Press Release 14th October 2013

Morgan Technologies Ltd.

Further to the decisions taken in January of this year, Morgan Technologies would like to announce that Charles Morgan is no longer part of the management team or Board of Directors of the company. Over recent months, and in response to the growth in volumes, model range and overseas markets, the management team has been strengthened across a number of different areas, reflecting the scale and complexity of an increasingly global business. Whilst these are significant developments for the company, setting it up to compete in an increasingly demanding global market, the family owners, Directors and team at the company look forward to sharing more news with the wider Morgan world that we believe creates an ever more exciting future whilst remaining conscious of the unique attributes of the Morgan brand.

Board of Directors