Section 430 Companies Act 2006

Section 430(2B) Companies Act 2006 Statement – Pete Raby.

As announced on 16 January 2025, Pete Raby will retire as CEO on 1 July 2025 but will continue to provide support for the transition until the end of August 2025.

Pete will receive his salary and benefits until 31 August 2025, as his employment with Morgan Advanced Materials plc (the ‘Company’) continues to that date, but he will not receive any payment for loss of office.

Pete will be treated as a good leaver for variable pay purposes and his salary, bonus and outstanding incentive awards will be treated in accordance with the Remuneration Policy approved by shareholders in 2022.

Further details will be provided in the Directors’ Remuneration Report in the 2024 Annual Report and Accounts.