Admission of Shares and Total Voting Rights

Admission of Shares

AFC Energy (AIM: AFC) announces an application will be made to the London Stock Exchange for admission of 1,404,554 ordinary shares of £0.001 in the Company ("Ordinary Shares") to trading on AIM ("Admission"), such Ordinary Shares are issued to satisfy the payment in kind of discretionary bonuses to certain non-PDMR members of the Company's leadership team. It is expected that Admission will become effective at or around 8.00 a.m. on 22 December 2025.

Total Voting Rights

Following Admission, the Company's issued and outstanding share capital will comprise of 1,132,966,953 Ordinary Shares each with voting rights, and this number may be used by shareholders in the Company as the denominator for the calculations 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. The Company does not hold any shares in treasury.

The Company's proprietary ammonia cracking technology further highlights emerging opportunities across the distributed hydrogen production market with a focus on hydrogen's role in supporting industries facing challenges in decarbonisation, such as mining, cement and heavy engineering, all expected to be delivered at a commercially viable price point, without government subsidies.