Fluence Corporation Limited (ASX: FLC; the “Company”) is very pleased to announce the appointment of Nikolaus Oldendorff as a Non-Executive Director of the Board effective immediately.

Mr. Oldendorff currently serves as the Managing Director of Reederei Nord GmbH (“Nord”), an international shipping company that operates a fleet of approximately 35 vessels for transportation of crude and petroleum products, dry bulk commodities and containers. With a workforce of over 1,100 employees, Nord invested more than US $1.2 billion in new shipping assets over the last 8 years.

In addition to his executive role at Nord, Mr. Oldendorff currently serves on the board of Maritime & Merchant Bank ASA, a specialised Norwegian bank founded in 2017. M&MB offers first-priority mortgages to shipping companies and offshore services and has securitised more than US $1 billion in loans to the shipping sector since its founding. Mr. Oldendorff also serves as a German representative on the Baltic and International Maritime Council, which actively shapes international maritime policies and advocates for the interests of shipowners worldwide.

Fluence Chairman Doug Brown commented: “We are delighted to welcome Nikolaus to the Fluence Board. Over the last several years, Niko has shown a keen interest in, and unwavering support for, the Company. I am confident that with his impressive background and passion for the business, he will make an immediate and lasting impact on the Company as a member of our Board.”

Additional Information
This announcement is authorised for lodgement on the ASX by the Managing Director of Fluence Corporation Limited.
-ENDS

For further information, please contact:

Australia:
Andrew Angus
Investor Relations
E: [email protected]
P: +61 402 823 757

United States of America:
Thomas Pokorsky
Managing Director & CEO
E: [email protected]