VLS.L Regulatory News (VLS)

News Release

Velocys plc

("Velocys" or "the company")

24 March 2020

Velocys update - COVID-19

Velocys plc (VLS.L), the sustainable fuels technology company, is today providing an update on the measures it is taking to manage the risk presented by the Coronavirus pandemic (COVID-19).

The health and safety of Velocys' employees, and those of our customers, partners and suppliers, is the Board's top priority. The Company is regularly reviewing working practices in the light of the latest information and safeguarding recommendations as the COVID-19 situation evolves.

The Company has the necessary technology platforms to support efficient working among teams over a wide geographical spread, which are well adapted to the present circumstances. All our employees are now able to efficiently work from home and we have a dedicated COVID-19 response team in place.

The Board remains attentive towards its business operations during these unprecedented times.

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Notes to Editors

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

Velocys is currently developing projects in Natchez, Mississippi, USA (incorporating Carbon Capture Use and Storage) and 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