Potential Acquisition by Reverse Takeover

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, confirms that it has signed heads of terms regarding the potential acquisition, by way of a reverse take-over, of a substantial and profitable international bio-energy company involved in the production and business of biofuels and its bi-products, with revenue in excess of EUR 365m and profits before taxes in excess of EUR 40m according to the latest unaudited consolidated accounts to 31 December 2022.

There can be no certainty that an acquisition will be completed. The company will provide further updates as appropriate.

The Directors accept responsibility for this announcement.