9 June 2025

ITM Power PLC

Appointment of New Non-Executive Chair

ITM Power is pleased to announce the appointment of Jürgen Nowicki as Non-Executive Chair of the Board, effective from 15 January 2026. Sir Roger Bone, the incumbent Non-Executive Chair, will retire on the same date.

Jürgen brings deep industrial expertise and a strong track record in the global hydrogen sector and the wider industrial gases industry. Up until May this year, Jürgen served as CEO of Linde Engineering and as a member of Linde PLC's Executive Leadership Team. Before that, he held various senior executive positions within Linde's Gases and Forklift division in Germany, the US and the Czech Republic. His extensive experience in large-scale engineering and the international markets aligns strongly with ITM's strategy to further scale and commercialise its technology. Jürgen served as Linde's nominated Board representative from November 2019 until January 2025 and his new term as Non-Executive Chair will take into account his prior appointment tenure at ITM.

Sir Roger Bone has served as Non-Executive Chair since 2019 and as Non-Executive Director since 2014. During Sir Roger's chairmanship, ITM transitioned from a development-stage company to an established commercial business and market leader in electrolysers, and strengthened its governance and leadership team.

Dennis Schulz, CEO, commented, "Jürgen's appointment as Chair signals our ambition. He brings sharp strategic instinct and industry depth. His experience and customer contacts will be invaluable as we execute the next phase of our growth strategy.

"On behalf of the Board and the wider ITM team, I would like to extend our sincere thanks to Sir Roger Bone for his stewardship, wise counsel, and unwavering support over the past years. His commitment and leadership helped guide the Company through a crucial phase of transformation."

Jürgen Nowicki said: "I am deeply honoured to take on the role of Chair at ITM during this pivotal moment in the Company's growth. As we continue to lead the charge in green hydrogen innovation, I firmly believe that this technology will play a central role in the global energy transition. ITM stands at the forefront of this transformation, uniquely positioned with its cutting-edge technology and robust manufacturing capabilities.

"Having had the privilege of working with Dennis previously, I'm excited to renew our partnership. Together, we will accelerate ITM's growth and enhance long-term value.

"Lastly, I would like to extend my heartfelt thanks to Sir Roger Bone for his outstanding leadership, commitment, and contributions to ITM. It has truly been an honour working alongside him, and I look forward to building on the strong legacy he leaves."

 Director information

Jürgen Nowicki, aged 61, holds or has held the following directorships/partnerships in the past five years:

Save as set out above, there is no further information to be disclosed in relation to Jürgen Nowicki's appointment pursuant to AIM Rule 17 or 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 was founded in 2000 and ITM Power PLC was admitted to the AIM market of the London Stock Exchange in 2004. Headquartered in Sheffield, England, ITM Power designs and manufactures electrolysers based on proton exchange membrane (PEM) technology to produce green hydrogen, the only net zero energy gas, using renewable electricity and water.