WRAP Retail Offer for up to £200,000

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, is pleased to announce a retail offer via the Winterflood Retail Access Platform ("WRAP") to raise up to £200,000 (the "WRAP Retail Offer") through the issue of new ordinary shares of €0.01 each in the capital of the Company ("Ordinary Shares"). Under the WRAP Retail Offer up to 20,000,000 new Ordinary Shares (the "WRAP Retail Offer Shares") will be made available at a price of 1p per share.

In addition to the WRAP Retail Offer and as announced earlier today the Company, inter alia, completed a placing and subscription of new Ordinary Shares (the "Fundraise Shares" and together with the WRAP Retail Offer Shares, the "New Ordinary Shares") which has raised approximately £1.1 million (before expenses) (the "Fundraise") at a price of 1p per Fundraise Share (the "Issue Price"). The Issue Price represents a discount of approximately 19 per cent. to the mid-market closing price of an Ordinary Share on 3 September 2024 (being the latest practicable date prior to this announcement). The issue price of the WRAP Retail Offer Shares is equal to the Issue Price.

A separate announcement has been made regarding the Fundraise and its terms and sets out the use of proceeds. The proceeds of the WRAP Retail Offer will be utilised in the same way as the proceeds of the Fundraise.

For the avoidance of doubt, the WRAP Retail Offer is not part of the Fundraise.

The WRAP Retail Offer and the Fundraise are conditional on the New Ordinary Shares being admitted to trading on AIM ("Admission") and receipt of funds pursuant to the Fundraise. It is anticipated that Admission will become effective and that dealings in the New Ordinary Shares will commence on AIM, at 8.00 a.m. on 13 September 2024.

WRAP Retail Offer

Therefore, the Company is making the WRAP Retail Offer open to eligible investors in the United Kingdom, being existing shareholders of EQTEC, following release of this announcement and through certain financial intermediaries.

The WRAP Retail Offer is expected to close at 16.30 on 6 September 2024. Eligible shareholders should note that financial intermediaries may have earlier closing times.

There is a minimum subscription of £250 per investor under the WRAP Retail Offer. The terms and conditions on which investors subscribe will be provided by the relevant financial intermediaries including relevant commission or fee charges.

It is a term of the WRAP Retail Offer that the total value of the WRAP Retail Offer Shares available for subscription at the Issue Price does not exceed £200,000 unless increased at the discretion of the Company.

The Company's LEI is 63540085VSYVDEINJO04.