Issue of Equity-Directors’ Dealings-TVR-Rule 17

1 February 2021

EQTEC plc

("EQTEC", the "Company" or the "Group")

Issue of Equity

Directors' Dealings

Total Voting Rights

AIM Rule 17 Update

EQTEC plc (AIM: EQT), a world leading gasification technology solutions company for sustainable waste-to-energy projects, announces the issue of, in aggregate, 66,426,341 new ordinary shares of €0.001 each in the Company (the "New Ordinary Shares") pursuant to existing Director remuneration arrangements and in satisfaction of fees owed to certain strategic suppliers.

Directors' Dealings

As part of the fundraise announced by the Company on 9 July 2020, certain Directors agreed cash reductions to their remuneration for the 12 month period from 1 July 2020 to 30 June 2021 (the "2020 Director Remuneration Arrangements"), which would be satisfied by the issue of shares, at the end of each six month period dated 31 December 2020 and 30 June 2021, at the issue price of 0.45 pence per share.

Accordingly, the Company announces that it has issued, in aggregate, 37,980,000 New Ordinary Shares to the following Directors to satisfy the unpaid remuneration (net of tax where relevant), owed to them for the six months ended 31 December 2020 under the 2020 Director Remuneration Arrangements and on Admission (as defined below), the relevant Directors' interests will be as follows:

Issue of equity to Strategic Suppliers

The Company further announces that it will issue, in aggregate, 28,446,341 New Ordinary Shares (the "Supplier Shares") to certain strategic service providers who have provided business development and advisory services to the Group, and who previously agreed to receive such shares in satisfaction of fees due to them, such number of shares being determined by reference to the share price at certain points in time. The Supplier Shares will reduce the Group's creditors by £136,500. Included in the Supplier Shares are 12,844,444 New Ordinary Shares to be issued to Morichella Associates Limited, a company owned and controlled by Jeffrey Vander Linden, an Executive Director of the Company. Under a consultancy agreement entered into prior to Mr Vander Linden becoming an employee of the Company, which terminated on his appointment as a Director, certain amounts owed to Morichella Associates Limited could be converted into 12,844,444 new Ordinary Shares in lieu of fees owed. On Admission, Mr Vander Linden will be interested in 15,477,732 Ordinary Shares representing 0.22% of the Company's then issued share capital.

AIM Rule 17 Update

The Company also takes the opportunity to update the position in relation to Mr David Palumbo, Chief Executive Officer of the Company, pursuant to AIM Rule 17 and Schedule Two, paragraph (g) of the AIM Rules for Companies: Mr Palumbo was appointed as a director of Eagle Tower Investments Limited on 8 November 2005 and resigned on 24 April 2009. A receiver was appointed on 1 March 2010 and the commencement of winding up the company began on 18 May 2011 and concluded on 12 November 2014. The company was subsequently dissolved via a company liquidation on 19 February 2015.

Admission and Total Voting Rights

The Company will make an application to London Stock Exchange plc for the 66,426,341 New Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and dealings will commence on or around 5 February 2021. The New Ordinary Shares will rank pari passu with the existing Ordinary Shares.

Following Admission, there will be 7,093,912,190 Ordinary Shares in issue. This number may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company.

This announcement contains inside information as defined in Article 7 of the EU Market Abuse Regulation No 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("UK MAR") and has been announced in accordance with the Company's obligations under Article 17 of UK MAR.

ENQUIRIES

About EQTEC plc

EQTEC is a world leading gasification technology partner with proven proprietary patented technology for sustainable waste-to-value applications.

EQTEC designs and supplies advanced gasification solutions that have a higher efficiency product offering and are modular and scalable from 1MW to 25MW. EQTEC's versatile solutions are independently proven to process over 50 different types of feedstock, including municipal waste, agricultural waste, biomass and plastics with no hazardous waste or toxic emissions. EQTEC's solutions produce a uniquely pure high-quality synthesis gas (syngas), that is capable of being used for the widest applications in the creation of energy, hydrogen and biofuels.

EQTEC's proprietary technology design together with deployment and maintenance capabilities mitigate the risks when using third party equipment. EQTEC's Technology Integration capabilities enable the Group to lead collaborative ecosystems that build sustainable waste elimination and green energy infrastructure.

The Company is quoted on AIM (ticker: EQT) and the London Stock Exchange awarded EQTEC the Green Economy Mark that recognises listed companies with 50% or more of revenues from environmental/green solutions.

Further information on the Company can be found at www.eqtec.com.

PDMR Notification Form:

The notification below is made in accordance with the requirements of UK MAR: