29 December 2021

Proton Motor Power Systems plc

("Proton Motor" or the "Company")

Result of General Meeting and completion of subdivision

Proton Motor Power Systems plc (AIM: PPS), Europe's leading designer, developer and producer of fuel cells and electric hybrid systems with a zero-carbon footprint, is pleased to announce that, at the Company's General Meeting ("GM") held earlier today, all resolutions put to shareholders were duly passed.

The proxy voting results of the resolutions will shortly be available on the Company's website at https://www.protonmotor-powersystems.com/.

Details of the Subdivision, approved at today's GM, were set out in the Company's announcement on 13 December 2021, including the timetable of events.  Application has been made for the New Ordinary Shares to be admitted to trading on AIM and dealings in the New Ordinary Shares are expected to commence at 8:00 a.m. tomorrow.

Following Admission, the new ISIN code for the Company's ordinary shares of 0.5 pence each will be GB00BP83GZ24 and their new SEDOL code will be BP83GZ2.

Total Voting Rights

Upon Admission, the Company's issued share capital will consist of 1,548,740,548 ordinary shares of 0.5 pence each with one voting right each. The Company does not hold any Ordinary Shares in treasury. Therefore, the total number of Ordinary Shares and voting rights in the Company will be 1,548,740,548. With effect from Admission, this figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

Unless otherwise defined herein, capitalised terms used in this announcement shall have the same meanings as defined in the announcements published on 7 and 13 December 2021.

 For further information:

About Proton Motor Fuel Cell GmbH

Proton Motor has more than 20 years of experience in Power Solutions using CleanTech technologies such as hydrogen fuel cells, fuel cell and hybrid systems with a zero carbon footprint.  Based in Puchheim near Munich, Proton Motor offers complete fuel cell and hybrid systems from a single source - from the development and production through the implementation of customized solutions.  The focus of Proton Motor is on back-to-base, for example, for mobile, marine, stationary and rail solutions applications.  The product portfolio consists of base-fuel cell systems, standard complete systems, as well as customized systems.

Proton Motor serves IT, Telecoms, public infrastructure and healthcare customers in Germany, Europe and Middle East with power supply solutions for DC and AC power demand. In addition to power supply, SPower also offers solutions for Solar Systems as well as a new product line for Solar Energy Storage.

Proton Motor Fuel Cell GmbH is a wholly owned subsidiary of Proton Motor Power Systems plc. The Company has been quoted on the AIM market of the London Stock Exchange since October 2006 (code: PPS).