3 October 2016

Vela Technologies plc

("Vela", the "Company" or the "Group")

Result of Annual General Meeting

The Board of Vela (AIM: VELA), the investing company focused on early-stage and pre-IPO disruptive technology investments, is pleased to announce that at the Company's Annual General Meeting held earlier today all of the resolutions were passed.

For further information, please contact:

Vela Technologies plc

Brent Fitzpatrick, Non-Executive Chairman

Antony Laiker, Director

Tel: +44 (0) 7802 262 443

Allenby Capital Limited

(Nominated Adviser)

Nick Athanas/Katrina Perez/Nick Naylor

Smaller Company Capital Limited

(Broker)

Rupert Williams/Jeremy Woodgate

Tel: +44 (0) 20 3328 5656

Tel: +44 (0) 20 3651 2910