Hydrogen Utopia International PLC

 (the "Company" or "HUI")

Response to Erroneous News Story by Alliance News

Hydrogen Utopia International PLC, a company specialising in turning non-recyclable mixed waste plastic into hydrogen and other carbon-free fuels, new materials or distributed renewable heat, is aware that a news story was published in error yesterday afternoon by Alliance News.

HUI wishes to make clear that the news story with the headline 'Hydrogen Utopia Board withdraws AGM Resolution for Incentive Plan' released on 23 April 2024 at 14:25:20 does not relate to the Company and was misleading. The news story referred to a withdrawal of a resolution from an AGM agenda on a given date.

However, and as planned, HUI's final results will be announced and a date for the AGM will be set by the end of the month.

For further information, please contact: 

Hydrogen Utopia International PLC

Aleksandra Binkowska           

+44 20 3811 8770     

Alfred Henry Corporate Finance Limited (LSE Corporate Adviser)

Nick Michaels/Maya Klein Wassink                                                  

+44 20 3772 0021

Novum Securities Limited (Broker)                                                                    

Jon Belliss/Colin Rowbury                              

+44 20 7399 9400

About Hydrogen Utopia International PLC

HUI aims to become one of the leading new European companies specialising in turning non-recyclable mixed waste plastic into hydrogen and other carbon-free fuels, new materials or distributed renewable heat.

A HUI facility uses non-recyclable mixed waste plastic as feedstock and turns it into syngas from which new products and energy can be produced. HUI anticipates that its revenues will be derived from a variety of sources, dependent upon location and configuration of the HUI facilities, including the sale of syngas, hydrogen and other gases, electricity and heat sales, and the payment to it of fees for a given quantity of non-recyclable mixed waste plastic received at a HUI facility.

HUI will target areas where there is significant private sector interest or potential, financial backing is accessible and or where substantial EU and/or government funded sources of grants and loans are or may be available. The global increase in fossil fuel-based energy prices reinforces the need for alternative, price competitive energy sources, which HUI's business model can provide.