6 August 2019

Vela Technologies plc

("Vela" or the "Company")

Change of Adviser

The Board of Vela notes the news story published on the Financial Conduct Authority ("FCA") website on 5 August 2019, stating that SVS Securities plc ("SVS") has been placed into Special Administration. SVS were a joint broker to Vela however as a result of these developments SVS will no longer be able to provide broking services to Vela. As a consequence, Smaller Company Capital Limited is now the Company's sole broker with immediate effect.

For further information, please contact:

Vela Technologies plc	Tel: +44 (0) 7802 262 443
Brent Fitzpatrick, Non-Executive Chairman Antony Laiker, Director

Allenby Capital Limited (Nominated Adviser)	Tel: +44 (0) 20 3328 5656
Nick Athanas/Asha Chotai

Smaller Company Capital Limited (Broker)	Tel: +44 (0) 20 3651 2910
Rupert Williams/Jeremy Woodgate

About Vela Technologies

Vela Technologies (AIM: VELA) is an investing company focused on early stage and pre-IPO long term disruptive technology investments. There are currently 12 investments in the portfolio which either have developed ways of utilising technology or developing technology with a view to disrupting the businesses or sector in which they operate. More recently, Vela Technologies has also started to focus on existing listed companies where valuations may offer additional opportunities. 