Board Changes

Foresight Technology VCT plc
LEI: 21380013CXOR8N6OD977

17 SEPTEMBER 2026
Board Changes

In accordance with UKLR 6.4.6R, the Board of Foresight Technology VCT plc (the “Company”) is delighted to announce the appointment of Michael Gray as a non-executive director of the Company with effect from 17 September 2026.

Michael has extensive experience in funds, banking and other capital markets. He was most recently the regional managing director, corporate banking for RBS International with responsibility for The Royal Bank of Scotland’s Corporate Banking Business in the Crown Dependencies and British Overseas Territories. In a career spanning 31 years with The Royal Bank of Scotland Group plc, Michael has undertaken a variety of roles including that of auditor and has extensive general management and lending experience across a number of industries.

In accordance with UKLR 6.4.8R, Michael Gray’s current and previous directorships in the past five years are disclosed below. Michael does not hold any shares in the Company at the date of his appointment to the Board.

The Board has considered Michael's independence, including the fact that he was until recently a director of Foresight Enterprise VCT plc, a company managed by the Company's manager, Foresight Group LLP. Having done so, the Board considers Michael to be independent in character and judgement and independent of the manager.

Michael Gray's appointment forms part of the Board's succession planning following Tim Dowlen's retirement from the Board at the conclusion of the Company's AGM on 17 September 2026.

The Board would like to take this opportunity to thank Tim for his commitment and valuable contribution during his tenure.

Michael Gray will be appointed as a member of the Audit, Management Engagement and Remuneration, and Nomination Committees following his appointment.

There are no other matters requiring disclosure in relation to Michael’s appointment under UK Listing Rule 6.4.8R (1) - (6) inclusive.

For further information, please contact:

Company Secretary
Foresight Group LLP
Contact: Stephen Thayer Tel: 0203 667 8100

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