Equity placement update and total voting rights

EQTEC plc (AIM: EQT), a global technology innovator powering distributed, decarbonised, new energy infrastructure through its waste-to-value solutions for hydrogen, biofuels, and energy generation, announces that further to its announcement of 28 May 2024 ("Placing Announcement"), the Company confirms receipt of £350,000 in relation to the Placing, resulting in the issuance of 25,000,000 new Shares to the relevant subscribers (the "Initial Placing Shares").

A further 2,435,499 new Shares are being issued in settlement of brokerage fees in relation to the Placing ("Fee Shares") to Fortified Securities, the Company's broker arranging the Placing.

The new Shares detailed above are being issued utilising the Company's existing share authorities and will rank pari passu in all respects with the Company's existing Shares.

Application is being made to the London Stock Exchange for admission of the Initial Placing Shares and Fee Shares ("Admission"), being in aggregate 27,435,499 new Shares and it is expected that Admission will become effective and that dealings in the new Shares on AIM will commence at 8.00 a.m. on or around 6 June 2024.

Following Admission, there will be 221,723,420 Shares in issue. The Company holds no Shares in Treasury. 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 under the FCA's Disclosure Guidance and Transparency Rules.

As noted in the Placing Announcement, the balance of 35,887,490 Placing Shares are to be settled on or around 10 June 2024. Application will be made to the London Stock Exchange for admission for this balancing amount, in due course, with an announcement being released at the appropriate time.

Unless otherwise defined herein, all defined terms used in this announcement shall have the meanings ascribed to them in the Company's announcement of 28 May 2024.

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