Active Energy Group Plc announced its intention to carry out a non-pre-emptive fundraise (the "Fundraising") through the issue and allotment of a minimum of 600,000,000 new Ordinary Shares to raise minimum gross proceeds for the Company of £6 million at a price of 1.0 pence per new Ordinary Share (the "Issue Price"), as well as a proposed restructuring of the £17.7 million of convertible loan notes previously issued by the Company. In conjunction with the Fundraising and the CLN Restructuring and AEG's imminent transition to a commercial producer of CoalSwitchTM, the Company announces the following board changes with immediate effect. James Leahy, Non-Executive Director, will assume the role of Non-Executive Chairman of AEG. James is also Chairman of the Company's Remuneration Committee. Antonio Esposito, Chief Operating Officer, has stepped down from the Board but will continue to work with AEG. In the near term, Antonio will focus on the construction and commissioning of the first CoalSwitchTM reference plant at Lumberton and subsequently on the development of future CoalSwitchTM plants in North America. These board changes follow on from the recent appointment of Andrew Diamond, who joined the AEG Board on 1 January 2021 as Finance Director, as per the Company's announcement of 23 November 2020.