25 July 2022

ITM Power PLC

("ITM Power" or the "Company")

Appointment of Non-Executive Director

ITM Power (AIM: ITM), the energy storage and clean fuel company, is pleased to announce the appointment of Denise Cockrem as a non-executive director with immediate effect.

Denise is Group Chief Financial Officer of Ecclesiastical Insurance Office plc, a specialist insurance provider that is part of the Benefact Group - a charity owned, international family of financial services companies that exist to donate profits to good causes. She joined Ecclesiastical Insurance Office plc in August 2018 from Good Energy Group plc, an AIM listed renewable electricity company where she was Chief Financial Officer.

Before joining Good Energy Group, Denise held a variety of finance roles at RSA Insurance Group, Direct Line, Royal Bank of Scotland and Barclays, which followed roles at Neville Russell and Ernst and Young. She was a Non-Executive Director of Skipton Building Society from September 2015 to April 2021.

Denise is a chartered accountant and a fellow of The Institute of Chartered Accountants in England and Wales.

Sir Roger Bone, Chairman of ITM Power, said: "I am delighted to welcome Denise to the Board of ITM Power. She combines a strong history of knowledge and experience of accounting with valuable experience in the renewable energy sector. She will bring directly relevant skills to the governance and future development of the Company. I am delighted she has agreed to join us and look forward to working with her."

Graham Cooley, CEO of ITM Power, said: "I would like to welcome Denise as a Non-Executive Director. ITM Power will greatly benefit from the wealth of experience that her appointment brings. We look forward to working with her as ITM Power continues to grow."

Denise Cockrem said: "I am excited to be joining the Board of ITM Power. The Company is playing a key role in global efforts to decarbonise fuel and energy, which is hugely important in the road to net zero. I look forward to working with the team to share my experience and help them achieve their ambitions."

Further regulatory disclosures

Other than as disclosed below, there are no further disclosures to be made in accordance with AIM Rule 17 and paragraph (g) of Schedule Two of the AIM Rules for Companies:

For further information please visit www.itm-power.com or contact:

About ITM Power PLC

ITM Power manufactures integrated hydrogen energy solutions for grid balancing, energy storage and the production of renewable hydrogen for transport, renewable heat and chemicals. ITM Power PLC was admitted to the AIM market of the London Stock Exchange in 2004.

ITM Power operates from the world's largest electrolyser factory in Sheffield with a capacity of 1 GW (1,000 MW) per annum and has a plan to grow capacity in line with demand to 5 GW per annum, supported by a £250m equity raise in Q4 2021. Partners include Linde, Shell, Snam, and Vitol among others.

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