25/04/2016

Smart Metering Systems plc confirms that Paul Dollman, Non-Executive Chairman of SMS, has indicated to the board of directors (the “Board”) that it is his intention to step down from his position and from the Board with effect from the Company’s forthcoming Annual General Meeting (the “AGM”) in order to concentrate on his other business interests.

Paul joined the Board in 2013 and has served as Chairman throughout this time, a period of significant growth and development for the Company as it has built the foundations to be a leading participant in the UK's domestic smart meter exchange programme, which is now well underway.

Willie MacDiarmid, a Non-Executive Director of the Company since 2014, will assume the role of Non-Executive Chairman with effect from the closing of the AGM. Willie is a proven executive and non-executive with a background in the energy sector who has had involvement at the highest level with the last two UK Governments on a variety of strategic and operating working groups. Formerly a member of the ScottishPower executive team, he successfully led ScottishPower through the deregulation of the UK energy market and served on their investment committee. ScottishPower's successful metering business was part of his portfolio.

He is currently Chairman of the Ogilvie Group and Fallago Rigg WindFarm, a renewables joint venture between Hermes and EDF Renewables. He is also a Non-Executive Director of Scottish Water Business Stream Limited.

A process to identify and appoint an additional Non-Executive Director to the Board is already underway and further announcements will be made in due course.

For further information:

Smart Metering Systems plc 0141 249 3850 Alan Foy,

Chief Executive Officer Glen Murray, Finance Director Cenkos Securities 0131 220 6939 / 0207 397 8900
Neil McDonald
Nick Tulloch

Kreab 020 7074 1800
Matthew Jervois
Natalie Biasin
Daniel Holgersson

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