Directorate Change

6 January 2025

AFC Energy PLC

("AFC Energy" or the "Company")

Directorate Change

Further to the Company's announcement on 5 September 2024, AFC Energy is pleased to confirm the appointment of John Wilson as its new Chief Executive Officer and an Executive Director, effective today, 6 January 2025.

Gary Bullard steps back from his role as interim Chief Executive Officer with immediate effect, and shall assist John Wilson with an orderly transition. Gary Bullard remains non-Executive Chairman of the Company.

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About AFC Energy

AFC Energy plc is a leading innovator in hydrogen-based power and ammonia cracking solutions, delivering clean energy for on-grid and off-grid applications. The Company's hydrogen fuel cell technology provides a sustainable alternative to diesel power generation, supporting electric vehicle charging, decentralised power systems for construction, and temporary power needs. AFC Energy is also exploring new opportunities across maritime, data centres, and rail, driving the decarbonisation of growing electrification demands.

The Company's subsidiary, Hyamtec, is commercialising proprietary ammonia cracking technology to unlock new opportunities in distributed hydrogen production. This includes hydrogen refuelling, natural gas displacement for industrial processes, and hydrogen combustion engine conversions. Hyamtec's solutions are designed to meet the decarbonisation needs of industries such as mining, cement, asphalt, power generation, and heavy engineering, supporting the global transition to clean energy.