ALPHAWAVE IP GROUP PLC CFO STEPS DOWN

LONDON, United Kingdom and TORONTO, Ontario, Canada 19 May 2023 - Alphawave IP Group plc (LSE: AWE, the "Company" or "Alphawave Semi") today announces that its Chief Financial Officer (CFO), Daniel Aharoni is stepping down with immediate effect.

On 4 May 2023 Alphawave Semi announced that its CFO, Daniel Aharoni, would step down as CFO and as an Executive Director following the publication of its audited results for FY 2022. Having published its audited results this morning, the Company has now agreed with Daniel Aharoni that he is stepping down as CFO and as an Executive Director with immediate effect.

About Alphawave Semi (LSE: AWE)

Alphawave Semi is a global leader in high-speed connectivity for the World's technology infrastructure. Faced with the exponential growth of data, Alphawave Semi's technology services a critical need: enabling data to travel faster, more reliably and with higher performance at lower power. We are a vertically integrated semiconductor company, and our IP, custom silicon, and connectivity products are deployed by global tier-one customers in data centres, compute, networking, AI, 5G, autonomous vehicles, and storage. Founded in 2017 by an expert technical team with a proven track record in licensing semiconductor IP, our mission is to accelerate the critical data infrastructure at the heart of our digital world. To find out more about Alphawave Semi, visit: awavesemi.com.

Alphawave Semi and the Alphawave Semi logo are trademarks of Alphawave IP Group plc. All rights reserved.

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