16 December 2021

EQTEC plc

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

Strategic Partnerships Update

EQTEC plc (AIM: EQT), a world-leading technology innovation company enabling the Net Zero Future through advanced solutions for hydrogen, biofuels, SNG and other energy production, is pleased to provide the following update on new and existing Collaboration Framework Agreements ("CFAs").

H2 Energy Solutions

The Company is entering into a CFA with H2 Energy Solutions Ltd ("H2"), a hydrogen technology investment and project development business headquartered in Germany. The Company and H2 (together, the "Parties"), will collaborate to develop opportunities for deployment of waste-to-hydrogen capabilities and other opportunities, particularly in Germany and Turkey (the "Territory").

The announcement comes as the Company pursues growing demand for a range of offtake applications based on EQTEC's versatile synthesis gas ("syngas"). The Company recently announced exploration of new offtake potential at its Billingham, Teesside project and at its Deeside, Flintshire project, with the latter focused on feasibility for hydrogen production. On 26 November 2021, the Company announced a Strategic Collaboration Agreement with engineering leader Wood for joint development of go-to-market technology solutions for synthetic natural gas ("SNG") and hydrogen production.

Highlights:

The Company will provide further updates as opportunities progress through the collaboration.

MetalNRG

The Company is pleased to announce an enhancement to its existing Framework Partnership Agreement ("FPA") with MetalNRG plc (LON:MNRG) ("MetalNRG"). The FPA was announced on 22 March 2021 with the Company's proposed acquisition of £500,000 worth of MetalNRG shares, which completed in May 2021. On 21 June 2021, MetalNRG was confirmed by the Company as a consortium partner with EQTEC and two other investors for repowering, owning and operating the Italia MDC biomass-to-energy plant in Tuscany, Italy.

Highlights:

This expanded arrangement strengthens ties between the Parties, as MetalNRG continues to invest, develop and deliver sustainable, shovel-ready green energy projects, with a specific focus on biomass and waste-to-energy projects in the UK and Europe, to reduce CO2 emissions and contribute to the achievement of 2050 Net Zero goals, whilst working with EQTEC as a leading technology and innovation partner.

Exercise of warrants, Admission and total voting rights

Warrants over 12,000,000 New Ordinary Shares have been exercised ("Warrant Shares"). The aggregate gross proceeds of these exercises receivable by the Company amount to £30,000.

The Company will make an application to the London Stock Exchange plc for the Warrant Shares and the Consideration Shares, being in aggregate, 35,600,000 new Ordinary Shares, to be issued and allotted set out above, to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and dealings will commence on or around 21 December 2021. The 35,137,255 New Ordinary Shares will rank pari passu with the existing Ordinary Shares.

Following Admission, there will be 8,599,024,926 Ordinary Shares in issue. This number may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company.

David Palumbo, CEO of EQTEC, commented:

"Throughout 2021, the importance of forming and working within robust, strategic collaboration agreements has been a key enabler of EQTEC's strategic growth. These agreements have and will continue to deliver investment, new opportunities and capabilities with financing, complementary technologies, and EPC, allowing us and our partners to explore, qualify and launch in new markets. I look forward to our strengthened working relationship with MetalNRG as they support us with identifying and qualifying new projects and I am eager to collaborate with H2 to expand the geographical reach and application breadth for our highly versatile, waste-to-syngas capabilities for hydrogen and beyond."

More information

This announcement contains inside information as defined in Article 7 of the EU Market Abuse Regulation No 596/2014 and has been announced in accordance with the Company's obligations under Article 17 of that Regulation.

ENQUIRIES

About EQTEC plc

As one of the world's most experienced gasification technology and engineering companies, with a growing track record of delivering operational and commercial success for transforming waste-to-energy through best-in-class technology innovation, engineering and project development, EQTEC brings together design innovation, project delivery discipline and solid commercial experience to add momentum to the global energy transition. EQTEC's proven, proprietary and patented technology is at the centre of clean energy projects, sourcing local waste, championing local businesses, creating local jobs and supporting the transition to localised, decentralised and resilient energy systems.

EQTEC designs, supplies and builds advanced gasification facilities in the UK, EU and US, with highly efficient equipment that is modular and scalable from 1MW to 30MW. EQTEC's versatile solutions process over 50 varieties of feedstock, including forestry wood waste, vegetation and other agricultural waste from farmers, industrial waste and sludge from factories and municipal waste, all with no hazardous or toxic emissions. EQTEC's solutions produce a pure, high-quality synthesis gas ("syngas") that can be used for the widest range of applications, including the generation of electricity and heat, production of synthetic natural gas (through methanation) or biofuels (through Fischer-Tropsch, gas-to-liquid processing) and reforming of hydrogen.

EQTEC's technology integration capabilities enable the Group to lead collaborative ecosystems of qualified partners and to build sustainable waste reduction and green energy infrastructure around the world.

The Company is quoted on AIM (ticker: EQT) and the London Stock Exchange has awarded EQTEC the Green Economy Mark, which recognises listed companies with 50% or more of revenues from environmental/green solutions.

Further information on the Company can be found at www.eqtec.com.