Result of WRAP Retail Offer

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, further to the announcements of 4 September 2024 of the Fundraise, the completion of the WRAP Retail Offer at the Issue Price. The WRAP Retail Offer, which closed at 4:30 p.m. on Friday 6 September 2024, has raised gross proceeds of £72,528.15 through the issue of a total of 7,252,815 new Ordinary Shares to existing retail shareholders in the United Kingdom.

The Fundraise, which is conditional on Admission, has raised gross proceeds of, in aggregate, £1,172,528.15 via the issue of 110,000,000 new Ordinary Shares pursuant to the Placing and Subscription and 7,252,815 new Ordinary Shares pursuant to the WRAP Retail Offer.

Use of Proceeds

The net proceeds of the Fundraise, along with the Company's existing cash resources, will be deployed for general working capital purposes and to accelerate the implementation of its strategy.

Admission of WRAP Retail Offer shares and Total Voting Rights

Application is being made for the 7,252,815 new Ordinary Shares pursuant to the WRAP Retail Offer, which will rank pari passu with the existing Ordinary Shares, to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and dealings on AIM is expected to commence on or around 13 September 2024.

On Admission of the 7,252,815 WRAP Retail Offer Shares (together with the 110,000,000 Fundraise Shares, 52,200,000 Conversion Shares and 7,711,059 Supplier Shares, as announced on 4 September 2024), the Company's issued share capital will consequently consist of 434,774,785 Ordinary Shares, each with one voting right. There are no shares held in treasury. Therefore, the Company's total number of Ordinary Shares and voting rights will be 434,774,785 and this figure may be used by shareholders following Admission as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the UK Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

Unless otherwise defined herein, all defined terms used in this announcement shall have the meanings ascribed to them in the Company's announcements of 4 September 2024.

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