AFC Energy Regulatory News (AFC)

AFC Energy plc

 ("AFC Energy" or the "Company")

Result of AGM

AFC Energy (AIM: AFC) is pleased to announce that, at the Company's Annual General Meeting today, all resolutions were duly passed.

A copy of the presentation given to shareholders at the Annual General Meeting by CEO Adam Bond will be available on the Company's web site www.afcenergy.com.

Directorate change

As announced on 3 March 2015, Sir John Sunderland has decided to step down from the following conclusion of the Company's AGM. The Board are extremely grateful to Sir John for his efforts throughout his time with AFC Energy.

Grant of Share Options

AFC Energy announces that further to their employment last year, the Company yesterday agreed to grant certain employees options over 635,000 ordinary shares representing 0.22% of the current issued share capital (the "Options").

The Options have been granted under the rules of the AFC Energy Plc 2007 Share Option Scheme. The purpose of the Options are to incentivise, retain and attract employees.

The Options are exercisable at a price of 41 pence per Ordinary Share being the closing mid-price on 13 April 2015. The Options shall vest on the 3rd anniversary of the date of grant of the Options, will be exercisable between the 3rd and 10th anniversary of the date of grant but are otherwise unconditional.

Following the issue of the Options there will be EMI options over 8,290,000 Ordinary Shares in issue, representing approximately 2.87% of the current issued share capital of the Company, and 6,947,800 warrants over Ordinary Shares in issue, representing approximately 2.41% of the current issued share capital of the Company.

Director Shareholding

The Company has been informed that on 14 April 2015 Mr Mitchell Field, Director of AFC Energy, purchased 110,000 Ordinary Shares on behalf of his pension at a price of 46.5 pence per share from his own existing direct holding.

Following this transaction Mr. Field and his Related Parties will continue to have a beneficial interest in 2,644,810 shares in the Company, representing 0.92% of the total issued share capital.

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About AFC Energy

AFC Energy plc is fast approaching commercialisation for its proven low-cost alkaline fuel cell system ("KORE"), which converts hydrogen into 'clean' electricity. AFC's key project POWER-UP will demonstrate the world's largest alkaline fuel cell system at Air Products' industrial gas plant in Stade, Germany. The date for the demonstration of the 240kW KORE system has been fast tracked to December 2015, representing the final phase of AFC's pre-commercialisation technical development programme and creating the platform for the Company's global commercial fuel cell deployment. For further information, please visit our website: www.afcenergy.com