CUTIX : APPOINTMENT OF A NEW BOARD CHAIRMAN

17, Osita Onyejianya Street, Umuanuka, Otolo, P.M.B. 5040, Nnewi, Anambra State, Nigeria. Tel: [phone] Email: [e-mail]: www.cutixplc.com.ng TIN: 00362300-0001

Nnewi, Anambra State; 25 August 2023

APPOINTMENT OF A NEW BOARD CHAIRMAN FOR CUTIX PLC

The Board of Directors (the "Board") of Cutix Plc (the Company) wishes to inform The Nigerian Exchange Limited and the investing public of the appointment of Barr. (Mrs.) Ifeoma Nwahiri as the new Board Chairman of the Company. The appointment is further to the retirement of the current Board Chairman, Amb. Odi Nwosu who will be proceeding on retirement having attained the retirement age in line with the Company's Articles of Association.

Barr. (Mrs.) Nwahiri was re-appointed to the Board of Directors of Cutix Plc in 2016 as a Non- Executive Director. She is a graduate of Imo State University, Owerri with an LLB in 2003, and went to Nigerian Law School, Abuja in 2003. She is the Principal Partner, Laud Chambers from 2007 to date. Barr (Mrs.) Nwahiri is a member of the Nigerian Bar Association. She was a Director of Cutix Plc from 2005 to 2011. She was the Managing Director of Soul Mill Limited from 2010 to 2014. She was appointed as a Non-Executive Director, at Adswitch Plc from 2011 to 2013. Barr. (Mrs.) Nwahiri is a member of the Negotiation and Conflict Management Group (2003) of the Chartered Institute of Arbitration (UK Branch, 2005), and also a member, Chartered Institute of Taxation (2016).

Her appointment is effective August 25, 2023.

Thank you.

Chinwendu Nwokporo (ACIS)

Company Secretary

DIRECTORS: Amb. O. Nwosu (Chairman), Mrs. I. Oduonye (CEO), Barr. (Mrs.) I. Nwahiri, Sir M Umego, Dr. C. Nsoedo, Mr. I. Okonkwo, Mrs. I. Ezeasor, Mr A. Olushekun, Prince O. Orizu