Result of Conditional Placing and Subscription

Further to the announcement by the Company in respect of the proposed Fundraising dated 1 July 2026 (the "Fundraising Announcement"), Clean Power Hydrogen plc (AIM: CPH2) is pleased to announce that the Company has successfully raised gross proceeds of approximately £7.3 million through:

• a Firm Placing raising approximately £2.54 million;
• a Conditional Placing raising approximately £0.61 million;
• a Conditional Subscription raising approximately £3.65 million;
• a Directors Subscription of £10,000; and
• a Retail Offer raising approximately £0.5 million,

in each case at an issue price of 1.5 pence per new Ordinary Share.

The Conditional Placing received additional demand following the Fundraising Announcement and, following discussions between Turner Pope Investments (TPI) Ltd and the Company, has been upscaled to raise a total of £0.61 million.

Consequently, it is anticipated that, in addition to the already issued 169,333,333 Firm Placing Shares, an additional 40,666,666 Conditional Placing Shares, 243,615,502 Subscription Shares, 666,667 Director Subscription Shares, and 33,333,333 Retail Offer Shares will be issued in relation to the Fundraising, resulting in a total of a further 318,282,168 New Ordinary Shares being issued. The net proceeds from the Fundraising will be used to support the revised strategic direction of the Company, with a focus on transitioning towards a capital-light model, centred on strategic partnerships, manufacturing agreements and the global licensing of its proprietary technology.

The Conditional Placing, Subscription, Directors Subscription and Retail Offer are conditional on, among other things, obtaining approval of the Company's shareholders at the General Meeting of the Company to be held at the offices of K&L Gates LLP, One New Change, London EC4M 9AF at 11:00 a.m. on 20 July 2026 and admission of the Conditional Placing Shares, Subscription Shares, Directors Subscription Shares and Retail Offer Shares to trading on AIM.

Admission and Total Voting Rights

The 169,333,333 Firm Placing Shares were admitted to trading on 7 July 2026 and the net proceeds of the Firm Placing have been received by the Company.

Application has been made for the Conditional Placing Shares, the Subscription Shares, the Director Subscription Shares and the Retail Offer Shares to be admitted to trading on AIM. Admission is expected to become effective and dealings in the New Ordinary Shares are expected to commence on or around 8.00 a.m. on 22 July 2026, subject to the approval of the Company's shareholders at the General Meeting.

Following Admission, the Company will have 989,628,584 Ordinary Shares in issue. The Company does not hold any Ordinary Shares in treasury, therefore, the total number of voting rights will also be 989,628,584.

The New Ordinary Shares, including the Firm Placing Shares, will, on Admission, represent approximately 49.27 per cent. of the Enlarged Issued Share Capital and will rank pari passu in all respects with the existing Ordinary Shares, including the right to receive all future dividends and distributions declared, made or paid after the date of Admission.

Other than where defined, capitalised terms used in this announcement have the meanings given to them in the Fundraising Announcement.

Commenting, Richard Scott, Chief Executive Officer, said:

"Our markets continue to grow and CPH2 have developed industry leading and proprietary technology to generate hydrogen at lower cost. The confidence shown by our investors in a new capital light, global licensing model is humbling. We recognise that the innovation journey is always challenging, but our recent setbacks have visible solutions, and our new partners enable international reach. The new leadership team is focused more than ever on delivering for all our stakeholders".