Appointment of new Non Executive Director

ITM Power is pleased to announce that Matthias von Plotho has been appointed a Non-Executive Director effective from 15 January 2025. He replaces Jürgen Nowicki, who has resigned from the Board on the same day. Jürgen served as Linde's nominated Board representative since November 2019, following Linde's acquisition of its stake in ITM, which currently stands at 16.2%.

Matthias joined Linde in 2001 as Team Lead Accounting and subsequently held different positions in Finance & Controlling. In 2003, he was appointed Global Head of M&A for Linde AG and was named Head of Finance & Control EMEA in 2010. He assumed his current role as Senior Vice President Finance EMEA at Linde Gas after Linde's merger with Praxair in 2019.

Sir Roger Bone, Chairman of ITM, said: "I would like to thank Jürgen for his valuable contribution over the past five years. We are delighted to welcome Matthias to the Board of ITM and look forward to working with him to deliver long-term sustainable value for our shareholders. His financial and strategic experience will add significant value to the business, as will his deep understanding of the wider industry in which ITM operates, especially given his current role at Linde Gas. His appointment also maintains our strong relationship and collaboration with our largest shareholder."

Disclosures required by Schedule Two, paragraph (g) of the AIM Rules for Companies

Matthias Hans-Heinrich von Plotho, who is 55 years old, is or has been a director of the following companies during the past five years:

Linde Gas Therapeutics GmbH

Linde Gas Vervaltungs GmbH

Linde Schweißtechnik GmbH

Linde Österreich Holding GmbH

Linde Gas Benelux B.V.

Linde Gas Vietnam Limited

As at the date of this announcement, Matthias von Plotho does not hold any ordinary shares in the capital of the Company.

There are no further disclosures required pursuant to Schedule Two, paragraph (g) of the AIM Rules for Companies in respect of Matthias von Plotho's appointment to the Board.