VLS.L Regulatory News (VLS)

News Release

Velocys plc

("the Company")

11th August 2020

Mailing of 2019 annual report and AGM notice

Velocys plc (VLS.L), the sustainable fuels technology company, is pleased to announce that copies of the 2019 annual report and accounts, together with the notice of Annual General Meeting, have been sent to all registered shareholders and will shortly be available for viewing on the Company's website, www.velocys.com.

Annual General Meeting

The Annual General Meeting will be held at 10.45 am on Wednesday 2 September 2020 at the registered office of Velocys plc, Magdalen Centre Robert Robinson Avenue, The Oxford Science Park Oxford OX4 4GA.

In line with the UK Government's Stay Alert Guidance, the Annual General Meeting is expected to be held in a format different to that of previous meetings, while still allowing for Shareholders to exercise their voting rights. It is currently intended that the Annual General Meeting will be held with only the minimum number of Shareholders or proxies present as required to form a quorum under the Company's articles of association, and who are essential for the business of the Annual General Meeting to be conducted. The attendance of any additional Shareholder, proxy or corporate representative is not permitted under the Stay Alert Guidance. Full information is set out the notice of Annual General Meeting.

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Notes to Editors

Velocys is an international UK-based sustainable fuels technology company. Velocys designed, developed and now licenses proprietary Fischer-Tropsch technology for the generation of clean, low carbon, synthetic drop-in aviation and road transport fuel from municipal solid waste and residual woody biomass plants currently in construction and development.

Velocys is at present developing two reference projects: one in Natchez, Mississippi, USA (incorporating Carbon Capture, Utilisation and Storage) and one in Immingham, UK, to produce fuels that significantly reduce both greenhouse gas emissions and key exhaust pollutants for aviation and road transport. Originally a spin-out from Oxford University, in 2008 the company acquired a US company based on complementary technology developed at the Pacific Northwest National Laboratory. Velocys is headquartered in Oxford in the United Kingdom.

www.velocys.com