16 August 2023

ATOME ENERGY PLC

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

Distribution of Information Memorandum for project financing

Generation of a significant amount of valuable carbon credits

New investor video and presentation released

Investor Meet Company Investor Presentation

ATOME (AIM: ATOM), the only international green hydrogen, ammonia, and fertiliser project development company on the London Stock Exchange, with current large-scale projects in Latin America and Europe, as well as hydrogen mobility projects, announces an update on the financing of its Phase 1 Villeta project ("the Project") as well as the emissions saving impact of the Project.

Highlights:

·   Information Memorandum ("IM") has been issued by Natixis Corporate & Investment Banking, ATOME's international financial adviser, to potential project financiers

·   Carbon footprint analysis indicates the availability of a significant amount of carbon credit revenue generation, with some 500,000 credits potential each year

·     Release of a new investor video and presentation on the Company's website

·     Management to present to all shareholders via Investor Meet Company on 6 September 2023

Distribution of Information Memorandum

ATOME is pleased to advise that Natixis Corporate & Investment Banking, acting as international financial adviser to the Project, has issued an Information Memorandum on the Company's behalf, and a virtual data-room has been opened to provide access to numerous parties who have registered their interest in the financing of the Project which will deliver 100% green fertiliser to both South American and European markets. The IM contains key information on all aspects of the Project and is a material step towards securing project level funding in order to provide the Company with the optimum funding solution, including with IDB Invest, the Washington DC based multilateral for the Americas, already onboard with a signed mandate.

The IM is accompanied by a new investor video, a version of which is available on the Company's website, along with a new corporate presentation, detailing the history and rationale of the Project, together with interviews with the CEO and other members of the executive team. The video also previews the schematics of the world's first, 100% renewable energy powered, green calcium ammonium nitrate ("CAN") production facility at Villeta.

https://www.atomeplc.com/media/

The work towards Final Investment Decision ("FID") is progressing in line with expectations, with engineering, procurement, and construction discussions with contractors, the Environmental and Social Impact Assessment ("ESIA"), and positive discussions with potential offtakers, all advancing well in parallel with FID remaining on schedule for Q4 2023.

Carbon Credits

Initial carbon footprint analysis indicates a potential displacement of some 500,000 tons of carbon dioxide-equivalent ("CO₂-eq") each year from the production of green CAN fertiliser at Villeta when compared to the production and use of "grey" CAN made from fossil-fuels. This analysis was performed according to IPCC and GHG Protocol guidelines and is subject to verification by an independent third-party.

As a result, the Company estimates that it has the potential to generate approximately 500,000 valuable carbon credits each year. Over a 25-year lifetime, this represents over 12 million credits generated, i.e., CO₂-eq displacement, being the equivalent of offsetting the annual emissions from 2.7 million passenger cars on the road.

The value of the credits will be verified subsequently by a third party as this price is dependent on future market conditions, like any commodity. For reference, carbon pricing under the European Union Emissions Trading System ("EU ETS") compliance market is regularly trading between €80 and €100 per ton. From 2026, the introduction of the Carbon Border Adjustment Mechanism ("CBAM") in the EU will require importers of hydrocarbon-based ammonia and fertiliser to buy certificates corresponding to such EU ETS pricing.

Investor Meet Company Presentation

ATOME is pleased to announce that Olivier Mussat, Chief Executive Officer of ATOME, will provide a live presentation via the Investor Meet Company platform on 6 September 2023 at 11:00am BST.

The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via your Investor Meet Company dashboard up until 9am the day before the meeting or at any time during the live presentation.

Investors can sign up to Investor Meet Company for free and add to meet ATOME's senior management team via: https://www.investormeetcompany.com/atome-energy-plc/register-investor

Investors who already follow ATOME Energy PLC on the Investor Meet Company platform will automatically be invited.

Olivier Mussat, CEO, commented:

"Our Phase 1 Villeta project has clear sustainable development impacts, creating local employment, value for Paraguay, and reducing greenhouse gas emissions in the agricultural sector. With increasing climate pressure on the fertiliser sector, the initial analysis of the potential carbon credits generation suggests a potential significant stream of value-added revenue creation.

"The issue of the IM to the interested funding parties is another major step towards FID being delivered as projected in Q4 of this year.

"Our Project will, in the opinion of the directors, produce the world's most affordable green fertiliser by the end of 2025. In this regard, our green CAN will not only service the South American market but also much nearer home will be able to service the farmers in the United Kingdom and Ireland, as well as continental Europe, where our detailed research and discussions indicates significant market demand for our product.

"We look forward to continuing the development of the project with our stakeholders."

For more information, please visit https://www.atomeplc.com or contact:

The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. Upon publication of this announcement, this inside information is now considered to be in the public domain. The person who arranged for the release of this announcement on behalf of the Company was Peter Levine, Chairman.

About ATOME

ATOME Energy PLC is an AIM listed company targeting green hydrogen, ammonia, and fertiliser production with over 600-megawatt of projects in Paraguay, Iceland, and Central America.

Since its admission to AIM in December 2021 ATOME has signed its first electrolyser purchase order for its hydrogen transport Mobility Division due to start generating revenue in 2023 and signed a 145MW power purchase agreement with ANDE, the state energy company in Paraguay for production of green ammonia to produce industrial scale premium value green fertiliser in 2025. It has procured 30 hectares of land in Villeta, Paraguay for that facility, mandated Natixis Corporate & Investment Banking and the multilateral IDB Invest to lead the project funding and the FEED study is currently underway with the international companies Urbas and Casale.

In December 2022, ATOME entered into a joint venture with Cavendish, the renewable energy arm of the substantial and well-established Purdy Group based in Costa Rica and formed The National Ammonia Corporation S.A, which is owned equally by ATOME and Cavendish.

ATOME is in the process of operational planning, sourcing and negotiations with green electricity suppliers, equipment providers and offtake partners, including signed memoranda of understanding and cooperation agreements in place with key parties, to use electricity generated from existing geothermal sources in Iceland and hydroelectric power in Paraguay and Costa Rica. All chosen sites are located close to the power and water sources and export facilities to serve significant domestic and then international demand.

The Company has a green-focused Board which is supported by major shareholders including Peter Levine, Trafigura, one of the world's leading commodity and logistics company, and Schroders, a leading fund manager, and from May 2023, Baker Hughes, a global energy technology company operating in the energy and industry sectors.

Forward Looking Statements

Certain statements in this announcement are or may be deemed to be forward looking statements. Forward looking statements are identified by their use of terms and phrases such as ''believe'' ''could'' "should" ''envisage'' ''estimate'' ''intend'' ''may'' ''plan'' ''will'' or the negative of those variations or comparable expressions including references to assumptions. These forward-looking statements are not based on historical facts but rather on the Directors' current expectations and assumptions regarding the Company's future growth results of operations performance future capital and other expenditures (including the amount. Nature and sources of funding thereof) competitive advantages business prospects and opportunities. Such forward looking statements reflect the Directors' current beliefs and assumptions and are based on information currently available to the Directors. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements including risks associated with vulnerability to general economic and business conditions competition environmental and other regulatory changes actions by governmental authorities the availability of capital markets reliance on key personnel uninsured and underinsured losses and other factors many of which are beyond the control of the Company. Although any forward-looking statements contained in this announcement are based upon what the Directors believe to be reasonable assumptions. The Company cannot assure investors that actual results will be consistent with such forward looking statements.

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