OTAQ : Result of Annual General Meeting

30 September 2022

OTAQ PLC

("OTAQ", or the "Company")

Result of Annual General Meeting

OTAQ, the marine technology products and solutions group for the global aquaculture, offshore oil and gas industries and geotracking sectors, announces that at the Annual General Meeting ("AGM") held earlier today, all resolutions were duly passed on a show of hands. Resolutions 1-11 were passed as ordinary resolutions and resolutions 12-13 were passed as special resolutions. The proxy votes received from shareholders on each resolution are set out below.

	Resolutions	For	For	Against	Against	Total	Votes	Votes
		(incl.	(% of		(% of	number of	cast (%	Withheld
		discretionar	votes		votes	votes cast	of issued
		y)	cast)		cast)		share
							capital)
1	To receive, consider and adopt the
	Directors' Report and the Company's	11,380,395	100%	Nil	Nil	11,380,395	30.14%	Nil
	Annual Accounts for the financial
	year ended 31 March 2022
2	To approve the Directors'
	Remuneration Report for the	11,380,395	100%	Nil	Nil	11,380,395	30.14%	Nil
	financial year ended 31 March 2022
3	To re-elect Matthew Jonathan	11,380,395	100%	Nil	Nil	11,380,395	30.14%	Nil
	Enright
4	To re-elect Philip David Newby	11,380,395	100%	Nil	Nil	11,380,395	30.14%	Nil
5	To re-elect William George Watt	11,380,395	100%	Nil	Nil	11,380,395	30.14%	Nil
6	To re-elect Sarah Emily Stoten	11,380,395	100%	Nil	Nil	11,380,395	30.14%	Nil
7	To re-elect Alexander Robert Hambro	11,380,395	100%	Nil	Nil	11,380,395	30.14%	Nil
8	To elect Malcolm David Foster Pye	11,380,395	100%	Nil	Nil	11,380,395	30.14%	Nil
9	To reappoint RSM UK Audit LLP as	11,380,395	100%	Nil	Nil	11,380,395	30.14%	Nil
	the Company's auditors
10	To authorise the Directors to
	determine the remuneration of the	11,380,395	100%	Nil	Nil	11,380,395	30.14%	Nil
	auditors.
11	To empower the Directors to allot
	securities up to an aggregate nominal	11,374,349	99.95%	6,046	0.05%	11,380,395	30.14%	Nil
	amount of £1,887,902.60
	Special Resolutions
12	To approve the general disapplication
	of pre-emption rights, up to an	11,374,349	99.95%	6,046	0.05%		30.14%
	aggregate nominal amount of	11,380,395	Nil
	£283,185.39
13	To approve the specific disapplication
	of pre-emption rights, up to a further	11,374,349	99.95%	6,046	0.05%		30.14%
	aggregate nominal amount of	11,380,395	Nil
	£283,185.39

Please note a 'vote withheld' is not a vote under English law and is not counted in the calculation of votes 'for' and 'against' a resolution or the total number of votes cast.

Copies of the resolutions required to be made available for inspection in accordance with LR 9.6.2 have been submitted today to the Financial Conduct Authority and will shortly be available for

inspection on the National Storage Mechanism website at https://data.fca.org.uk/#/nsm/nationalstoragemechanism

Enquiries:

OTAQ PLC	Via Walbrook
Alex Hambro, Non-Executive Chairman
Phil Newby, Chief Executive Officer
Matt Enright, Chief Financial Officer
Dowgate Capital Ltd (Broker & Adviser)	020 3903 7715
David Poutney/James Serjeant
Nicholas Chambers/Russell Cook
Walbrook PR Ltd	Tel: [phone] or [e-mail]
Tom Cooper/Nick Rome	0797 122 1972 or 07748 325 236

About OTAQ

OTAQ is a highly innovative technology company focused on the aquaculture, offshore and geotracking sectors. It operates in four worldwide locations: Lancaster, Aberdeen and Ulverston in the UK and Puerto Montt in Chile.

The Company's Oceansenseleak detection systems have a global reputation as the industry standard solution and have been deployed successfully on hundreds of jobs. OTAQ's Dragonfish laser measurement system is fast becoming recognised as one of the most accurate underwater precision laser measurement systems available. OTAQ also has significant experience in the design and manufacture of underwater connectors, penetrators and communication systems.

It seeks to develop and continuously improve its product range for OTAQ's increasingly global multisector client base using its specialist mechanical, electronic and software engineers with decades of experience in bringing technology products to market. Concurrently, OTAQ seeks to expand its technology portfolio through acquisitive growth, with the aim of further expanding its aquaculture, geotracking and offshore product offering.

OTAQ is proud to be fully ISO 9001:2015 accredited through DNV-GL. ISO 9001 is an internationally recognised quality management system and demonstrates OTAQ's commitment to consistency, continual improvement and customer satisfaction. The certification also demonstrates its ability to consistently deliver products and services to market whilst meeting statutory and regulatory requirements by applying an effective quality management system.