AFC Energy Regulatory News (AFC)

The following amendment(s) has (have) been made to the 'Directorate Changes' announcement released on 6 December 2017 at 7.00 a.m. under RNS No 4835Y.

The addition of two Leclanche UK Limited and Breaking Waves Charters Limited. All other details remain unchanged. The full amended text is shown below.

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement via a Regulatory Information Service ("RIS"), this inside information is now considered to be in the public domain.

6 December 2017

AFC Energy PLC

("AFC Energy" or the "Company")

Directorate Changes

AFC Energy (AIM: AFC), the industrial fuel cell power company, is pleased to announce the appointment of Joe Mangion as a Non-executive Director and Chair of the Audit Committee with immediate effect.

Joe Mangion, a Chartered Accountant, will bring to the Board over 20 years of operational experience within the environmental services and renewable energy sectors, including five years as an institutional investor and over five years as an independent consultant. Joe was previously the CEO of Swiss listed Leclanché, S.A. - a developer and producer of large format lithium-ion energy storage and energy management systems, Chairman of Solel Solar Systems Ltd., a private equity backed solar company, and a board member of Airtricity Plc., a private equity backed wind developer. Joe also acted as Group Finance Director of Veolia UK and has executed over $10 billion of M&A and capital markets transactions.

Tim Yeo and Mitchell Field, both long-serving members of the Board of AFC Energy, are stepping down as Non-executive Directors.

John Rennocks, Non-executive Chairman of the Company, commented: "Joe's experience of the storage sector, both operationally and as an investor, is invaluable to AFC Energy as we navigate this transformative period in the Company's history and I would like to extend a warm welcome to Joe as he joins our Board. We look forward to gaining from Joe's contributions to the oversight and governance of our Board and drawing on his expertise.

Tim Yeo served as AFC Energy's Chairman for over a decade and proved invaluable throughout that period of the Company's growth. I would like to express my gratitude to Tim for his assistance and advice over the past few months, and on behalf of the whole team at AFC Energy, we would like to wish Tim all the best for the future.

I would also like to thank Mitchell Field for his valuable contributions to the Company since he joined our Board in 2008. Mitchell has seen AFC Energy through a period of significant change and we would like to wish him all the best in his future endeavours."

Pursuant to Schedule 2 (g) of the AIM Rules for Companies the following is disclosed in relation to Joseph Bernard Mangion:

Current Directorships and Partnerships:

Breaking Waves Charters Limited

Labrador Limited

Talisman Partners & Associates Limited

Parkwood Holdings Limited

Talisman Infrastructure International Limited

Past Directorships and Partnerships held in the previous five years:

Leclanche UK Limited

Talisman Partners LLP

Renergya Finance LLP

Renergya Holdings Limited

Renergya Investment Management Limited

Tunur Limited

Joe does not currently hold any shares in, or options over shares in, the capital of the Company.

For further information, please contact:

About AFC Energy

AFC Energy plc has developed and successfully operated an alkaline fuel cell system, which converts hydrogen into "clean" electricity. AFC Energy's first project, POWER-UP, demonstrated the world's largest operational alkaline fuel cell system at Air Products' industrial gas plant in Stade, Germany in January 2016. The Company is now looking to build upon an already established pipeline of commercial opportunities and drive the findings from the development phase of the technology into a technically optimised and commercially relevant fuel cell system. For further information, please visit our website: www.afcenergy.com