Georgia that aims to support the growth of the technology industry in Georgia US.

Robert Vale, CEO of ClearStar, said: "Since joining ClearStar five years ago, Jennifer has played an instrumental role in our finance function and has performed excellently as Interim CFO. We are delighted that she'll be taking on the permanent position, which will allow a seamless transition. We look forward to continuing to benefit from her considerable skills and experience as part of the ClearStar team as we remain focused on growing our business."  

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The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.

About ClearStar

ClearStar, Inc. is a leading and trusted background check technology, strategic services and decision-making information provider to employers and background screening companies.

A seven-time Inc. 5000 honouree and founding member of the National Association of Professional Background Screeners, ClearStar has provided innovative technology solutions to businesses in the human capital management industry from its corporate offices in Alpharetta, Georgia since 1995. For more information about ClearStar, please visit: www.clearstar.net.