RNS

25 April 2022

SIMEC ATLANTIS ENERGY LIMITED
("SAE", the "Company" and, together with its subsidiaries, the "Group")

SAE announces new CFO to drive forward the delivery of its projects

SAE is pleased to announce that Mr Simon Hirst has been appointed as an Executive Director of the Company and will serve as the Group Chief Financial Officer.

Mr Hirst has worked at SAE since 2015 and has primarily been responsible for all financial and commercial aspects of the MeyGen project. Before joining SAE, Mr Hirst gained international blue-chip corporate experience at a number of organisations including ExxonMobil, Pepsi Cola, Iron Mountain and international power generation company InterGen. Mr Andrew Charters has resigned his position on the Board and has stepped down as CFO. He will remain with the Group during a transition period. These changes are with immediate effect.

SAE Chairman, Duncan Black commented:

"We are delighted to welcome Simon to the Board.  Simon brings a wealth of experience and knowledge of the Group and our projects as well as a wealth of very relevant external experience. This appointment follows his success in helping MeyGen to secure the recently announced additional funding from Scottish Enterprise and recognises the huge contribution he has made to the Group to date. I would also like to thank Andrew for

his contributions to the Group and wish him well in his future endeavours."

AIM Rules Schedule 2(g)

There are no further relevant disclosures under Schedule 2(g) of the AIM Rules.

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Notes to Editors

SIMEC Atlantis Energy

SAE is a global developer, owner, and operator of sustainable energy projects with a diverse portfolio in various stages of development.

https://www.simecatlantis.com/

More on the MeyGen Project: https://simecatlantis.com/projects/meygen/

More on the Uskmouth Project: https://simecatlantis.com/project-development-operation/simec-uskmouth-power/