News: JRV Jervois Global Says Implemented Further Cost Reductions Across Its Business

March 7 (Reuters) - Jervois Global Ltd (JRV) :

• HAS IMPLEMENTED FURTHER COST REDUCTIONS ACROSS ITS BUSINESS
• REDUCED SENIOR CORPORATE MANAGEMENT ROLES, WITH 30% OF POSITIONS MADE REDUNDANT OR PART-TIME
• JERVOIS NON-EXECUTIVE DIRECTORS WILL ALSO REDUCE THEIR FEES BY 30%, EFFECTIVE 1 FEBRUARY
• ALSO FROZEN ANNUAL SALARY INCREASES FOR 2024 ACROSS CORPORATE GROUP, AND AT ITS SITES, WHERE LEGALLY PERMISSIBLE
• CONTINUES TO ADVANCE, WITH 5% REDUCTION IN WORKFORCE, EUR 1.0 MILLION IN ANNUAL PAYROLL COST SAVINGS ACROSS 1H AT JERVOIS FINLAND

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