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10 August 2022

Hydrogen Utopia International PLC

(the 'Company' or 'HUI')

Grant of Options

Hydrogen Utopia International PLC (AQSE:HUI), a company pioneering non-recyclable waste plastics to hydrogen technology, announces that it has granted EMI share options under the Hydrogen Utopia International PLC Share Option Plan over 1,729,730 new ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") to James Nicholls-May, the Company's CFO (the "Options").

The Options are exercisable at a price of 9.25p per Ordinary Share, being the closing price on 8 August 2022, are not subject to performance conditions and will be exercisable between the first and tenth anniversaries of the date of grant.

The vesting of the Options is conditional on the continued employment of the option holder.

Further details of the option award are set out in the disclosure table below.

For further information please contact:

Hydrogen Utopia International PLC

Aleksandra Binkowska/Guy Peters                

+44 20 3811 8770 

Alfred Henry Corporate Finance Limited (AQSE Corporate Adviser)

Jon Isaacs                                                       

+44 20 3772 0021

Novum Securities Limited (Broker)                                                                    

Jon Belliss/Colin Rowbury                              

+44 20 7399 9400

The Directors of the Company take responsibility for this statement.

For more information about the Company, please refer to our website: www.hydrogenutopia.eu

About Hydrogen Utopia International PLC

HUI aims to become one of the leading new European companies specialising in turning non-recyclable mixed waste plastic into carbon-free fuels, new materials or distributed renewable heat.

A HUI facility uses non-recyclable mixed waste plastic as feedstock and turns it into syngas from which new products and energy can be produced. HUI anticipates that its revenues will be derived from a variety of sources, dependent upon location and configuration of the HUI facilities, including the sale of syngas, hydrogen and other gases, electricity and heat sales, and the payment to it of fees for a given quantity of non-recyclable mixed waste plastic received at a HUI facility.

HUI will target areas where there is significant private sector interest or potential, financial backing is accessible and or where substantial EU and/or government funded sources of grants and loans are or may be available. The global increase in fossil fuel-based energy prices reinforces the need for alternative, price competitive energy sources, which HUI's business model can provide.

The pressing need to deal with growing amounts of waste plastic combined with a real momentum in the use of hydrogen from renewable sources may pave the way for a rapid deployment of and investment in HUI facilities.