Appointment of Chief Financial Officer

14 October 2025

Satsuma Technology Plc

('Satsuma' or the 'Company')

Appointment of Chief Financial Officer

Satsuma Technology PLC (LSE: SATS) today announces the appointment of Andrew Smith to the board of Satsuma with effect from 1 November 2025.

He was previously CFO of FTSE250 listed technology company, Playtech PLC from 2017 to 2022. During his time there, Andy led the corporate, finance and treasury functions, raising billions in funding in the public markets and building relationships across the world's leading banking and financial institutions.

He started his career in 1999 at Ashurst (including an 18-month secondment at the Financial Conduct Authority). Following this, Andy worked as an investment banker for ten years with ABN AMRO and Deutsche Bank, specialising in fundraisings and M&A for UK listed PLCs.

In the preceding five years Andy was a director of companies related to his previous employments. There is no other information to be disclosed that would be required by Listing Rule 6.4.8 were it to apply to the Company.

Henry K. Elder, CEO, commented:

"I am thrilled to welcome Andy to the Satsuma board. Building the UK's premier institutional Bitcoin treasury requires leadership with an impeccable track record in the public markets. Andy's time in investment banking and his tenure as CFO of a FTSE 250 technology firm, where he raised billions in debt and equity issuances and navigated complex global M&A, gives him the precise experience we need. He shares my belief in London's potential to create a global leader in Bitcoin innovation, and his appointment is a significant step towards realising that goal."

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