AFC Energy Regulatory News (AFC)

The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

1 March 2021

AFC Energy plc

("AFC Energy" or the "Company")

Chairman Retirement

AFC Energy (AIM: AFC), a leading provider of hydrogen power generation technologies, announces that John Rennocks has indicated his intention to retire from his role as the Non-Executive Chairman of AFC Energy, and to step down from the Board, following the Company's forthcoming Annual General Meeting (AGM). The date for the AGM will be announced imminently.

As part of a succession plan already agreed by the Board, the Company's Nomination Committee is currently in discussion with potential candidates and an announcement on the appointment of a new Chair will be made in due course.

The Board thanks John for his commitment and support since being appointed in June 2017 and wishes him well for the future.

-ENDS-

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About AFC Energy plc

AFC Energy plc is commercialising a scalable alkaline fuel cell system, 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 industrial gas plants as part of a portfolio approach to the decarbonisation of local electricity needs.

Afcenergy.com