Aferian announces change to its Board of Directors

27 April 2023

AFERIAN PLC

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

Board Change

Aferian plc (LSE AIM: AFRN), the B2B video streaming solutions company, today announces a change to its Board of Directors.

Steve Vaughan, Non-Executive Director of Aferian plc since 2019 and current Chair of the Board's Remuneration Committee, has stepped down from the Board today. Following his recent appointment to the Board as a Non-Executive Director on 4 April 2023, Max Royde will take up the position of Chair of the Board's Remuneration Committee from today.

The Board is keenly aware of the need for both diversity and a balance between Executive and Non-Executive Directors on the Board. We are currently reviewing the composition of the Board and expect to improve the diversity of its membership in the coming 12 months.

Mark Wells, Non-Executive Chairman of Aferian said: "On behalf of the Board and our Aferian team, I would like to thank Steve for his support over the years, particularly in helping to guide our transition to a software-led business. We wish him well.

Having recently joined the Board and bringing specialist experience in business-critical software companies, Max will play a wider role moving forward as Chair of our Remuneration Committee."

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About Aferian plc

Aferian plc (AIM: AFRN) is a B2B video streaming solutions company. Our end-to-end solutions bring live and on-demand video to every kind of screen. We create the forward-thinking solutions that our customers need to drive subscriber engagement, audience satisfaction, and revenue growth.

It is our belief that successful media companies and services will be those that are most consumer-centric, data driven and flexible to change. We focus on innovating technologies that enable our customers to stay ahead of evolving viewer demand by providing smarter, more cost-effective ways of delivering end-to-end modern TV and video experiences to consumers. By anticipating technological and behavioural audience trends, our software solutions empower our customers to heighten viewer enjoyment, drive growth in audience share and ultimately their profitability.

Aferian plc has two operating companies: 24i, which focusses on streaming video experiences, and Amino, which connects Pay TV to streaming services. Our two complementary companies combine their products and services to create solutions which ensure that people can consume TV and video how and when they want it. Our solutions deliver modern TV and video experiences every day to millions of viewers globally, via our growing global customer base of over 500 service providers.

Aferian plc is traded on the London Stock Exchange's AIM stock market (AIM: symbol AFRN). Headquartered in Cambridge, UK, the Company has over 350 staff located in 11 offices, including in such major European cities as Amsterdam, Helsinki, Copenhagen and Brno, as well as in San Francisco and Hong Kong. For more information, please visit www.aferian.com.

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