Reach non-regulatory announcement

26 April 2022

Vela Technologies plc

("Vela" or "the Company")

Appointment of PR and IR Adviser

The Board of Vela (AIM: VELA) is pleased to announce the appointment of Novus Communications Limited as its PR and IR adviser with immediate effect.

Brent Fitzpatrick, Chairman of Vela, commented: "We anticipate that Novus Communications' experience and professional expertise, particularly in the small cap market, will enhance Vela's communications; and enable its shareholders and other stakeholders to gain a clearer understanding and appreciation of Vela's investing strategy and of the rationale behind its investment portfolio."

For further information, please contact:

Vela Technologies plc Brent Fitzpatrick, Non-Executive Chairman James Normand, Executive Director	Tel: +44 (0) 7421 728875
Allenby Capital Limited (Nominated Adviser and Joint Broker)	Tel: +44 (0) 20 3328 5656
Nick Athanas / Piers Shimwell
Peterhouse Capital Limited (Joint Broker)	Tel: +44 (0) 20 7469 0930
Lucy Williams / Duncan Vasey / Eran Zucker
Novus Communications (PR and IR Adviser)	Tel: +44 (0) 20 7448 9839
Alan Green / Jacqueline Briscoe

About Vela Technologies

Vela Technologies (AIM: VELA) is an investing company focused on early stage and pre-IPO long term disruptive technology investments. Vela's investee companies have either developed ways of utilising technology or are developing technology with a view to disrupting the businesses or sectors in which they operate. Vela Technologies will also invest in listed companies where valuations may offer additional opportunities.

About Novus Communications

Novus Communications combines a traditional approach to PR with a strong City presence. This is delivered by experienced broker and PR adviser, Jacqueline Briscoe, and by City small-cap company veteran, John Brennan. Novus Communications has an extensive content distribution network via multiple social media channels headed by investing podcaster and digital finance professional, Alan Green. Through these channels, Novus Communications' clients gain exposure to a wide range of retail investors, high net worth individuals and institutions.

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