Retail Offer for up to £0.3 million

The Board of Clean Power Hydrogen Plc (the "Company") is pleased to announce a retail offer via BookBuild (the "Retail Offer") through the issue of new ordinary shares of £0.01 each in the capital of the Company ("Ordinary Shares"). Under the Retail Offer up to 4,000,000 new Ordinary Shares (the "Retail Offer Shares") will be made available at a price of 7.5 pence per Retail Offer Share (the "Issue Price").

Capitalised terms used in this announcement (the "Announcement") have the meanings given to them in the Company's announcement released at 4.43p.m. on 18 December 2024, unless the context provides otherwise.

In addition to the Retail Offer and, as announced earlier today, the Company proposes to raise £6.0 million (gross) through a conditional placing and subscription of new Ordinary Shares (together with the Retail Offer Shares, the "New Shares") at the Issue Price. For the avoidance of doubt, the Retail Offer is not part of the Placing or Subscription.

The Issue Price represents a discount of approximately 4.5 per cent to the closing share price of 7.85p per existing Ordinary Share on 17 December 2024 (being the latest practicable date prior to the date of this Announcement).

A separate announcement has been made regarding the Placing and Subscription and their terms and sets out the reasons for the Placing and Subscription and use of proceeds. The proceeds of the Retail Offer will be utilised in the same way as the proceeds of the Placing and Subscription.

As previously announced, the Placing, Subscription and Retail Offer will be conditional on obtaining approval of the Shareholders at a General Meeting of the Company, expected to held at Apex Office Space, 1 Water Vole Way, Doncaster DN4 5JP at 11:00 a.m. on 8 January 2025.

The Fundraising is conditional, inter alia, on the New Shares being admitted to trading on the AIM market ("AIM") of the London Stock Exchange plc ("Admission"). It is anticipated that Admission will become effective and that dealings in the New Shares will commence on AIM, at 8.00 a.m. on 9 January 2025.

The Retail Offer is not part of the Placing or Subscription. Completion of the Retail Offer is conditional, inter alia, upon the completion of the Placing and Subscription but completion of the Placing and Subscription is not conditional on the completion of the Retail Offer.

Expected Timetable in relation to the Retail Offer

Retail Offer

The Retail Offer will be open to eligible investors in the United Kingdom at 5:00 p.m. on 18 December 2024. The Retail Offer is expected to close at 4:30 p.m. on 20 December 2024. Investors should note that financial intermediaries may have earlier closing times. The Retail Offer may close early if it is oversubscribed.

There is a minimum subscription of £100.00 per investor under the terms of the Retail Offer which is open to investors in the United Kingdom subscribing via the intermediaries which will be listed, subject to certain access restrictions, on the following website:

The Company's LEI is 9845009D2AB08E5BF491.

UK Product Governance Requirements

EU Product Governance Requirements