Regulatory News

OTAQ plc

("OTAQ" or the "Company")

OTAQ, the marine technology products and solutions group for the global aquaculture and offshore oil and gas industries,announces that it has today posted to shareholders the Annual Report for the year ended 31 March 2021 and Notice of the Annual General Meeting ("AGM').The AGM will be held in person at 8-3-4 Harpers Mill, South Road, White Cross, Lancaster, LA1 4XF on 24 September 2021 at 1pm.

In order to assist the Board with its risk assessment regarding safe social distancing at the AGM, shareholders intending to attend the AGM are asked to register their intention as soon as practicable by email to Matt Enright using the following email address: [email protected].

Should circumstances change, and it becomes necessary or appropriate to make changes to the proposed format of the AGM, the Board will inform shareholders at the earliest opportunity. Given the potential for changes in arrangements as a result of the COVID-19 pandemic, the Board strongly encourages shareholders to vote by appointing the Chairman of the AGM as their proxy and exercising their voting preference using the proxy voting card.

The Annual Report for the year ended 31 March 2021 and Notice of AGM will shortly be available on the Company's website atwww.otaq.com.

Contacts:

About OTAQ:

OTAQ is a highly innovative marine technology company focused on the marine aquaculture, offshore energy, renewables and oceanographic research sectors. It has 36 employees in four worldwide locations: Lancaster, Aberdeen and Ulverston in the UK and Puerto Montt in Chile. OTAQ's marine technologyportfolio includes a market-leading intelligent acoustic deterrent system, designed to protect marine-based aquaculture sites from predation, with multiple systems deployed in Scotland, Chile, Finland and Russia.

The Oceansenseleak detection systems have a global reputation as the industry standard solution and have been deployed successfully on hundreds of jobs.The Dragonfish

It seeks to develop and continuously improve its products using its specialist mechanical, electronic and software engineers with decades of experience in bringing underwater technology products to market.

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.