Director Dealing and Exercise of Warrants

29 November 2022

EQTEC plc

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

Exercise of Warrants

Total Voting Rights

EQTEC plc (AIM: EQT), a global technology innovator powering distributed, decarbonised, new energy infrastructure through its waste-to-value solutions for hydrogen, biofuels, and energy generation announces the exercise of certain warrants to subscribe for new ordinary shares in the Company ("New Ordinary Shares").

Exercise of warrants

Warrants over 19,696,881 New Ordinary Shares have been exercised by Mr. Thomas Quigley who is a Non-Executive Director of the Company and considered to be a person discharging managerial responsibilities for the purpose of the UK Market Abuse Regulation. The gross proceeds of the exercise receivable by the Company amount to £49,242.

Admission and Total Voting Rights

Application will be made to the London Stock Exchange for the 19,696,881 New Ordinary Shares, to be issued and allotted as a result of the warrant exercise 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 5^th December 2022. The 19,696,881 New Ordinary Shares will rank pari passu with the existing Ordinary Shares.

Following the exercise, the percentage holding of Mr Quigley will be as per the table below:

Following Admission, there will be 9,421,479,093 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.

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail in respect of the transaction as described above.

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 renewable 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.