AFC Energy Regulatory News (AFC)

6 June 2023

AFC Energy plc

("AFC Energy" or the "Company")

Board Changes

AFC Energy (AIM: AFC), a leading provider of hydrogen energy solutions, wishes to announce that Jim Gibson has indicated his intention to step down from his role as Executive Director from 9 June 2023, and as Chief Operating Officer at the conclusion of his contractual notice period.

Jim has been a strong and loyal supporter of the Company since joining initially as a contractor in 2016. Since this time, Jim has worked as a member of the Executive Management Team supporting the Company's technology and market based repositioning to a focused disruption of the diesel generator market.

Adam Bond, Chief Executive Officer of AFC Energy, said "On behalf of the Board, I wish to thank Jim for the support he has provided to the Company and to me personally over the past several years. Jim's solid engineering and commercial experience has supported the business' growth from a research focussed company to one now embarking on widespread deployment, based on a sound and increasingly field proven technology platform. The Company wishes Jim all the very best for the future".

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About AFC Energy

AFC Energy plc is commercialising scalable "flex fuel" fuel cell systems, to provide clean electricity for on and off grid applications. The technology, pioneered over the past twelve years in the UK, is now deployable in electric vehicle chargers, off-grid decentralised power systems and data centre applications with emerging opportunities across maritime and rail as part of a portfolio approach to the decarbonisation of local electricity needs.