23 June 2023

EQTEC plc

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

Grant of Long-term Incentive Plan Options

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 that, on 23 June 2023, its Board of Directors approved the award of options over a total of 753,802,555 ordinary shares of €0.001 each in the Company ("Ordinary Shares") under the EQTEC All Employee Long-term Incentive Plan, launched in 2021 (the "Options") (the "LTIP").

The number of Options awarded under the LTIP represent the maximum total share options available to employees of the Company on the basis of 2023 performance against vesting conditions set annually in line with the Company's annual performance targets. Awards have been calculated by reference to a price of 0.25p, being a 39% premium to the closing share price of 22 June 2023. Subject to vesting conditions of the LTIP, which include personal commitment (40%) and Company performance conditions (60%), up to one-third of the Options shall vest each year, commencing on the first anniversary of award. The LTIP awards represent a significant portion of executive remuneration linked with the performance of the Company. Pursuant to the terms of the LTIP, the Options are exercisable at €0.001 each, being the nominal value of an Ordinary Share.

Included within the total 753,802,555 options awards for 2023 ("Awards") are the following to directors of the Company as part of their annual remuneration and incentivisation packages:

The objective of the LTIP is to continue to progress individual and team performance in line with Company performance, thereby creating value for shareholders while minimising cash outlay. All Company executive directors and employees are eligible to participate in the LTIP as part of a broader all-company remuneration strategy and the scheme allows all employees to participate in the long-term success of the Company.

Following these grants, the Company has, in aggregate, 1,281,640,323 warrants and options in effect under existing incentive schemes.

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.

PDMR Notification

The notifications below are made in accordance with the requirements of UK MAR: