Vast Announces Appointment of Two Additional Directors to its Recently Expanded Board of Directors - Seite 2

Tom Quinn: Mr Quinn is an established energy transition leader whose track record of inclusive, accountable leadership has delivered sustainable growth in major diversified Australian, European, North American, and Asian businesses. Mr Quinn brings to the Vast board C-Suite global expertise in engineering, construction and maintenance enterprises in infrastructure, energy, resources, industrial and social services sectors.

William Restrepo: Mr Restrepo is the CFO of Nabors Industries Inc. He has extensive US and global expertise in corporate finance, tax, capital markets, strategic planning and M&A, and operational experience in several international markets. He has held CFO positions at Smith International and Pacific Drilling, following a 20-year career at Schlumberger. Mr Restrepo currently serves on the boards of directors for Quaise Energy, Sage Geosystems and UCAP Maxwell. He has also served on the boards of Reelwell AS, SANAD - Saudi Aramco Nabors Drilling, C&J Energy Services, Probe Technologies and Platinum Energy Solutions.

Colin Richardson: Mr Richardson is the Chairman of MA Money. He sits on various investment committees for funds managed by MA Financial Group and holds positions on the boards of various Twynam Group companies. Mr Richardson's distinguished investment banking career includes previous roles as Managing Director at Rothschild, Managing Director and Head of M&A for Australia and New Zealand at Citigroup and Managing Director in M&A at Deutsche Bank.

John Yearwood: Mr Yearwood currently holds positions on the boards of directors for several prominent companies including Nabors Industries Inc and Technip FMC. He has a notable history of board service, having previously been a member of the boards of Barra Energia, Sabine Oil & Gas LLC, Premium Oilfield Services LLC, and Dixie Electric LLC. Mr Yearwood also served as the Chief Executive Officer, President and Chief Operating Officer of Smith International, Inc.

Craig Wood CEO of Vast said, "We are incredibly excited to welcome our new board members. Their collective expertise and leadership capabilities align perfectly with Vast’s vision and goals for the future. We look forward to achieving new milestones under their guidance.”

“Our new board is a vote of confidence in Vast and our proprietary CSP v.3.0 technology, which will help decarbonise electricity and industry, as well as the shipping and aviation industries through the production of green fuels.”