23 March 2026

AFC Energy Plc

("AFC Energy" or the "Company")

Notice of 2026 Annual General Meeting and Change of Name

AFC Energy Plc (AIM: AFC), a leading provider of ammonia-based low carbon hydrogen production and hydrogen-to-power solutions at a commercially viable price point, announces that its Annual Report for the year ended 31 October 2025 and notice convening the Company's 2026 Annual General Meeting (the "AGM") have been posted today to those shareholders who have elected to receive a paper copy and are available to download on the Company's website at Financial Reports

The Company announces its intention to change its registered name to H-Power plc.  The proposed change of name requires shareholder approval via special resolution at the AGM. Further detail in respect of the change of registered name is available at CEO Statement and at Name Change FAQs

The AGM will be held on Thursday 16 April 2026 at 10.30am at the Napier Suite, Brooklands Hotel, Brooklands Drive, Weybridge, Surrey KT13 0SL.

The results of the AGM will be announced via the Regulatory News Service and made available on the Company's website at www.afcenergy.com.

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ABOUT AFC ENERGY

AFC Energy Plc is a leading provider of ammonia-based low carbon hydrogen production and hydrogen-to-power solutions. Our market-leading decentralised ammonia cracker and fuel cell generator products are engineered to unlock the low carbon hydrogen market by meeting customers' needs with scalable, reliable supplies of low carbon hydrogen and power. AFC Energy is enabling customers to decarbonise at a price that is commercially viable.

We are focused on the successful commercial rollout of our core product suite and on creating significant shareholder value by converting our growing opportunity pipeline into contracted orders and delivering sustained revenue growth.

Our core strategy is to develop and deploy products that enable the production of scalable, reliable supplies of clean hydrogen at commercially viable prices and without reliance on government subsidies or incentives. AFC Energy achieves this through our proprietary, decentralised and modular ammonia cracker technology, and providing low carbon, off‑grid power solutions with our fuel cell generators that are competitive with, and capable of displacing, diesel generators on a total cost of ownership basis.

The Company's modular, decentralised ammonia cracker systems have production capacities of approximately 0.5 and 4 tonnes of hydrogen per day respectively. These enable the generation of scaled volumes of low carbon hydrogen at the point of use within a highly compact footprint. Our systems have the potential to drive substantial revenue growth across a wide range of addressable markets, including hard‑to‑abate industrial facilities, transportation and power generation applications.

AFC Energy's fuel cell generator systems are currently offered with generation capacities of 30 kW and 200 kW. They are well-suited to off‑grid, decentralised and temporary power applications, including the displacement of diesel generators on construction and infrastructure sites. Further use cases include electric vehicle charging for cars, buses and trucks, as well as charging of battery‑powered non‑road machinery, with additional emerging opportunities in maritime, data centre and rail applications.

AFC Energy is listed on the London Stock Exchange's AIM Market and headquartered in Dunsfold, Surrey, UK.

Please read more on our website https://www.afcenergy.com/ and follow us on LinkedIn