Completion of Sale of MMS business

Morgan Advanced Materials plc

13 November 2025

Completion of Sale of Molten Metal Systems business ("MMS")

Further to the announcement of 22 August 2025, Morgan Advanced Materials plc ("Morgan" or the "Group"), the global manufacturer of advanced carbon and ceramic materials for complex and technologically demanding applications, announces that on 12 November 2025 it completed the sale of its MMS business.

The disposal of MMS simplifies Morgan, and is in line with the Group's strategy to accelerate its organic growth and generate higher returns by focusing on specific markets. The sale is expected to improve the financial position of the Group and provide optionality both for investment in growth and enhanced shareholder returns in line with our capital allocation priorities.

Morgan's LEI code is I4K14LL95N2PHDL7EG85.

For further enquiries:

Richard Armitage, CFO                                   Morgan Advanced Materials                       01753 837 000

Nicholas Frost, Investor Relations                                            

Nina Coad                                                           Brunswick                                                           0207 404 5959

Important notice:

This announcement contains forward-looking statements. These statements have been made in good faith based on the information available up to the time of the approval of this announcement. No assurance can be given that these expectations will prove to have been correct. By their nature, forward-looking statements involve risks, uncertainties or assumptions that could cause actual results to differ materially from those expressed or implied by these forward-looking statements. As such, undue reliance should not be placed on forward-looking statements.

 The Directors undertake no obligation to update any forward-looking statements whether as a result of new information, future events or otherwise.