AFC Energy : AIM Rule 17 Notice

5 April 2019

AFC Energy PLC

('AFC Energy' or the 'Company')

AIM Rule 17 Notice

AFC Energy (AIM: AFC), a leading alkaline fuel cell power company, announces pursuant to the requirements of (v) and (vi) of Schedule Two (g) to the AIM Rules for Companies, that Joe Mangion, non-executive director of the Company, has informed AFC Energy that Labrador Limited, a company of which he is Chairman, entered into administration on 25 March 2019.

For further information, please contact:

AFC Energy plc Adam Bond (Chief Executive Officer)	[phone]
Cantor Fitzgerald Europe - Nominated Adviser and Joint Broker David Foreman Richard Salmond	[phone]
M C Peat & Co LLP - Joint Broker Charlie Peat	[phone]
TUVA Partners - Public Relations Julian Tanner	[phone]

About AFC Energy

AFC Energy plc has developed and successfully demonstrated an alkaline fuel cell system, which converts hydrogen into 'clean' electricity. AFC Energy's key project POWER-UP demonstrated the world's largest operational alkaline fuel cell system at Air Products' industrial gas plant in Stade, Germany. The Company is now building upon an already established pipeline of commercial opportunities and driving the findings from the development phase of the technology into a technically optimised and commercially relevant fuel cell system. For further information, please visit our website: www.afcenergy.com