eEnergy Group PLC has announced the implementation of new share incentive awards under the new eEnergy Group PLC 2024 Share Option Plan to retain and incentivize key management personnel. The New Awards will work alongside the existing Management Incentive Plan ("2020 MIP") implemented and announced in July 2020. The New Awards are being made to four Directors of the Company, with an amount reserved for several members of the senior management team expected to be allocated in the coming weeks. These awards are subject to achieving a minimum vesting threshold share price of 9.32p and will be tested three years from the award in January 2027.

The terms of the existing 2020 MIP awards, which reward shareholder value creation delivered in the four years following grant in July 2020, remain unchanged. The New Awards are also subject to malus and clawback provisions, and the number of options over which awards vest may be reduced by the Board if it fairly and reasonably considers that the level of vesting is not justified by the underlying financial performance of the Company. In addition, the Company has announced one-off success bonuses to be awarded to Harvey Sinclair and Crispin Goldsmith in the amounts of £285,000 and £200,000, respectively, subject to the completion of the sale of the Energy Management Services division.

The New Awards and Transaction Bonuses are considered to be related party transactions for the purposes of Rule 13 of the AIM Rules. The independent Non-executive Directors, Nigel Burton and Gary Worby, who are members of the Remuneration Committee, have considered the terms of the New Awards and Transaction Bonuses to be fair and reasonable insofar as the shareholders of eEnergy are concerned. This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014 as it forms part of the law of England and Wales by virtue of the European Union (Withdrawal) Act 2018.

For further information, please visit www.eenergyplc.com or contact the company directly.