Gelion PLC

(the "Company" or the "Group")

Director/PDMR Shareholding - Grant of options

Gelion plc (AIM: GELN), the Anglo-Australian energy storage innovator, announces the grant of options ("Options") to subscribe for new ordinary shares ("Ordinary Shares") to Amit Gupta, Chief Financial Officer, in accordance with the terms of the Group's new Share Option Plan.

Mr Gupta was granted 36,432 Options on 21 November 2022. These Options have an exercise price of 0.1 pence and are subject to vesting and exercise conditions of the new Share Option Plan as set out below. Following this grant the total number of Options held by Amit Gupta is 436,432. These Options have been granted to Mr Gupta in recognition of his contributions in Gelion's first year as an AIM quoted company.

Subsequent to this issue of Options, the Group has approximately 5.98 million Options in issue, representing 5.5 % of the Company's issued share capital.

Summary of terms of these Options

These Options will vest in three equal tranches with the final vesting on 31 August 2025 provided on each vesting that Mr Gupta is in continuous employment with Gelion. The Options expire, to the extent that they have not been exercised, on 21 November 2032.

All Options are subject to both malus and clawback provisions and good and bad leaver provisions. All unvested options will vest in certain corporate events such as a takeover of the company or a change of control. In these circumstances the Options would normally vest and become exercisable in full unless the Board decides that the Option will be pro-rated to take account of the date the corporate event took place during the normal vesting period.

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