On January 10, 2023, the board of directors of Vast Renewables Limited approved and confirmed the appointment of Peter Botten as non-executive director and chairman of the Board and Thomas Quinn as a non-executive director. Mr. Botten was designated as a Class III director, with an initial term expiring at the Company?s third annual general meeting following his appointment. Mr. Quinn was designated as a Class II director, with an initial term expiring at the Company?s second annual general meeting following his appointment.

The appointment of Mr. Botten and Mr. Quinn, as well as the appointments made last month in connection with the closing of Vast?s business combination with Nabors Energy Transition Corp., underscore Vast?s dedication to high standards of corporate governance and strategic oversight. Vast?s board of directors is comprised of esteemed professionals who bring a wealth of experience with listed firms in the U.S. and Australia, as well as deep expertise in the global energy industry. The board will play a pivotal role in shaping the company?s direction, ensuring it remains at the forefront of renewable energy technology, continuing to deliver value to its shareholders, employees, customers and the communities in which it operates.

Mr. Quinn has served as President of AREEA ? Australian Resources & Energy Employer Association since 2017 and as Deputy Chair of St Vincent de Paul Society Victoria since 2021. Mr. Quinn has extensive C-suite experience across international and Australian engineering, construction and maintenance enterprises in multiple sectors including infrastructure, energy, resources, industrial and social services sectors with full P&L accountability in leading global publicly-listed service companies.

Mr. Quinn?s track record of inclusive, accountable leadership has delivered sustainable financial results, cultural and strategic growth through acquisition and organic means in major diversified Australian, European, North American, and Asian businesses. Mr. Quinn also brings global project delivery expertise from 30+ years leading projects and businesses for some of the world?s leading engineering construction companies, including Fluor Corporation, Aker Solutions ASA (f/k/a Aker Kvaerner) and Jacobs Solutions Inc. Mr. Quinn was Executive Advisor on Macquarie Capital?s multi-billion dollar APAC infrastructure, digital and energy team from 2022 until March 2023. From 2016 to 2021, Mr. Quinn was Managing Director and Chief Executive Officer for Broadspectrum.

From 2002 to 2016, Mr. Quinn worked for Aker Kvaerner and then Jacobs Solutions, ultimately serving as Group Vice President North American Upstream & Midstream /GVP Asia Pacific /Managing Director Australia & New Zealand. From 1987 to 2001, Mr. Quinn worked for Fluor where he was Director, General Manager and Major Project Manager at the time of his departure. Mr. Quinn is a fellow of the Institution of Engineers, Australia (IEAust), the Australian Institute of Mining & Metallurgy (AusIMM) and the Australian Institute of Company Directors (AICD).

Mr. Quinn received a Bachelor of Science, Mechanical Engineering (Hons) from Monash University and an Executive MBA from Monash University /Mt. Eliza Business School. Mr. Botten is a distinguished ex-Chief Executive and internationally recognized business leader, with over 40 years of experience in the resources sector.

With an illustrious career, including over 26 years as Managing Director of the international energy company Oil Search, Mr. Botten was one of the longest-serving Chief Executives on the Australian Stock Exchange. During his tenure at Oil Search from 1993 to 2020, the company underwent a remarkable transformation, evolving from a team of seven employees with a market capitalization of approximately $200 million into an industry powerhouse. Under Mr. Botten?s visionary leadership, Oil Search achieved unprecedented growth to a workforce of over 3,000 employees and a market capitalization of an impressive $15 billion.

Mr. Botten has been Deputy Chair of the Board of Directors of Karoon Energy Ltd. since May 2023 and a non-executive director since October 2020, Chair of the Board of Directors of Aurelia Metals Ltd. since October 2021 and Chair of the Board of Directors of Conrad Energy (Asia) since September 2022. Mr. Botten served as a non-executive director of AGL Energy LTD from October 2016 to July 2023 and served as Chair of the Board of Directors from April 2021 to July 2023. Mr. Botten holds a Bachelor of Science ARSM from Imperial College of Science and Technology, London University, Royal School of Mines.

The board now comprises: Peter Botten (Chairman), Tom Quinn, Craig Wood, Colleen Calhoun, William Restrepo, Colin Richardson and John Yearwood.