Grant of Share Options

Hydrogen Utopia International PLC, a company specialising in converting non-recyclable mixed waste plastic into hydrogen and other carbon-free fuels, new materials or distributed renewable heat, is pleased to announce the grant of share options to James Nicholls-May, the Company's Chief Financial Officer.

HUI exercised its option to acquire 49% of Ohrid Organics Ltd ("Ohrid Organics") on 29 December 2023. James has played a key role in all aspects of the process, from initial financial due diligence on Ohrid Organics to the exercise of HUI's option. His continued involvement in the transaction is expected to contribute to a successful acquisition. The acquisition is anticipated to significantly benefit HUI and its shareholders.

The grant of share options allows James Nicholls-May to purchase £25,000 worth of shares in the Company at a price of 3.875p per share. These options vest immediately and are exercisable for a period of 10 years from 22 January 2025. The grant demonstrates HUI's commitment to attracting and retaining top talent and aligning employee interests with the long-term success of the Company.

Aleksandra Binkowska, CEO, commented: "I am delighted to grant James stock options in recognition of his outstanding contributions to HUI. James is a vital member of the HUI team. Over the last years he has shown exceptional commitment to the Company. This grant reflects my confidence in James. I expect James' role and responsibilities to evolve and broaden alongside HUI's growth trajectory following its anticipated acquisition of Ohrid Organics."

James Nicholls-May, Chief Financial officer, stated: "I am incredibly grateful for this opportunity and excited to continue contributing to the growth and success of HUI. I believe in our company's mission and future, and I am confident that HUI will make a global impact in the waste plastic to energy sector. "