This is a correction notice press release to the incorrect version which was sent out this morning.

Riku Kytömäki has started today as the CEO of Betolar Plc. Mr Kytömäki transfers to Betolar from Exel Composites Plc. where he was leading the company for almost nine years. Before that he has held several international leadership positions at ABB.

Kytömäki also holds several board positions in international companies and organizations such as Teknikum Group Ltd. He has an extensive international management experience especially from Asian markets where Betolar has expanded during the last year.

"We are very happy to welcome Riku Kytömäki to lead Betolar and take the next steps in the growth plans of the company. We especially appreciate his international management experience. I want to also thank Matti Löppönen for his contribution to the company", says Tero Ojanperä, Chairman of the Board of Directors at Betolar Plc.

Riku Kytömäki will start his career at Betolar in Finland by visiting the company's headquarters and domicile in Kannonkoski where the company's laboratory and R&D and innovation unit is located. At the same time, he will meet local personnel and familiarize with the company's material technology in a practical manner.  On Friday he will continue familiarizing with the company and the expertise of the personnel in the company's new office at Espoo where the company' R&D unit is located.

"I am really excited to start working with Betolar's team and to implement the strategy together. Betolar is in an interesting phase now and there is a great potential for this fantastic Finnish innovation; Geoprime solution in the global low carbon construction", tells Riku Kytömäki, CEO of Betolar Plc.

More information:

Joanna Viileinen, Marketing and Communications Director, Betolar Plc, Joanna.viileinen@betolar.com,tel. +358 40 538 3366

About Betolar

Betolar Plc is a Finnish materials technology company that offers the production of sustainable and low-carbon concrete with the Geoprime® solution. The solution converts several previously unused high-volume industrial side streams into a substitute for cement.

Betolar's innovation can significantly reduce CO2 emissions at a competitive cost compared to conventional cement-based concrete manufacturing, leveraging the existing manufacturing processes. Betolar's mission is to enable the green transformation of various industries globally, especially in the construction, process and energy industries by providing solutions to utilise its unique materials technology.

Betolar was founded in 2016 and is headquartered in Kannonkoski, Finland. Betolar is listed on the Nasdaq First North Growth Market. www.betolar.com