21 November 2024

Eneraqua Technologies plc

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

Grant of Share Options

Eneraqua Technologies plc, a provider of specialist energy and water efficiency solutions, announces that on 21 November 2024, it granted share options ("Options") over 210,000 ordinary shares of 1 pence each ("Ordinary Shares") to John Samuel, Chief Financial Officer.

The Options have an exercise price of 50.0 pence and will vest the third anniversary of the grant of the awards, subject to the grantee's continued service and to the extent to which the performance conditions set for the awards are satisfied.

The performance vesting of up to a distinct 50 percent. of each award will be dependent on the Company's total shareholder return ("TSR") performance over the three year period following the grant of the award relative to the TSR performance (over the same period) of the constituents of the FTSE AIM 100 as at the grant of the award. Sliding scale targets apply.

The performance vesting of up to the other 50 percent. of the award will be dependent on the Company's adjusted earnings per share for the financial year ending 31 January 2027. Sliding scale targets apply.

In respect of each of the above measures, an environmental, social and governance related underpin measure also applies, with a commitment on reducing the level of the Company's Scope 1 emissions over the three-year period.

Notes to editors

Eneraqua Technologies (AIM:ETP) is a specialist in energy and water efficiency. The Group has two divisions energy and water. Energy is the larger division, with the Company focused on clients with end of life gas, oil or electric heating and hot water systems. The Group provides turnkey retrofit district or communal heating systems based either on high-efficiency gas or ground/air source heat pump solutions that support Net Zero and decarbonisation goals.

The water division is a growing service offering focused on water efficiency upgrades for utilities and commercial clients including hotels and care homes.

The activities in both divisions are underpinned by the Company's wholly-owned intellectual property, the Control Flow HL2024 family of products which reduce water wastage and improve the performance of heating and hot water systems.

The Company's main country of operation is the United Kingdom. The Company's head office is based in London with additional offices in Leeds, Washington (Sunderland), India, Spain and the Netherlands. The Company has 168 employees, with the majority employed within the UK. Eneraqua Technologies has received the London Stock Exchange's Green Economy Mark.

To find out more, please visit:  www.eneraquatechnologies.com