Eqtec Regulatory News (EQT)

1 March 2021

EQTEC plc

("EQTEC", the "Company" or the "Group")

Exercise of warrants

Total Voting Rights

EQTEC plc (AIM: EQT), a world leading gasification technology solutions company for sustainable waste-to-energy projects, announces the exercise of certain warrants to subscribe for new ordinary shares in the Company ("New Ordinary Shares").

Exercise of warrants

The Notice to exercise the warrants was received from Altair Group Investment Limited ("Altair"), the Company's 19.36% shareholder. Warrants over 114,000,000 New Ordinary Shares at a price of 0.25 pence per share have been exercised by Altair. The aggregate gross proceeds of the exercise receivable by the Company amounts to £285,000. These warrants were issued as part of the equity fundraise completed by the Company on 2 December 2019 and represent a full exercise of the remaining warrants issued to Altair as a result of their equity subscription at that time.

Use of proceeds

It is intended that the proceeds from the exercise of the warrants will be used to repay a portion of the £1,250,000 loan drawn down by the Company from Altair, announced on 4 January 2021. Following the repayment of £285,000 the loan balance together with accrued interest will amount to £976,096.

Admission and total voting rights

The Company will make an application to the London Stock Exchange plc for the 114,000,000 New Ordinary Shares, to be issued and allotted as a result of the warrant exercises set out above, to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and dealings will commence on or around 4 March 2021. The 114,000,000 New Ordinary Shares will rank pari passu with the existing Ordinary Shares.

Following Admission, there will be 7,207,912,190 Ordinary Shares in issue. This number may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company.

Following Admission, Altair will be interested in, in aggregate, 1,487,424,441 Ordinary Shares representing 20.64 per cent. of the Company's issued share capital as enlarged.

This announcement contains inside information as defined in Article 7 of the EU Market Abuse Regulation No 596/2014 and has been announced in accordance with the Company's obligations under Article 17 of that Regulation.

ENQUIRIES

About EQTEC plc

EQTEC is a world leading gasification technology partner with proven proprietary patented technology for sustainable waste-to-value applications.

EQTEC designs and supplies advanced gasification solutions that have a higher efficiency product offering and are modular and scalable from 1MW to 25MW. EQTEC's versatile solutions are independently proven to process over 50 different types of feedstock, including municipal waste, agricultural waste, biomass and plastics with no hazardous waste or toxic emissions. EQTEC's solutions produce a uniquely pure high-quality synthesis gas (syngas), that is capable of being used for the widest applications in the creation of energy, hydrogen and biofuels.

EQTEC's proprietary technology design together with deployment and maintenance capabilities mitigate the risks when using third party equipment. EQTEC's Technology Integration capabilities enable the Group to lead collaborative ecosystems that build sustainable waste elimination and green energy infrastructure.

The Company is quoted on AIM (ticker: EQT) and the London Stock Exchange awarded EQTEC the Green Economy Mark that recognises listed companies with 50% or more of revenues from environmental/green solutions.

Further information on the Company can be found at www.eqtec.com.