VIVOPOWER

ANNOUNCES COMPLETION OF KENSHAW SALE

July 2, 2024 (GLOBE NEWSWIRE) -- VivoPower International PLC (Nasdaq: VVPR, "VivoPower" or the "Company")

is pleased to announce that it has completed the sale of one of its non-core business units, Kenshaw Electrical ("Kenshaw"),

to ARA Group Limited ("ARA"), a leading diversified industrial services group based in Australia. This follows the announcement

on April 29, that a definitive asset sale agreement had been reached with ARA with expected timing for completion of July 1. The divestment

is in line with VivoPower's previously announced strategy to focus on reinvesting in its strong growth businesses including Tembo.

was advised on this transaction by STS Capital Partners in Singapore.

is an award-winning global sustainable energy solutions B Corporation company focused on electric solutions for off-road and on-road

customised and ruggedised fleet applications as well as ancillary financing, charging, battery and microgrids solutions. The Company's

core purpose is to provide its customers with turnkey decarbonisation solutions that enable them to move toward net-zero carbon status.

VivoPower has operations and personnel covering Australia, Canada, the Netherlands, the United Kingdom, the United States, the Philippines,

and the United Arab Emirates.

communication includes certain statements that may constitute "forward-looking statements" for purposes of the U.S. federal

securities laws. Forward-looking statements include, but are not limited to, statements that refer to projections, forecasts or other

characterisations of future events or circumstances, including any underlying assumptions. The words "anticipate," "believe,"

"continue," "could," "estimate," "expect," "intends," "may,"

"might," "plan," "possible," "potential," "predict," "project,"

"should," "would" and similar expressions may identify forward-looking statements, but the absence of these words

does not mean that a statement is not forward-looking. Forward-looking statements may include, for example, statements about the achievement

of performance hurdles, or the benefits of the events or transactions described in this communication and the expected returns therefrom.

These statements are based on VivoPower's management's current expectations or beliefs and are subject to risk, uncertainty,

and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements herein due to changes

in economic, business, competitive and/or regulatory factors, and other risks and uncertainties affecting the operation of VivoPower's

business. These risks, uncertainties and contingencies include changes in business conditions, fluctuations in customer demand, changes

in accounting interpretations, management of rapid growth, intensity of competition from other providers of products and services, changes

in general economic conditions, geopolitical events and regulatory changes, and other factors set forth in VivoPower's filings

with the United States Securities and Exchange Commission. The information set forth herein should be read in light of such risks. VivoPower

is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements whether as a result

of new information, future events, changes in assumptions or otherwise.