LEI: 213800ZXTO21EU4VMH37

Non-Executive Director Appointment

LONDON, United Kingdom and TORONTO, Ontario, Canada 1 September 2023 - Alphawave IP Group plc (LN: AWE, the "Company" or "Alphawave Semi"), a global leader in high-speed connectivity for the World's technology infrastructure, is pleased to announce the appointment of David Reeder as a Non-Executive Director of the Company with effect from 1 September 2023. Following his appointment, David Reeder will become a member of the Audit Committee and the Nomination Committee.

David has served in senior finance and operational roles in global high technology companies including: GlobalFoundries, Texas Instruments, Broadcom, Cisco and Lexmark. In October of 2021, as CFO of GlobalFoundries, he led the largest ever semiconductor IPO ($26B market cap IPO). Prior to GlobalFoundries, David served as CFO and CEO of Lexmark and as CEO of Tower Hill Insurance Group, a $1B revenue private equity company. He also served on the audit committee of Milacron and on the transaction committee during the Milacron merger with Hillenbrand.

He has extensive experience in corporate finance, strategic planning, supply chain management, engineering, manufacturing, IT systems, investor relations and risk management. Additionally, he has demonstrable CFO and CEO experience at both privately and publicly held companies.

David Reeder said: "I am very excited to be joining the Board at Alphawave Semi, to bring my extensive experience in semiconductors to this emerging leader in the semiconductor space.  Having taken GlobalFoundries public recently, I understand the unique challenges of being a newly public company in semiconductors and I look forward to serving the shareholders of Alphawave Semi as a Non-Executive Director."

John Lofton Holt, Co-Founder and Executive Chairman of Alphawave Semi said: "The Board and management team at Alphawave Semi are pleased to welcome such an experienced executive to our Board of Directors.  David will bring vast operational experience in semiconductors as well as additional governance around finance operations.  He will be joining the Audit Committee effective immediately and will also be joining the Nomination Committee to assist in the search for our new CFO."                                               

Contact Information:

The following information is disclosed in accordance with LR 9.6.13:

Milacron Holdings Corp (NYSE: MCRN) Member of the Board of Directors and Member of the Audit Committee. 2016 to November 2019

In accordance with the Listing Rules, there are no other matters requiring disclosure under 9.6.13R of the Listing Rules of the Financial Conduct Authority in relation to the appointment of David Reeder.