VSA Capital Group - Appointment of Director

20 May 2026

VSA CAPITAL GROUP PLC

("VSA Capital" "VSA" or the "Company")

Appointment of Director

VSA Capital Group plc (AQSE: VSA) is pleased to announce the appointment of Oliver O'Donnell as a Director of the Company with immediate effect.

Oliver joined VSA Capital in 2015, having spent four years in the research team at VTB Capital covering commodities and mining equities. Since joining VSA he has focused on natural resources working with listed companies on the LSE, TSX and ASX as well as private companies. He became Head of Research in 2019, leading VSA's research output and helping to develop the firm's profile in the small-cap resources sector. In 2023, Oliver became Head of Equities, with responsibility for VSA's research and sales teams, client origination and transaction execution across the natural resources sector. Oliver is a CFA charter holder and holds a BSc in Physical Geography from Durham University.

Disclosures required pursuant to Rule 4.9 of the Aquis Access Rules for Companies

Oliver O'Donnell has not been a director or partner in any company or partnership at any time in the previous five years. He holds no shares in the Company and has the right to subscribe to 357,600 Ordinary Shares in the Company pursuant to options granted over a number of years at exercise prices ranging from 2.33p to 25p per Ordinary Share.

Save as set out in this announcement, there are no further details to be disclosed pursuant to Rule 4.9 of the Aquis Access Rules for Companies in respect of Oliver O'Donnell.

Andrew Monk, CEO of VSA, commented:

"The Company is delighted that Oliver has joined the Board of VSA Capital Group plc. Oliver has played an important role in the development of VSA's equities business and has built a strong reputation across the natural resources sector. He has helped tremendously with building our retained client base, which is now approaching 40 companies in our specialist sectors. His experience, sector knowledge and relationships with companies and investors will be valuable as we look to accelerate the growth of the business and broaden our market presence. VSA is entering an exciting period thanks to our new major shareholders, with significant opportunities ahead, and Oliver's appointment reflects our commitment to building a dynamic leadership team capable of driving the next stage of that growth."

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